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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.
Australia developer Santos is planning to slash capital expenditure this year and delay a major natural gas development owing to the oil price collapse.
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.
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 has said it intends to boost its capital expenditure by 18% year on year in 2020.
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.
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
China's Yantai LNG Group has been given government approval to build an LNG terminal in Shandong Province.
The oil price crash has prompted PetroVietnam not only to review its spending but also to consider whether it should begin stockpiling crude.
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.
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.
Australia-listed developer Oil Search has slashed its projected capital and investment expenditure for 2020 in response to falling international oil prices.
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.
China’s state-run Sinochem Group has reportedly refused to buy crude oil from Russia’s state-run Rosneft.
Australia’s southern state of Victoria has announced that it will lift its moratorium on conventional onshore gas exploration from July 2021.
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.
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%.
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.
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.
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.
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.