AsianOil - Asia Oil & Gas
India, China among top destinations for dirty Russian oil products
The Asian market remains the main destination for Russian vacuum gasoil (VGO) and fuel oil, as Russian producers have diverted shipments away from Europe since the EU placed an embargo on Russian petroleum products.
APPEA hails Australia's opening up of areas for CCUS exploration
The Australian Petroleum Production & Exploration Association (APPEA) hailed last week the recent opening up of new areas of Australia for the exploration of potential carbon capture, utilisation and storage sites.
South China Sea tensions rise as Chinese vessels remain in Vietnam's EEZ
A Chinese research ship and five escort vessels remained in Vietnam’s exclusive economic zone on May 26 near fields operated by Russian companies in the South China Sea, despite the government in Hanoi urging them to leave on the previous day.
Hibiscus drills Malaysia's longest well
Malaysia’s Hibiscus Petroleum announced this week that it had drilled the country’s longest well at the Bunga Orkid field in the northern part of the PM3 CCA production-sharing contract area.
Vietnam backs gas as the power source of the immediate future
Hanoi has signalled its intent to more than quadruple its existing gas interests by the end of the decade. To do so would guarantee cover for 15% of the nation’s existing energy demand.
Pakistan-Iran gas pipeline issue remains on the table amid looming fine
The testy issue of the long-delayed Pakistan-Iran gas pipeline remains on the table in Pakistan, where the country faces fines amounting to billions of dollars if it does not complete its side of the project and begin taking delivery of Iranian gas.
Russia makes progress on Far Eastern gas supply project to China
Russia appears to be finally headway on finalising plans for a third gas pipeline to China that would run from the Far East, providing a means of monetising unused gas at fields off the east coast of Sakhalin Island.
Kazakhstan’s KMG and Qazaqgaz sign memoranda of cooperation with major Chinese oil firms
Xi presents grand development plan for Central Asia
Some observers conclude, however, that the big event produced lots of rhetoric and little action.
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