AsianOil - Asia Oil & Gas
Aramco to potentially invest in Shandong Yulong Petrochemical
Aramco, Shandong Energy Group, Shandong Yulong Petrochemical and Nanshan Group have signed a memorandum of understanding to invite discussions surrounding a potential 10% acquisition of Shandong Yulong Petrochemical by Aramco.
Chevron reaches deal with workers on eve of strikes resuming at Australian LNG plants
Australia’s Offshore Alliance union has agreed to terms on pay and conditions at Chevron’s Gorgon and Wheatstone LNG facilities, ending the possibility of renewed strikes at the plants.
Mozambique expects to sign natural gas development contracts with Eni, CNOOC by December
Thailand’s Bangchak opens nation’s first LNG station
In a pioneering move for the Kingdom, Thailand's energy giant, Bangchak, has inaugurated the nation's inaugural LNG refueling station for regular vehicles.
State-owned Pertamina and Petronas complete acquisition of Shell's stake in Masela Block
PT Pertamina Hulu Energi has partnered with Petronas Masela to finalise the process of acquiring Shell Upstream Overseas Services' 35% participating interest in the Masela Block.
Indonesia's Masela LNG project future uncertain as hybrid approach is considered
The Indonesian Energy and Mineral Resources Minister, Arifin Tasrif, has ignited speculation surrounding the future of the Masela liquefied natural gas project by suggesting a shift toward a hybrid offshore and onshore development system.
China boosts crude inventories, but refined oil export numbers likely to plunge
China's persistent expansion of its crude inventories throughout the first three quarters of the year has averaged out at an estimated 0.7mn bpd.
India opens tenders in new city gas distribution bidding round
India’s gas transit regulator has opened new tenders for licences to supply natural gas throughout five north-eastern states and the union territories of Jammu & Kashmir and Ladakh.
State-owned Pertamina Hulu Energi discovers significant oil and gas resources
State-owned PT Pertamina Hulu Energi (PHE), a subsidiary of Pertamina responsible for upstream operations, has reported significant discoveries through exploration activities in blocks over the past two years.
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
COMMENT: Non-Western tankers carry most of Russian crude exports, G7 oil price cap fails
Three-fifths of Russia's seaborne crude exports are now being shipped by tankers not required to comply with the G7 oil price cap, according to S&P Global data, as the oil price cap sanctions are increasingly seen to have failed.
Major Philippine oil companies announce price cuts on petroleum products
In a move aimed at providing relief to consumers across the nation, several leading Philippine oil companies have implemented a substantial reduction in the prices of their petroleum products.
Global LNG supply diversification sought by Japan as Russia-Ukraine conflict drags on
Amid the ongoing Russian-Ukraine conflict Japanese LNG traders are actively looking for alternative sources in regions like Qatar, Indonesia and beyond.
First welding marks the start of Pertamina gas subholding's oil pipeline construction in Central Java
Pertamina's Gas Subholding, through its subsidiary PT PGAS Solution, in collaboration with PT Pertamina Patra Niaga, conducted the First Welding for the Oil Pipeline Project from Pengapon to Boyolali, aimed at meeting energy needs in Central Java.
Pakistan interested in regular LNG supplies from Russia — minister
Pakistan has expressed its keen interest in securing liquefied natural gas shipments from Russia, as revealed by Russian Energy Minister Nikolay Shulginov during his address at the Russian Energy Week forum.
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