AsianOil - Asia Oil & Gas

FAR arranges to sell Sangomar holdings to OVL

Australia’s FAR Ltd has agreed to sell its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, to India’s ONGC Videsh Ltd (OVL).

CCS technology gains momentum

NRG: Fading optimism

Progress in US-China LNG trade as first new deal is unveiled

China’s Foran Energy Group has agreed to buy 26 cargoes from US LNG exporter Cheniere Energy in a move that signals improving trade relations between the two countries.

Sino-Australian spat sinks LNG stake sale

Deteriorating bilateral relations between China and Australia have forced Woodside Petroleum to shelve plans temporarily to sell a stake in a liquefied natural gas (LNG) project and associated gas field to Chinese investors.

Indonesia pursues foreign upstream investment

The Indonesian government is pursuing foreign investment in the country’s upstream by touting a new exploration bid round slated for 2021.

Australian upstream finds itself increasingly isolated politically

The Australian upstream is struggling to find support on either side of the parliamentary divide for its vision of the country’s natural gas future.

Jemena signs pipeline deal with Tamboran

With activity in the Northern Territory’s shale gas fields picking up in the wake of the COVID-19 pandemic, industry excitement over the region’s potential is also building.

Beach’s upstream push continues

ICE signs MoU to consider using Murban futures for US crude sales to Asia

The Intercontinental Exchange (ICE) has signed a memorandum of understanding with Chevron, Occidental Petroleum and Trafigura on using the upcoming Murban futures contract to price US crude oil being sent to Asia.