Latest Stories

China’s crude consumption slumps under coronavirus crisis

3 February 2020

China’s oil demand has fallen by 3mn barrels per day in the wake of the ongoing coronavirus crisis, Bloomberg reported on February 3.

Coro walks away from Indonesian farm-in deal

3 February 2020

UK-listed junior Coro Energy has ditched plans to acquire a 42.5% interest in the Bulu PSC offshore Indonesia, with the company citing a significantly increased risk attached to the deal.

Malaysian state calls on Petronas to up its social contributions

3 February 2020

Malaysia’s Sarawak State has called on state oil major Petronas to pay a social windfall tax when international oil prices top $100 per barrel.

Australia signs energy deal with NSW

3 February 2020

The Australian government has agreed to provide AUD2bn ($1.34bn) of funding for energy infrastructure projects in the state of New South Wales in return for local authorities promising to boost natural gas supply for domestic users.

MPCL, POL win Pakistani licence

3 February 2020

The Pakistani Petroleum Division has awarded a petroleum concession agreement (PCA) and exploration licence for the onshore Taung block to Pakistan Oilfields Ltd (POL) and Mari Petroleum Company Ltd (MPCL).

Oilex sells Australian, Indian assets

3 February 2020

Australian independent Oilex has agreed to sell newly acquired assets in Australia as well as a production-sharing contract (PSC) in India as it shifts its focus to exploration plays in the UK.