AsianOil - Asia Oil & Gas

NRG: Risks to stability

Kazakhstan significantly cuts oil shipments to China

Malaysia's DNeX to consolidate control over Ping Petroleum

Chevron to avoid Gorgon closure with staggered shutdown of trains

Chevron has been granted permission to stagger the closure of Trains 1 and 3 at its Gorgon LNG terminal in Australia for inspections and maintenance.

Australia’s gas plans appear to be on shaky ground

The Australian government does not appear to have noticed that its plans to bolster gas-fired power generation (GPG) over the long term have begun to unravel rather rapidly.

Hibiscus tumbles into the red

After sliding into the red in the final quarter of financial year 2019-2020, Malaysia-listed independent Hibiscus Petroleum has accelerated its plans to acquire distressed upstream assets.

Ampol sinks to first-half loss

Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.

Pertamina posts first-half loss

Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.

OGDCL plugs dry hole

Pakistan’s state-owned Oil and Gas Development Company Ltd (OGDCL) has plugged and abandoned a dry hole on the Guddu block, junior partner Jura Energy revealed last week.

IOC invests $47mn in Paradip refinery’s MEG plant

State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.

ONGC reveals $6.1bn debt plan

India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.