AsianOil - Asia Oil & Gas

1 April 2023

Australian lower house passes emissions reduction plan

30 March 2023

Australia’s lower house of Parliament on 27 March passed an emissions reduction plan that would limit the country’s greenhouse gas emissions and thus affect the operations of existing high-carbon producing facilities.

PTTEP yet to receive request to stop sending funds to Myanmar's junta government

30 March 2023

The Myanmar government (NUG) had demanded PTTEP suspend payments from gas produced at its Yadana and Zawtika fields offshore Myanmar to state-controlled Myanmar Oil & Gas Enterprise (MOGE) and deposit future revenues into an account held by the NUG.

Brookfield, EIG to acquire Origin for $12.4bn

30 March 2023

Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.

Southeast Asia set for $5bn of M&A action in next two years

30 March 2023

Southeast Asia is expected to see significant mergers and acquisitions (M&A) activity in the upstream sector over the next two years, according to research by Rystad Energy, with over $5bn worth of assets available for purchase.

Aramco expands downstream presence in China

30 March 2023

Aramco this week announced the investment of billions of dollars as part of its push for downstream growth in China, highlighting the company’s goals to expand in Asia.

Carrier sale in Korea sends ripples through local, foreign LNG industry

29 March 2023

South Korea’s premier LNG shipping firm, Hyundai LNG Shipping (HLS), has seen its leading investor put 100% of its stake in the regional carrier powerhouse up for sale.

Gazprom LNG supplies to GAIL India to resume

28 March 2023

A one-time subsidiary of Russian energy giant Gazprom is set to resume a long-standing LNG supply contract to GAIL India.

India considers building strategic LNG reserve

28 March 2023

India is giving thought to creating a strategic reserve for LNG following serious supply storages and price fluctuations during the Covid pandemic and the war in Ukraine, according to the finance director at Petronet, Vinod Kumar Mishra.