AsianOil - Asia Oil & Gas

India’s state-owned oil companies set to spend $14.7bn over 2022-23 financial year

India’s leading state-owned oil and gas companies – on both the upstream and downstream side – are set to spend nearly INR1.1 trillion ($14.7bn) over the 2022-23 financial year, which begins in April.

Mitsubishi to build world’s first liquefied CO2 carrier serving CCUS

Mitsubishi Shipbuilding, a division of Mitsubishi Heavy Industries (MHI) Group, announced this week that it had signed a contract with Sanyu Kisen to build a demonstration vessel for the transportation of liquefied carbon dioxide (LCO2).

Sinopec completes China’s first million tonne CCUS project

China’s Sinopec said on January 29 that it had completed construction of the country’s first carbon capture, utilisation and storage (CCUS) project with a capacity of over 1mn tonnes per year (tpy).

Petronas steps up CCS push

Malaysia’s Petronas has signed an MoU with JAPEX on carbon capture and storage collaboration, in the latest of a series of announcements relating to the technology.

Japanese government moves to offset soaring oil prices

Woodside joins Myanmar exodus

Australia’s Woodside announced on January 27 that it would withdraw from its operations in Myanmar.

BNEF: global investment in energy transition reached $755bn

OPEC+ makes quick decision but adding production will be harder

Malaysia launches 2022 licensing round

Malaysia’s state-owned Petronas launched the country’s 2022 licensing round on January 27.

Russia reportedly sees participation in TAPI project as "politically attractive"

AsianOil: Malaysia launches 2022 licensing round

Malaysia’s state-owned Petronas launched the country’s 2022 licensing round on January 27.

West-Africa focused FAR Ltd attracts another takeover bid

FAR Ltd, an Australian company focused on upstream projects in West Africa, reported on January 31 that it had received a takeover bid from the boutique investment management firm Samuel Terry Asset Management.

New Zealand passes changes to decommissioning rules

The government of New Zealand has passed the Crown Minerals (Decommissioning and Other Matters) Amendment Bill. While the legislation has yet to be finalised, it is expected to change the decommissioning obligations of oil and gas permit holders.

L&T wins subsea pipeline contract from ONGC

L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro, said on January 28 that it had secured a contract from state-owned Oil and Natural Gas Corp. (ONGC).

KUFPEC unveils gas and condensate discovery offshore Indonesia

Kuwait Foreign Petroleum Exploration Co. (KUFPEC) announced on January 23 that it had made a commercial gas and condensate discovery offshore Indonesia.

SHI wins approval for onboard carbon capture technology

South Korea’s Samsung Heavy Industries (SHI) said this week that it had received approval in principle (AIP) from the Korean Register of Shipping for a newly developed onboard carbon capture system.

Petronas marks 1,000th LNG delivery via VPS

Malaysia’s Petronas said on January 26 that it had completed its 1,000th LNG delivery via its Virtual Pipeline System.