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China’s state-run Sinopec Corp., Asia’s largest refiner, saw its first-half net profit shrink 24.7% year on year to CNY31.34bn yuan ($4.38bn) on the back of heightened domestic competition.
A consortium led by Italian major Eni has won an offshore exploration block in Indonesia’s second bid round of conventional fields for 2019.
The Indian government has offered seven new exploration acreages under the fourth Open Acreage Licensing Policy (OALP) bid round as it strives to boost a steady decline in national oil and gas production.
India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.
India’s state-run Oil and Natural Gas Corp. (ONGC) intends to drill 46 exploration wells in 12 onshore blocks in Gujarat State.
India’s efforts to spur consumption of natural gas is helping to attract billions in investment, but a growing reliance on foreign supplies is driving the government to review its long-term import contracts.
Indonesia’s state-owned Pertamina saw its first-half net profit soar 112% year on year to US$660mn on the back of lower oil prices and reduced crude imports, finance director Pahala Mansury told reporters on August 26.
Royal Dutch Shell sold its remaining stake in Indian city gas distribution (CGD) company Mahanagar Gas Ltd (MGL) via a block deal on August 20.
India has touted natural gas and renewable energy as the answer to mounting urban air pollution, but structural inefficiencies within the power sector should help coal keep its pole position.
India’s state-run Oil and Natural Gas Corp. (ONGC) has unveiled plans to double its oil and gas production by 2040 while also tripling its revenue.
Indonesia-focused Conrad Petroleum has contracted a jack-up drilling rig for a two-well programme at its Duyung production-sharing contract (PSC) after securing government approvals for the development earlier this year.
Shenzhen Gas has said it will launch operations at its wholly owned liquefied natural gas (LNG) import terminal in southern China’s Shenzhen City this week.
South Korea and Japan’s ongoing trade dispute could lead Seoul to ban kerosene exports to its neighbour ahead of the winter heating season, driving up prices for Japanese buyers in the process.
After several months of mixed messaging from the Papua New Guinea (PNG) government, the future of the Papua LNG project is once more unclear.
Australian developer Oilex has filed a $23.3mn counterclaim against the Timor Leste government relating to an ongoing dispute over an offshore production-sharing contract (PSC).
Two CNPC subsidiaries have dropped plans to import several cargoes of Venezuelan oil in light of the US government’s new sanctions on Caracas.