AsianOil - Asia Oil & Gas

Armour announces NT resource update ahead of asset spin-off

Australian independent Armour Energy has announced the independent confirmation of a resource estimate for its Northern Territory assets as it prepares to spin off the fields.

Texcal ramps up oil production onshore Indonesia

Texcal Mahato has successfully brought on stream a new oil producing well at the Mahato production-sharing contract (PSC) onshore Indonesia.

Sinopec returns to profit in Q1

China’s state-run Sinopec Corp. has posted a first-quarter net profit of CNY17.93bn ($2.77bn), a significant turnaround from the CNY19.87bn ($3.07bn) loss it recorded in the same period of 2020.

ONGC downplays restructuring reports

India’s state-owned Oil and Natural Gas Corp. (ONGC) has downplayed reports of government pressure on company management to divest some of its assets as part of a wider restructuring effort.

SKK Migas aims for 2021 launch of Tangguh LNG expansion

Indonesia’s upstream regulator SKK Migas has said it hopes BP can bring the third train of its Tangguh liquefied natural gas (LNG) project on stream by the end of the year.

Indonesian government divided over delayed gas pipeline

The energy ministry and downstream regulator are split over how the Cirebon-Semarang (Cisem) pipeline project should be executed, with each side becoming increasingly invested in its vision.

Petronas exports LNG in ISO tanks to China

Malaysia’s state-owned Petronas has exported its first shipment of liquefied natural gas (LNG) stored in ISO tanks to China.

Flurry of activity keeps Aramco in the news

Philippines approves LNG-to-power project

The government of the Philippines has approved Vires Energy’s proposed LNG-to-power project.

Aramco’s Reliance O2C deal remains on the cards

Nigerian president returns four licence areas to Addax Petroleum

Nigerian President Muhammadu Buhari has transferred licences for four oil-bearing blocks back to Addax Petroleum, a company controlled by China’s Sinopec.

AsianOil: Eni starts up Indonesian deepwater gas field

Italian major Eni has started producing natural gas from its deepwater Merakes project in the East Sepinggan block offshore Indonesia.

FAR says Remus is unlikely to proceed with takeover offer

Australia’s FAR Ltd does not expect Remus Horizons, a private investment fund, to move forward with a takeover proposal that would give it a minority stake in Sangomar, an oil-bearing block located offshore Senegal.