AsianOil - Asia Oil & Gas

Australia approves Santos’ Narrabri CBM project

The Australian government has approved Santos’ Narrabri coal-bed methane (CBM) project in New South Wales, paving the way for a major new source of domestic gas supply.

ACE Enexor seeks partner for Philippine deepwater project

Philippine junior ACE Enexor said this week that it is looking to partner with a more experienced developer ahead of its planned deepwater drilling programme.

NRG: Forward momentum

Welcome to the latest edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.

Indonesia’s Kalimantan, Sulawesi set to hit annual lifting targets

SSGCL’s suggested gas price hike draws industry ire

Pakistan’s Sui Southern Gas Company Ltd (SSGCL) has encountered stiff opposition from local industry over its request that the government hike wholesale natural gas prices by 10.6% for financial year 2021-2022.

Chinese firms eye Exxon’s stake in West Qurna-1

China upbeat over winter gas supplies

China’s top economic planner, the National Development and Reform Commission (NDRC), has said the country natural gas supplies will be enough to meet demand during the peak winter heating season.

India's arbitration aversion scares off investors

India’s history of oil and gas sector disputes between the government and private players has dampened foreign investor enthusiasm for the sector.

CNOOC to expand Binhai LNG terminal storage

China National Offshore Oil Corp. (CNOOC) intends to add 1.62mn cubic metres of liquefied natural gas (LNG) storage capacity at its Binhai terminal in Jiangsu Province.

Sinopec’s gas production to slow this year

China’s state-run Sinopec Corp. has revealed that it expects natural gas production growth to slow significantly this year, despite the country’s rising demand for the fuel.

Malaysian state continues quest for greater upstream control

The Malaysian state of Sarawak has said it wants current talks with the federal government to lead to it assuming full control over the state’s oil and gas industry.

Total, Jadestone quit deepwater block in Philippines

Asia-Pacific focused independent Jadestone Energy revealed this week that both it and French major Total have walked away from their deepwater block in the Philippines.

Tellurian reportedly in supply talks with Asian buyers

US-based Tellurian is reportedly in talks with unidentified Asian buyers to sell almost half of its output from its proposed Driftwood LNG terminal on the Gulf Coast.

Papua LNG boosted by new PNG legislation

The Papua LNG project received a major boost last week after the Papua New Guinea (PNG) government passed six pieces of legislation that will allow operator Total to proceed with the $20bn development.

Australian oil and gas job count reportedly shrink 25%

That Australia’s oil and gas sector has been rocked by the COVID-19 pandemic was never in question, with companies large and small posting some painful results over the course of this year.