AsianOil - Asia Oil & Gas

Inpex raises full-year profit forecast 17%

Japan’s Inpex raised its profit forecast for the whole of 2022 by 17% this week. This came after higher oil prices and the depreciation of the yen against the US dollar boosted the company’s earnings in the first half of the year.

Keppel terminates contracts with three customers

Singapore’s Keppel said last week that it had terminated three contracts with separate customers, relating to construction of two rigs and a liftboat.

Shell postpones Prelude turnaround amid industrial action

Shell said this week that it was postponing planned maintenance on the Prelude floating LNG (FLNG) project offshore Australia.

Senex unveils Surat Basin gas expansion plans

Australia’s Senex Energy has said it will invest more than AUD1bn ($710mn) into an expansion of its Atlas and Roma North gas projects in Queensland’s Surat Basin.

Perspectives | Beijing and Moscow clash over Kazakhstan’s oil

China wants Russia to stop interfering with Kazakh oil exports.

South Korea bumps up LNG spot market purchases

Japanese government urges companies to hold stakes in Russia’s Sakhalin projects

India's Petronet suspends LNG supply talks with Qatar

Panama Canal Authority reports LNG tanker transits down 30% in last nine months

The deputy administrator of the Panama Canal Authority (PCA) has said that the number of LNG tankers passing through the Panama Canal had dropped by nearly a third over the last nine months.

South Asia’s energy crisis set to worsen

The energy crisis gripping South Asia looks set to worsen as fuel suppliers increasingly hold back from selling oil to the region.

PTTEP’s profit up 54% y/y in first half of 2022

Thailand’s state-owned PTT Exploration and Production (PTTEP) has posted a net profit of $918mn for the first half of 2022.

CNOOC completes floatover installation at largest offshore platform

China National Offshore Oil Corp. (CNOOC) said on August 1 that it had completed floatover installation work at the Enping 15-1 platform, which is Asia’s largest offshore platform.

Petronas partners with South Korean firms on CCS opportunities

Malaysia’s Petronas said on August 2 that it had signed a memorandum of understanding (MoU) with six South Korean companies that will see them collaborate on carbon dioxide (CO2) capture, transport and storage.

AsianOil: Petronas partners with South Korean firms on CCS opportunities

Malaysia’s Petronas said on August 2 that it had signed a memorandum of understanding (MoU) with six South Korean companies that will see them collaborate on carbon dioxide (CO2) capture, transport and storage.