AsianOil - Asia Oil & Gas
India's ONGC has allocated an exploration capital expenditure budget of INR310bn ($4bn) for the 2022-25 fiscal years. This represents a 150% increase from exploration expenditure of INR206.7bn ($2.7bn) over the last three fiscal years, 2019-22.
Malaysian offshore contractor Bumi Armada said this week that it had received an extension for the delivery of a floating production, storage and offloading vessel to India.
Australia’s federal election has resulted in a change of government following a victory by the Australian Labor Party.
Two South Korean companies signed sale and purchase agreements (SPAs) this week to buy LNG from international sellers – France's TotalEnergies and the US' Cheniere Energy.
Australia’s federal election, held on May 21, has resulted in a change of government following a victory by the Australian Labor Party (ALP).
Russia’s state-owned tanker operator Sovcomflot (SCF) is still attracting business, with a surge of recent bookings from Russian clients partially making up for the loss of Western clients in the wake of the invasion of Ukraine.
China's spending on Russian crude oil, natural gas and coal jumped by more than 75% year on year to $6.42bn in April, according to data from Chinese customs data.
Transocean recently held a naming ceremony for its Deepwater Atlas drillship in Singapore. The company posted about the ceremony on LinkedIn this week, noting that the Deepwater Atlas was the world’s first eight-generation drillship.