AsianOil - Asia Oil & Gas
China trims 2030 gas goal
The country’s energy planners have reduced gas’ projected share of the 2030 primary energy mix from 15% to 12%.
Petronas rethinks African investment strategy
Malaysia’s state-owned Petronas is not only rethinking its participation in South Sudan’s first oil licensing round but is also reportedly looking to exit South Africa’s fuel retail sector.
ONGC’s environmental credentials further tarnished by oil spill
The environmental credentials of India’s largest oil and gas developer are coming under increased scrutiny, with state-run Oil and Natural Gas Corp.’s (ONGC) latest pipeline spill doing little to help the company’s image.
Australia proceeds with decomm plans, despite developer frustration
The Australian government is moving ahead with plans to decommission a stranded floating production storage and offtake (FPSO) vessel at the cost of the offshore upstream sector – a move that has drawn fire from developers.
ITFC lends $4.5bn to Pakistan for oil, gas imports
The Pakistani government has reportedly secured a three-year, $4.5bn loan from the Islamic Trade Finance Corp. (ITFC) to help cover the cost of the country’s energy imports.
CNOOC Ltd’s first self-operated deepwater project enters production
China’s state-run CNOOC Ltd commenced production from the country’s first self-operated deepwater project this week, as well as a shallow-water oilfield in the South China Sea.
Baghdad cancels Zhenhua’s crude prepayment deal
Pakistani firms to form SPV to bid for UAE acreage
AsianOil: Pertamina’s shipping arm unveils $4bn asset upgrade plan
The shipping arm of Indonesia’s state-owned Pertamina has unveiled plans to invest $4bn to upgrade its vessels and terminals over the next seven years.
Costs of supplying US LNG to Asia rise
A new report has found that the cost of supplying US LNG to Asia rose this year, but US production of the fuel is still anticipated to hit record highs.
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