AsianOil - Asia Oil & Gas

NRG AsianOil: CNOOC Ltd aims to boost production this year

State-run Chinese offshore developer CNOOC Ltd has announced plans to boost its oil and gas production by 3-5% this year as it seeks to bring on stream several new fields both at home and abroad.

Indian ‘refiners would resume Iran crude imports if US relents on sanctions’

Surge announces Midland Basin acquisition as other Asian firms exit shale

Surge Energy US Holdings announced on January 31 that one of its subsidiaries had signed a purchase and sale agreement (PSA) to acquire leasehold interest and producing wells from Grenadier Energy Partners II for $420mn.

Pan Orient reports Thai reserve boost

Canadian-listed independent Pan Orient has announced that the proven (1P) oil reserves of its Thai subsidiary more than doubled last year, following an independent reserves evaluation.

Woodside agrees on Pluto gas supply for NWS

Australian independent Woodside Petroleum has reached an agreement with Western Australia on supplying natural gas from its Pluto field to the North West Shelf (NWS) liquefied natural gas (LNG) project.

India warns of global economic fallout from soaring oil prices

The Indian government sounded the alarm this week over rebounding oil prices, saying that a sustained rally could hurt the global economic recovery.

Keppel, Daewoo, Samsung submit bids to Petrobras for FPSO construction

Brazil’s national oil company (NOC) Petrobras said earlier this week that it had received three proposals for a contract to build two new drilling platforms.

Japan’s trading houses pull back from upstream

Japan’s trading houses have begun pulling back from upstream projects amid intensifying emission reduction targets and weakening domestic oil and gas demand.

Chevron reports reduced production at Wheatstone LNG

Super-major Chevron has said its Wheatstone LNG plant is operating below capacity while repairs are carried out on an inlet separator.

LOOP oil exports to Asia hit record highs

Crude exports from the Louisiana Offshore Oil Port (LOOP) – the only US port that can fully load very large crude carriers (VLCCs) – reached a new record in January.

Woodside commits to Myanmar drilling despite coup

Australian developer Woodside Petroleum remains committed to drilling three deepwater wells offshore Myanmar this year, despite the country’s recent military coup.

Talon expands exploration portfolio

Australian junior Talon Petroleum has unveiled plans to expand its exploration portfolio by farming in to a stake in a proposed coal-bed methane (CBM) licence in Mongolia.