AsianOil - Asia Oil & Gas

Twinza’s negotiations with PNG break down

The Papua New Guinea (PNG) government’s pursuit of better terms on Twinza’s offshore Pasca A oil and gas project has seen the development enter limbo.

Australia unveils hydrogen, CCS funding

The Australian government has announced nearly AUD540mn ($416.5mn) in new funding for hydrogen and carbon capture and storage (CCS) projects over the next decade.

Indian gas production may soar 50% by 2024

India’s natural gas production may have slumped is the last fiscal period, but a new research report has projected that the country’s output may jump by more than half in the next few years.

India’s oil, gas production continues to fall

Indian oil and gas production fell in fiscal year 2020-2021, which ended on March 31, as the country’s lockdowns in response to the coronavirus (COVID-19) pandemic forced state-run and private operators to curb output.

Turkmenistan agrees security measures with Afghanistan for restarting work on TAPI pipeline section

Petrovietnam to build LNG-fired power plant

State-owned Petrovietnam reportedly intends to build a $1.5bn liquefied natural gas (LNG) fired thermal power plant in the country’s southern province of Ca Mau.

Petronas launches new small field PSC model

Malaysia’s state-owned Petronas has marked the launch of its new small field asset (SFA) production-sharing contract (PSC) model by awarding a shallow-water project to one of its upstream subsidiaries.

Calls for Indonesia upstream reforms mount

Upstream watchdog SKK Migas is pushing for the government to do more to increase the attraction of the country’s upstream.

FAR receives another takeover offer from Remus Horizons

Remus Horizons, a private investment fund, has submitted a new takeover offer for Australia’s FAR Ltd, a minority shareholder in the Sangomar block offshore Senegal.

Iraq chooses Sinopec to develop Al-Mansouriyah

AsianOil: Exxon starts up new Australian gas field

Beijing ‘reluctant to let Iran have J-10C fighter jet in barter for oil or gas’

Push to clean up LNG continues

More developments related to the decarbonisation of LNG have been reported in recent days.

Sarawak takes control of gas distribution

Malaysia’s devolution of oil and gas powers continued this week as the federal government granted full control of Sarawak State’s gas distribution to local authorities.