AsianOil - Asia Oil & Gas

A long, strange year: 2020 in review

NewsBase’s editors are marking the start of 2021 with a review of how each of the regions covered by our organisation was affected by the events of the past 12 months.

NRG: Energy markets edge cautiously into a new year

Concerns about energy demand and OPEC+ production quotas continue to exert pressure on oil prices, despite the debut of the COVID-19 vaccine

South Korean-flagged tanker seized by Iran in Persian Gulf

Russian petrochemical giant Sibur closes $11bn joint venture deal to build Amur Gas Chemical plant with China’s Sinopec

Russia’s leading petrochemicals company, Sibur Holding, and China Petroleum & Chemical Corporation (Sinopec) have closed an $11bn joint venture deal to build the Amur Gas Chemical Complex (Amur GCC).

KIT, MPIC team up to buy Philippine fuel import terminal

Singapore’s Keppel Infrastructure Trust (KIT) and the Philippines’ Metro Pacific Investments Corp. (MPIC) have teamed up to buy the Philippines’ largest oil product import storage facility.

State Gas kicks Reid’s Dome appraisal

Australian junior State Gas has kicked off the second phase of its exploration and appraisal programme of the Reid’s Dome gas project in Queensland.

PetroChina produces 30 bcm of gas from Sichuan Basin

State-run PetroChina has said its production from the Sichuan Basin in south-western China had exceeded 30bn cubic metres as of December 14, the official Xinhua news agency reported.

Eni seeks to exit Pakistan’s troubled upstream

Weak oil and gas prices, coupled with concerns over corruption and bureaucracy, have undermined investor confidence in Pakistan's upstream potential.

Indian refiners raise run rates

Three of India’s state-run refiners are either operating at close to full capacity or higher amid a surge in domestic demand for gasoline and liquid petroleum gas (LPG).

Indonesian driller APEX to focus on domestic work

Indonesian upstream service provider Apexindo Pratama Duta Tbk (APEX) has revealed that it will focus solely on domestic projects next year amid ongoing uncertainty in the global upstream sector.