AsianOil - Asia Oil & Gas

NRG: Bad news, good news

Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.

Indonesian upstream investment halts in H1

Investment in Indonesia’s upstream fell in the first half of the year, as the coronavirus (COVID-19) pandemic forced oil and gas developers to rethink their capital expenditure strategies.

Costly feedstock could scupper new Australian gas-fired TPPs

Origin’s APLNG revenue dips 5% in FY20

Origin Energy has revealed that its share of revenue from the Australia Pacific LNG (APLNG) project declined 5% in financial year 2019-2020 owing to the coronavirus (COVID-19) pandemic’s impact on global energy demand.

IOC takes FID on Paradip petchem project

State-run Indian Oil Corp. (IOC) has reached a final investment decision (FID) on its planned INR138.05bn ($1.84bn) integrated para-xylene (PX) and purified terephthalic acid (PTA) facility in Odisha State.