AsianOil - Asia Oil & Gas
NRG: A global mixed bag
The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”
LNG buyers increasingly seek flexibility as oil-indexation declines
Oil-linked LNG contracts are falling out of favour, while buyers are increasingly in a position to demand more flexibility from sellers.
Bangladesh LNG power project secures Japanese loans
Japanese companies intend to loan JPY69bn ($644mn) to a new liquefied natural gas (LNG) fired power project in Bangladesh.
Senex reports major Surat Basin gas reserves increase
Australian junior Senex Energy has reported a 21% increase in its proved and probable (2P) natural gas reserves in its Surat Basin projects following an independent assessment of its estimates.
Pertamina plans to maintain Rokan oil production
Indonesia’s state-owned Pertamina has said it wants to produce up to 180,000 barrels per day of crude oil from the onshore Rokan block once it assumes operatorship next year.
AGN unveils South Australian gas grid expansion plans
Australian Gas Networks (AGN) has unveiled plans to invest around AUD580mn ($404.8mn) in the South Australian natural gas grid over the next five years.
RIL, Aramco deal delayed
Reliance Industries Ltd (RIL) has blamed current economic headwinds for delays to the planned sale of a 20% stake in its oil-to-chemicals (OTC) business to Saudi Aramco.
Australian firms issue asset write-down warning
Australian oil and gas companies have begun the painful process of writing off billions from the value of their upstream assets after energy prices tanked earlier this year.
China’s oil imports set new record in June
China’s oil imports reached an all-time high of 53.18mn tonnes (12.99mn barrels per day) in June, according to General Administration of Customs (GAC) data released on July 14.
Follow us online