AsianOil - Asia Oil & Gas
IEC strikes oil at latest well in Indonesia’s Kruh block
Indonesia Energy Corp. (IEC) announced on May 11 that it had discovered oil at the latest well it has drilled in the Kruh block on Indonesia’s Sumatra Island.
Chevron, ExxonMobil sign separate deals with Pertamina on low-carbon opportunities
Super-majors Chevron and ExxonMobil said in separate announcements this week that they had signed agreements with state-owned Pertamina to explore low-carbon opportunities in Indonesia.
Australia’s LNG export revenue up 95% y/y in April
Australia’s LNG export revenue of AUD5.5bn ($3.8bn) in April represented a 95% year-on-year increase, consultancy EnergyQuest has said in its latest monthly Australian LNG report, released on May 13.
SK E&S invests in US CCS project
Summit Carbon Solutions’ carbon capture and storage (CCS) project in North Dakota received a boost this week on the announcement that South Korean power utility and gas provider SK E&S would invest $110mn in the scheme.
Venture Global announces offtake agreements with ExxonMobil, Petronas
US-based Venture Global LNG announced this week that it had struck separate sale and purchase agreements with ExxonMobil LNG Asia-Pacific and Malaysia’s Petronas.
Japan agrees to G7 ban of Russian oil imports
India lapping up discounted Russian LNG
Chinese yards to stop work on modules for Arctic LNG 2
Chinese yards are reportedly set to halt work on modules for the Novatek-led Arctic LNG 2 project in Russia by the end of May.
AsianOil: Chinese yards to stop work on modules for Arctic LNG 2
Chinese yards are reportedly set to halt work on modules for the Novatek-led Arctic LNG 2 project in Russia by the end of May.
Origin’s revenue from APLNG rises 78%
Australia’s Origin Energy said on April 29 that revenue from its stake in the Australia Pacific LNG (APLNG) project had risen 78% year on year in the quarter up to March 31.
Sacgasco, PSA form Philippines production alliance
Australia-based Sacgasco announced this week that it had formed an alliance with Production Solutions Asia (PSA) covering extended well testing and early production systems in the Palawan Basin offshore the Philippines.
Mitsui writes down value of Russian LNG investments
Japan’s Mitsui & Co. said this week that it had written down the value of its investments in two Russian LNG projects by a combined JPY80.6bn ($617mn).
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