AsianOil - Asia Oil & Gas
Oil’s roller-coaster increasingly dependent on China – for now
When some of the most severe lockdowns seen anywhere during the pandemic were finally lifted earlier this year, hope spread around the world that China’s rush to get back to the pre-pandemic ways would send markets and demand for oil soaring.
Chevron Australia decommissions infrastructure at Thevenard Island, restores habitat
Chevron Australia announced last week that it has completed the decommissioning of oil and gas infrastructure at Thevenard Island and has taken measures to restore the remote island’s habitat.
Pakistan uses Chinese yuan for Russian oil purchase, no ‘special’ discount
Pakistan is paying for its first delivery of sanctioned Russian crude oil with Chinese currency, Petroleum Minister Musadik Malik said last week after the arrival in Karachi of a tanker carrying 45,000 tonnes of Urals.
ONGC-Indian Oil deal could shake up subcontinent’s petrochemical make-up
India’s main oil producer has agreed a deal with the nation’s single most influential refining firm to help boost petrochemical output across the subcontinent.
Beijing-Riyadh links boosted by $10bn refinery project in China
In a bid to strengthen its relationship with China, the government of Saudi Arabia has announced a number of energy deals including a huge $10bn refinery deal.
Asian spot LNG prices hit 3-month high
Asian spot LNG prices surged to a three-month high on June 16, Reuters reports. The rise in price reverses a multi-week drop as high temperatures in north-east Asia have boosted cooling demand.
Bangladesh to sign LNG supply deal with Oman
Petrobangla, Bangladesh’s state-owned national gas company will agree to a long-term supply deal of additional LNG stocks with Oman Trading International, an official at Petrobangla told Reuters on June 19.
Rosneft eyes oil supply deals in upcoming tender
Russia’s largest oil producer Rosneft is near to clinching long-term deals to sell significant quantities of crude internationally, the Wall Street Journal reported on June 15, citing sources.
Kazakhstan, China expand oil and gas ties with raft of new deals
Kazakhstan has struck a number of deals this month to expand co-operation with China in the oil and gas industry, as Astana seeks closer ties with Beijing while reducing its reliance on Moscow.
Russia continues to court oil buyers in China and India as Sakhalin beckons
In a move initiated by the local head of the Russian island of Sakhalin, companies in China and India have been invited to consider investing in the region’s infrastructure.
China’s drive back to the Cretaceous in search of oil and gas
Chinese engineers have started to dig an 11-km deep borehole in the Taklimakan Desert, a part of the disputed Xinjiang Region in north-west China, in search of oil and gas.
Singapore sees surge in ship bunkering demand in May
Monthly sales of marine fuel in Singapore, the world’s largest ship refuelling hub, spiked at a five-year high in May, official data revealed.
Sri Lanka fuel deal to guarantee stable supply to energy stricken island
The government in Sri Lanka has agreed a deal with a US firm to guarantee a stable fuel supply to the island as part of a collaboration with Shell and a US fuel distributor.
Australia's Pilot, Norway's KNCC, team up on CCS project offshore Australia
Australian oil and gas firm Pilot Energy and Norwegian tech firm Knutsen NYK Carbon Carriers (KNCC) have signed an MoU on organising a solution for marine transport and offshore injection of CO2 at the Cliff Head CCS project off Perth, Australia.
Russia resumes oil exports to North Korea
Malaysia's Bumi Armada reports weaker earnings for Q1
Malaysian oilfield services provider Bumi Armada experienced a decline in revenue during the first quarter of the year, with a decrease from MYR605mn ($130.8mn) to MYR544mn ($116.7mn).
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