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World oil markets have found some support over the last week, but companies are still adjusting to the new price environment.
Royal Dutch Shell has agreed to supply two more cargoes of carbon-neutral LNG, as it continues to grow this nascent industry.
The Philippines is studying ways to resume exploration in the contested waters of the South China Sea as it strives both to assert its sovereignty in the area and bolster its energy security prospects.
The Australian government has pledged to more than double its original investment in the Exploring for the Future (EFTF) programme, which aims to promote the country’s upstream potential.
The Japanese petroleum sector is less concerned by OPEC+’s efforts to reduce global crude supply than it is with the widening split in domestic demand for jet fuel and automotive fuels.
The Chinese government has said it wants to increase the country’s crude oil production by 1% to 193mn tonnes (3.87mn barrels per day) this year and its natural gas output by 4.3% to 181bn cubic metres.
Malaysia’s Court of Appeal has adjourned until August 3 Petronas’ case against a High Court decision that Sarawak State can levy sales taxes on petroleum products.
India’s crude imports reportedly slumped to a nearly nine-year low last month as refiners slashed run rates in response to the months-long coronavirus (COVID-19) lockdown.
While Indonesia’s state-owned Pertamina has revealed a slight decline in last year’s production, the developer remains confident that new reserve additions will help lift its output.
Thailand’s PTT Exploration and Production (PTTEP) intends to use the oil and gas industry’s current downturn to expand its upstream portfolio, despite having been forced into slashing its own budgets earlier this year.
Welcome to the seventh edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
Japanese LNG demand is not expected to recover fully this year, owing to the ongoing economic fallout from the country’s coronavirus (COVID-19) lockdown coupled with higher than normal stockpiles of the fuel.
Australian oil and gas developer Santos has revealed that its controversial Narrabri coal-bed methane (CBM) project has taken another important step forward.
Australia Pacific LNG (APLNG) is set to buy out its junior partner in a coal-bed methane (CBM) development project in Queensland’s Surat Basin.
Indonesia’s deteriorating upstream performance has forced the government to rethink state-owned Pertamina’s future, unveiling plans that will see the company’s operations compartmentalised and even opened up to private investment.
The launch of India’s first natural gas exchange, coupled with recent changes to regulations governing liquefied natural gas (LNG) refuelling stations, should help boost the super-chilled fuel’s market penetration.
State-owned Oil India Ltd’s (OIL) oil and gas production has been hampered by protests in Assam State over an ongoing fire at the company’s Baghjan natural gas and condensate field.
ExxonMobil could be considering a major investment in Vietnam’s gas-fired generating sector
Australian independent Senex Energy has announced the completion of its drilling programme at its Surat Basin natural gas projects.
Indonesia’s state-owned Pertamina has said it is looking for new partners to help it develop two major downstream projects after Saudi Aramco and Oman’s Overseas Oil and Gas (OOG) exited the projects.
Pakistan’s investigation into allegations that the country’s oil marketing companies (OMCs) have orchestrated a national shortage of gasoline could lead to the prosecution of two company heads.
The Chinese government has reportedly ordered the country’s three largest state-owned oil and gas companies to hand over control of 10 liquefied natural gas (LNG) terminals to newly created China Oil & Gas Piping Network (PipeChina).