AsianOil - Asia Oil & Gas

Beach’s Enterprise discovery boosts 2P reserves

Australian independent Beach Energy has announced a new discovery offshore the state of Victoria that has upped the company’s proved and probable (2P) reserves by 21mm barrels of oil equivalent.

Indonesia holds onto shale oil dream

Indonesia’s shale oil potential may have fallen off the radar in recent years, but the government still hopes the unconventional sector will play a role in boosting the country’s long-term energy prospects.

ONGC sets KG-D5 peak production target

India’s state-owned Oil and Natural Gas Corp. (ONGC) intends to reach peak production at its deepwater KG-DWN-98/2 (KG-D5) block in the Krishna Godavari (KG) Basin within the next three years.

AsianOil: Petronas starts up second FLNG facility

Sydney listed Elixir introduces plans to drill 13 more wells in Mongolia

Iraq in talks to build crude storage in China, Pakistan

ADNOC strengthens Japan ties, awards Block 4 to Cosmo

ADB says “first phase” of Turkmenistan’s TAPI pipeline to launch in 2021

Australia’s downstream in a spiral

US super-major ExxonMobil announced plans this week to permanently shutter one of Australia’s three remaining refineries, in a move that raises serious questions about the country’s energy security.

Inpex looks ahead to 2021 after “tough” 2020

Japanese developer Inpex is pinning its hopes on a sustained oil price rally this year after posting its first net loss in more than a decade last year.

PNG, Total sign LNG agreement

The Papua New Guinea (PNG) government has signed a fiscal stability agreement with French major Total for the Papua LNG project.

PTTEP claims record gas discovery offshore Malaysia

Thailand’s state-owned PTT Exploration and Production (PTTEP) has said it has upgraded the Sarawak SK410B discovery made in 2019, now ranking it as the largest discovery it has ever made.

IEA scrutinises India’s gas-based economy goals

While Indian Prime Minister Narendra Modi has said once again that he wants to see India become a gas-based economy, the International Energy Agency (IEA) has said more needs to be done at a political level to achieve this.

Pertamina’s fortunes dominate Indonesia’s upstream prospects

Indonesia’s ability to turn around several years of oil and gas production declines is becoming increasingly tied to the fortunes of state-owned Pertamina.

Indonesia boosts 2021 drilling target by 150%

Indonesian upstream regulator SKK Migas has said it expects the country’s oil and gas players to boost development drilling by 150% year on year in 2021.