AsianOil - Asia Oil & Gas
Asian refiners reap record profits on high demand, tight supply
Asian refiners were reported as seeing their highest ever profits this week.
SK earthon takes on operatorship of block offshore Malaysia
SK earthon, a unit of South Korea’s SK Innovation, has taken on the operatorship of Block SK427 off the coast of Sarawak, Malaysia.
Myanmar’s E&P exodus continues
Petronas and PTTEP have announced their withdrawal from the Yetagun gas project in Myanmar, though PTTEP will continue to participate in other projects in the country.
Oil demand in China plummets
KOGAS strikes deal for US LNG supply with BP
State-owned Korea Gas (KOGAS) has struck a deal to buy US-produced LNG from BP.
Petronas, Sabah sign MoU on nearshore FLNG development
Petronas and Sabah Oil & Gas Development Corp. (SOGDC) have signed a memorandum of understanding on the development of a nearshore floating LNG facility in the Malaysian state of Sabah in Borneo.
CNOOC confirms end to Flemish Pass Basin exploration
China National Offshore Oil Corp. (CNOOC) has confirmed to Canadian media that it is exiting the Flemish Pass Basin offshore Newfoundland and Labrador.
France’s GTT wins LNG tank design contract from SMI
France’s GTT has won a contract from South Korean shipbuilder Samsung Heavy Industries (SMI) to design for tank for a new LNG Carrier (LNGC).
AsianOil: Petronas, Sabah sign MoU on nearshore FLNG development
Petronas and Sabah Oil & Gas Development Corp. (SOGDC) have signed a memorandum of understanding on the development of a nearshore floating LNG facility in the Malaysian state of Sabah in Borneo.
COMMENT: Russia poised to exploit Mongolia on Soyuz–Vostok pipeline
Moscow is working to secure Mongolia as a junior partner for a new strategically important natural gas pipeline to China.
Asian buyers grapple with whether to keep buying Russian oil
Asian buyers are faced with the dilemma of whether to continue buying Russian oil, which is currently selling at a discount as Western sanctions against Russia remain in place.
Maersk secures Ichthys extension, announces rig sale
Maersk Drilling has secured a one-year contract extension for its Maersk Deliverer rig at the Ichthys field offshore Western Australia. Separately, it also said it had agreed to sell the benign environment Maersk Convincer jack-up rig.
Apus-1 well comes up dry for Santos, Carnarvon
The Apus-1 in the Bedout sub-basin offshore Western Australia has been reported to be a dry hole.
CNOOC Ltd shares soar in Shanghai Stock Exchange debut
Shares in China’s CNOOC Ltd jumped 44% in their debut on the Shanghai Stock Exchange on April 21.
Indonesia’s first-quarter production below target
Indonesia’s oil and gas production came in below target during the first quarter of 2022, it emerged this week.
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