AsianOil - Asia Oil & Gas
ONGC unveils 150% increase in exploration capex
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.
Bumi Armada receives extension for FPSO delivery to India
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.
Australian election spells new uncertainty for oil and gas
Australia’s federal election has resulted in a change of government following a victory by the Australian Labor Party.
South Korean firms line up LNG supply deals
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.
AsianOil: Australian election spells new uncertainty for oil and gas
Australia’s federal election, held on May 21, has resulted in a change of government following a victory by the Australian Labor Party (ALP).
Rosneft, Gazprom Neft bookings generating new business for Sovcomflot
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.
GAC data show Chinese spending on Russian oil, gas, coal up 75% y/y in April
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 holds naming ceremony for Deepwater Atlas drillship in Singapore
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.
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