AsianOil - Asia Oil & Gas
Petronas announces six discoveries offshore Sarawak
Petronas Carigali, a subsidiary of Malaysian state-owned energy company Petronas, announced on 21 July that it has made six oil and gas discoveries in five offshore blocks off the coast of Sarawak.
Vietnam to build oil, gas storage system by 2030
The Vietnamese government has approved a master plan for the creation of a national oil and gas storage system with a view to having it complete by 2030 at a cost $11.42bn.
Saudi Aramco completes purchase of Rongsheng stake
Saudi Aramco has successfully completed a transaction to acquire a 10% stake in China’s Rongsheng Petrochemical Co. (Rongsheng) for $3.4bn through a subsidiary located in the Netherlands, Aramco Overseas Company BV.
Asian oil demand will lead to “serious problems” in the second half of the year, says IEF
With China having imported record-breaking amounts of Russian oil during the first six months of the year and demand from India increasing at a similar breakneck speed, The IEF's Joseph McMonigle says that oil markets will have “serious problems".
AsianOil: Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Novatek to raise LNG supplies to Japan
Russian natural gas producer Novatek plans to ship over 2mn tonnes per year of LNG from the Arctic LNG 2 plant, Reuters reported on July 21.
ExxonMobil plans to double LNG production by 2030
ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.
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