AsianOil - Asia Oil & Gas

ONGC reportedly facing new delays at KG-DWN-98/2 deepwater development

India’s Oil and Natural Gas Corp. (ONGC) is reportedly facing more delays at its Cluster-2 fields in the Krishna Godavari (KG) Basin’s deepwater KG-DWN-98/2 development.

Saipem wins Australia, Guyana offshore contracts

Italy’s Saipem has been awarded two new offshore contracts – one for the Scarborough project in Australia and the other for the Yellowtail development in Guyana. Combined, the two contracts are worth $1.1bn.

Japex buys into Vietnamese LNG project

Japan Petroleum Exploration (Japex) will participate in an LNG project in Northern Vietnam after signing a share purchase agreement with Iteco, the project’s promoter, in late December.

Bohai overtakes Daqing as China’s largest oilfield

The Bohai cluster offshore China has overtaken Daqing to become the country’s largest producing oilfield.

Novatek signs Arctic LNG 2 supply agreements with two Chinese firms

Russia’s Novatek announced on January 11 that it had struck separate long-term supply agreements with two Chinese companies – Zhejiang Provincial Energy Group and ENN Natural Gas.

AsianOil: Bohai overtakes Daqing as China’s largest oilfield

The Bohai cluster offshore China has overtaken Daqing to become the country’s largest producing oilfield.

India, Sri Lanka agree to restoration project of WWII-era UK oil tanks

Taliban to deploy 30,000 soldiers to protect TAPI gas pipeline project rollout

MOL to accelerate investment in LNG-fuelled vessels

Japanese shipping company Mitsui OSK Lines (MOL) said on January 5 that it would accelerate investment in LNG-fuelled vessels, as well as offshore wind power, this year as it pursues decarbonisation.

Beetaloo sub-basin sees well result, grant ruling

Australia’s Beetaloo sub-basin has been in the news over the past couple of weeks owing to new well results and a legal battle over grants to a driller.

Karnataka partners with LNG Alliance to develop import terminal

The government of the Indian state of Karnataka has partnered with Singapore’s LNG Alliance and New Mangalore Port Trust (NMPT), a state port in Mangalore, to develop an LNG import terminal.

Bangladesh announces methane hydrate discovery in Bay of Bengal

Bangladeshi Minister of Foreign Affairs AK Abdul Momen said on January 5 that his country may hold “huge” methane hydrate deposits in the Bay of Bengal.

Petronas announces third Balingian Province gas discovery

Petronas Carigali, a subsidiary of Malaysia’s state-owned Petronas, has made a natural gas discovery with the Hadrah-1 wildcat exploration well drilled in shallow waters of Balingian Province, offshore Sarawak.