AsianOil - Asia Oil & Gas
ONGC invests $24bn to meet 2038 net zero target, but oil and gas output to rise
The Oil and Natural Gas Corporation (ONGC) of India said last week that it will invest $24.2bn in several clean energy projects that will help the state-owned company reach its net-zero emissions target of 2038.
Bangchak completes purchase of Esso Thailand
Thailand’s petroleum and energy giant Bangchak Corporation has acquired a 65.99% stake in ExxonMobil Asia Holdings. In the process the firm has acquired Esso Thailand and a sizeable portfolio of Esso petrol stations nationwide.
Japan-US deal on carbon-neutral LNG supply chain moves forward
Houston-based Sempra Infrastructure has agreed a deal with a Japanese consortium to install a carbon-neutral LNG supply chain in the continental USA, with the end product to be shipped back to Japan.
Shell Sarawak delivers first gas from Malaysia’s Timi field
Sarawak Shell Berhad (SSB) announced last week that it has brought first gas into production at the Timi field offshore Sarawak in Malaysia. SSB, a Shell subsidiary, said it is the oil giant’s first wellhead platform powered by hybrid solar and wind.
India’s H-Energy to build a gas transmission line in Bangladesh
Thailand anticipates increased LNG imports as crude oil sources decline
The Thai Energy Policy Office (EPO) anticipates an increase in liquefied natural gas imports as the country's crude oil sources wane.
China considers a return to Syrian oil imports
Reports from China point to the country’s state-owned oil and gas giant Sinopec having made moves to reopen long-ignored oil supply links in Syria.
Gas supply suspension to hit Bangladeshi capital on September 7
Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
Santos offloads minor stake in PNG LNG project to Kumul
Australian oil and gas company Santos Ltd revealed on September 1 that it has finalised the initial sale to Papua New Guinea’s state-run Kumul Petroleum of a 2.6% interest in its PNG LNG project.
Fitch Ratings assigns 'BB' IDR to Binh Son Refining and Petrochemical company
Fitch Ratings has granted a credit rating of 'BB' to Binh Son Refining and Petrochemical Joint Stock Company (BSR) with positive outlook, a Vietnam-based oil refiner.
Malaysia's state-owned energy company Petronas to permanently shut part of Sabah Sarawak gas pipeline amid safety concerns
Petronas, Malaysia's state-owned energy company, has announced its decision to permanently shut down a portion of the Sabah Sarawak Gas Pipeline (SSGP), a vital conduit delivering feed gas to the Petronas LNG Complex.
Bangchak to acquire Esso, boosting rebranding efforts with a THB22bn deal
Bangchak Corporation has announced its acquisition of 2.28bn shares of Esso (Thailand), amounting to 65.99% of the total issued and sold common shares. The transaction is valued at approximately THB22.6bn ($645mn).
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