AsianOil - Asia Oil & Gas

Indonesia set to miss 2022 production targets

Upstream regulator SKK Migas has warned that major challenges remain that could prevent oil and gas production from reaching the government’s 2022 target.

BPCL steps up US crude imports

India’s state-run Bharat Petroleum Corporation Ltd (BPCL) is increasing its purchases of US crude oil to meet rising domestic fuel demand, Reuters reported this week.

India reportedly frees up SPR space

India is reportedly selling down some of its strategic petroleum reserves (SPR) ahead of the planned commercialisation of the storage facilities.

CNOOC Ltd’s first-half profit soars

China’s state-run offshore specialist CNOOC Ltd has seen its first-half profit more than tripled from the year earlier period on the back of this year’s oil price rally.

Destini wins Malaysian service contract from Repsol

Malaysian service provider Destini has won a contract to provide tubular handling and conductor installation equipment and services from Repsol Oil and Gas Malaysia.

McDermott wins second EPC contract for Philippine LNG project

US-based McDermott International has won an engineering, procurement and construction (EPC) contract for work on one several Philippine liquefied natural gas (LNG) import facilities currently under development.

Australian LNG exports to China hit record high

Australian LNG exports to China have risen to record highs despite ongoing trade tensions between the two countries.

Higher valuation for Aramco’s RIL deal

China develops energy trade with Russia

A new cross border railway bridge, which is nearly ready to start operations, is expected to bolster the two countries’ energy trade.

Pakistan approves investment in Abu Dhabi block

AsianOil: Woodside, BHP Petroleum announce merger

Australia’s largest independent Woodside Petroleum has announced its planned merger with BHP Petroleum, the upstream arm of leading Australian miner BHP.

Baker Hughes wins subsea contract for Gorgon compression project

Oilfield services provider Baker Hughes announced this week that it had been awarded a contract to supply subsea compression manifold technology for the Jansz-Io Compression (J-IC) project at Chevron’s Gorgon LNG plant in Australia.

Eni to supply carbon-neutral cargo to Taiwan

Italy’s Eni announced this week that it had agreed to supply a carbon-neutral LNG cargo to Taiwan’s CPC.