AsianOil - Asia Oil & Gas
Japan issues thinly veiled threat to Australia on LNG exports
The Japanese government has made what is being seen as a thinly veiled threat to authorities in Canberra on Tokyo’s future involvement in large-scale LNG exports from Australia.
Senex, EnergyAustralia strike deal on gas supplies from Atlas project
Senex Energy, majority-owned by Posco International, revealed on July 3 a conditional agreement with EnergyAustralia, a utility company, for the supply of 24 PJ of natural gas from its proposed Atlas expansion project in Queensland's Surat basin.
Malaysia foresees decline in hydrocarbon production in 2024
Petronas has forecast that its hydrocarbon production will peak at around 2mn boepd next year. Malaysia’s state-owned oil and gas company said it would remain committed to production in country, but was also seeking foreign assets.
Wood lands $250mn contract with Shell JV in Brunei
UK-based Wood has landed a contract extension valued at $250mn from Brunei Shell Petroleum (BSP), the Southeast Asian country’s largest energy producer, the company announced this week.
Thailand boosts output from Erawen gas field
The director-general of the Department of Mineral Fuels, Sarawut Kaewtathip, told media that PTTEP’s Energy Development report had said gas output from the Erawan field had risen from 210mn cubic feet per day to 400 mmcf per day.
Australian East Coast to enjoy surplus of gas supply in 2024
The Australian Competition & Consumer Commission (ACCC) confirmed last week in a report that the east coast gas market will enjoy a surplus of supply through to 2024, despite past fears.
China’s appetite for LNG increases as Beijing just keeps on importing
China is on track to push its oil consumption figures past those of the US by 2034, according to a report released by the US Energy Information Administration.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Reliance, BP launch MJ gas field off India's east coast
The MJ field is a high-pressure and high-temperature (HPHT) gas and condensate field, with an anticipated peak output of around 12mn cubic metres per day of gas and 25,000 barrels per day of condensate.
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