AsianOil - Asia Oil & Gas

Beyond Oil and Gas Alliance aims to end oil and gas production

The Beyond Oil and Gas Alliance (BOGA) is calling for an immediate end to new licensing rounds for oil and gas exploration, and has signed up 11 governments to a promise to end oil and gas production by 2050.

Japan energy mix to maintain oil at 30% – for now

OIL’s profit doubles in Q3

State-run Oil India Ltd’s (OIL) profit more than doubled in the third quarter of this year, owing to both a surge in crude prices as well as stronger oil and gas production.

ExxonMobil reaches FID on Chinese petchem project

US super-major ExxonMobil has made a final investment decision (FID) on a multi-billion dollar petrochemical project in southern China.

Cheap oil outweighs US sanctions risk as Chinese buyers stick with Iran for supplies

US LNG producers agree to send more supply to Chinese buyers

Leading US LNG producer Cheniere Energy has struck a deal to supply the super-chilled fuel to China’s Sinochem Group on a long-term basis. The supply agreement is the latest in a series announced between US LNG producers and Chinese buyers.

AsianOil: POSCO wins over Senex board with new bid

South Korea’s POSCO International has submitted a new bid for Senex Energy that has finally won the backing of the Australian developer’s board.

Pertamina’s gas production exceeds target

Indonesia’s state-owned Pertamina said this week that it had exceeded its natural gas production target for the first nine months of the year.

Petronas awards shallow-water PSC to POSCO

Malaysia’s state-owned Petronas has awarded a production sharing contract for offshore Block PM524 to a joint venture led by South Korea’s POSCO International.

Japan’s oil demand jumps amid surging LNG prices

The country’s power generators are looking to fire up their oil generators as they baulk at near-record spot LNG prices.