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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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Read a recent issue cover to cover (click the image below)
Indian LNG buyers issue force majeure notices
India’s decision to impose a 21-day lockdown this week has reportedly driven the country’s liquefied natural gas (LNG) importers to issue force majeure notices to their suppliers.
Santos slashes spending
Australia developer Santos is planning to slash capital expenditure this year and delay a major natural gas development owing to the oil price collapse.
Oilex’s asset sale to Doriemus at risk
Australian independent Oilex has warned that its planned sale of assets in Australia to Doriemus is unlikely to proceed following the withdrawal of the latter company’s proposed capital raising.
Warrego trims the fat, rejects takeover bid
Australian independent Warrego Energy announced plans this week to reduce its overheads after revealing that it had rejected a takeover offer from Strike Energy.
Sinopec Oilfield Service to boost capex in 2020
Sinopec Oilfield Service has said it intends to boost its capital expenditure by 18% year on year in 2020.
Jadestone freezes Vietnamese gas project
Singapore’s Jadestone Energy has decided to delay the Nam Du and U Minh natural gas project in Vietnam owing to the slide in oil prices.
US considers wading into Saudi-Russia supply war
Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Yantai LNG obtains approval to build import terminal
China's Yantai LNG Group has been given government approval to build an LNG terminal in Shandong Province.
Oil prices collapse as COVID-19 wreaks havoc
PetroVietnam may stockpile oil while prices are low
The oil price crash has prompted PetroVietnam not only to review its spending but also to consider whether it should begin stockpiling crude.
Santos agrees to Darwin LNG, Bayu-Undan stake sale
Australian developer Santos has agreed to sell down its stake in the Darwin liquefied natural gas (LNG) terminal and the Bayu-Undan gas field once its acquisition of ConocoPhillips’ northern Australian gas assets has been finalised.
Indonesia works on low oil price strategy
The Indonesian government is currently trying not only to understand how the international oil price collapse will affect the domestic economy but also what opportunities it creates for the country.
Oil Search slashes budgets in response to price crash
Australia-listed developer Oil Search has slashed its projected capital and investment expenditure for 2020 in response to falling international oil prices.
ONGC begins gas production from KG-D5
India’s state-run Oil and Natural Gas Corp. (ONGC) has begun producing gas from its deep-water KG-DWN-98/2 (KG-D5) block in the Krishna Godavari (KG) Basin.
Sinochem refuses to buy crude from Rosneft
China’s state-run Sinochem Group has reportedly refused to buy crude oil from Russia’s state-run Rosneft.
Australia’s Victoria State lifts onshore conventional gas drilling ban
Australia’s southern state of Victoria has announced that it will lift its moratorium on conventional onshore gas exploration from July 2021.
Chinese crude production could prove too costly
The immediate future of China’s oil production is in question given the hammering that crude prices have taken since the start of the year.
Gazprom shuts down Power of Siberia for maintenance
PetroVietnam’s oil output exceeds government targets
State-owned PetroVietnam said it has exceeded its government-set oil and gas production target for the first two months of the year by 9.3%.
ONGC tests KG-D5 well
India’s state-run Oil and Natural Gas Corp. (ONGC) has tested the first well at its deep-water KG-DWN-98/2 (KG-D5) in the Krishna Godavari (KG) Basin.
Santos makes progress on Narrabri CBM approvals
The New South Wales State government has referred Santos’ Narrabri coal-bed methane (CBM) project to the Independent Planning Commission (IPC) for review, the company announced on March 11.
Senex bullish after Surat Basin results
Australian independent Senex Energy has said it expects to enjoy “transformational” growth over the next few years, after its natural gas projects in Queensland’s Surat Basin outperformed original expectations.
CNOOC mulls internal merger
State-owned China National Offshore Oil Corp. (CNOOC) is reportedly planning to hand control of its natural gas and power division to listed unit CNOOC Ltd.
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