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Read a recent issue cover to cover (click the image below)
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
China’s LNG imports hit record high for February
China’s LNG imports rose to a record high for the month of February amid struggling LNG prices in Asia.
India receives from 1 to 1.4mn barrels of oil per day from Russia — Indian Oil Ministry
According to Pankaj Jain, Secretary of the Indian Ministry of Petroleum and Natural Gas, India maintains a consistent import of 1 to 1.4mn barrels of oil per day from Russia, out of its total energy imports averaging 5mn barrels per day.
PGN and Conrad Energy Asia forge a collaboration for LNG development in Aceh
PT Perusahaan Gas Negara, the gas sub-holding of Pertamina, has embarked on a collaboration with Conrad Energy Asia Ltd, marking a milestone in the energy sector
ExxonMobil kicks off Banyu Urip field optimisation programme to boost oil production
ExxonMobil Cepu Ltd has commenced an optimisation programme for the Banyu Urip field development in the Cepu Block, Bojonegoro, East Java.
Shell announces construction of grease manufacturing plant in Indonesia
Multinational oil and lubricant company Shell has announced that they are currently building their first grease manufacturing plant in Indonesia.
Pertamina EP Zone 7 unveils drilling plans to boost oil and gas production
Pertamina EP Zone 7, operating as the contractor under the cooperation contract for upstream oil and gas activities in the western part of Java, has announced initiatives to ramp up drilling operations throughout 2024
Philippines' leading energy firms collaborate on $3.3bn LNG facility
Three prominent Philippine energy firms have joined forces for the creation of a significant integrated LNG power facility, marking the first-time collaboration among them, the companies announced on March 3
Santos signs up to emission-cutting initiatives
Australia’s Santos announced last week it had joined two climate change initiatives aimed at curbing methane emissions and eliminating routine flaring.
Malaysia dishes out two more production-sharing contracts
Malaysia has signed production-sharing contracts for two discovered resource opportunities off its coast.
Asian implications of Biden's LNG pause
While the majority of US LNG currently goes to gas-starved Europe – 67% last year versus only 26% to Asia – the pause has no bearing on existing supply but on export projects due to enter service in the late 2020s.
Sakhalin Energy offers China a short-term annual deal of 12 LNG cargoes
Sakhalin Energy, the Russian energy company, has proposed a deal to supply Chinese buyers with 12 shipments of LNG annually for a period of three to five years.
Thai quest to increase LNG use sees groundbreaking shipment to Hin Kong Power Plant
Thailand's Gulf Energy Development has marked the arrival of its inaugural LNG shipment to supply the Hin Kong Power Plant west of Bangkok, as stated in the company's 2023 results report released on February 20.
PT Kilang Pertamina International reports increased crude oil processing in 2023
PT Kilang Pertamina International processed over 340mn barrels of crude oil throughout 2023, marking a slight uptick from the previous year's figure of 321mn barrel, marking a slight uptick from the previous year's figure of 321mn barrels.
Japan increases the size of its stake in the Scarborough LNG project
Japan has signalled its apparent confidence in Australian gas by doubling down on investments in Woodside Energy’s Scarborough project in Western Australia.
Philippines opens bidding round for energy exploration blocks
Lack of shipping capacity thwarts Russian LNG ambitions
Western sanctions are thwarting Russia’s planned expansion in the global LNG market.
Woodside CEO: LNG demand to soar 50% in next decade
Australia’s Woodside Energy Group forecasts LNG demand to skyrocket 50% over the next decade, the firm’s CEO Meg O’Neill told Bloomberg in an interview on February 27.
In Bangladesh, refiners want VDS waiver on burnt oil purchase
Local lubricant refiners are calling for the waiver of Value Added Tax deduction at the source of the purchase of burnt oil, an essential raw material for their operations, to ensure the viability of their re-refining units.
British Harbour Energy and UAE Mubadala Energy advance gas exploration in Andaman Sea
A joint endeavour between British and United Arab Emirates oil giants, Harbour Energy and Mubadala Energy, is making strides in the explorations of gas reservoirs in the Andaman Sea in Indonesia through advanced drilling operations
Concerns arise over alleged mismanagement in PT Medco E&P Indonesia's operations
The Centre of Energy and Resources Indonesia has raised concerns regarding PT Medco E&P Indonesia's handling of the Sales Mechanism of State Part Condensate, as observed at Medco Energi Bengkanai Limited Production Sharing Contract.
Gas company CGAS forges partnership to establish 1.5 MMSCFD LNG station
PT Citra Nusantara Gemilang is poised to collaborate with PT GT Ladang Teknik and Jianyang Greenfir New Energy Equipment Co Ltd to construct a 1.5mn standard cubic feet per day Liquefied Natural Gas Station.
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