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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)
Diamond Offshore sues Beach over rig cancellation
Houston-based Diamond Offshore Drilling is suing Australian independent Beach Energy in a US court over an alleged breach of contract relating to the Ocean Onyx rig.
Galilee prepares to spud Glenaras well
Australian junior Galilee Energy is preparing to spud a well at its Glenaras coal-bed methane (CBM) project in Queensland’s Galilee Basin after completing its initial exploration programme at the Kumbarilla project.
Sabah allows Petronas to resume operations
Malaysia’s Sabah State has granted national oil company (NOC) Petronas permission to resume operations at several key facilities.
Thailand provisionally supports LNG stockpiling idea
The Thai government has said given its provisional support to the idea of storing imported liquefied natural gas (LNG) in gas fields in offshore gas fields.
India’s LNG imports soared in March
India’s imports of liquefied natural gas (LNG) soared 20.4% year on year in March to 2.87bn cubic metres, while production shrank by 14.4% to 2.41 bcm.
HOEC buoyed by shallow-water well tests
Hindustan Oil Exploration Co. (HOEC) has announced a successful production test at its second well in shallow-water Block MB/OSDSF/B80/2016 (B-80) off India’s west coast.
China’s imports of Russian oil soared in March
China’s purchases of Russian crude soared in March as the country’s refineries sought to capitalise on bargain basement pricing.
PetroVietnam unable to stockpile cheap oil
State-owned PetroVietnam has said that it is unable to capitalise on low international crude oil prices owing to limited storage capacity.
Sinopec Northwest resumes normal gas supply to WEP
China’s state-run Sinopec Northwest Oilfield has fully resumed its supply of natural gas produced from fields in the Xinjiang region to the West-East Pipeline (WEP).
AGIG mulls midstream investment at gas project offshore Victoria
Australian Gas Infrastructure Group (AGIG) may join a AUD200mn ($126.8mn) development of midstream gas infrastructure necessary to commercialise the Golden Beach gas production and storage project off Victoria’s coast.
Jadestone plays it safe in 2020 after record 2019
Singapore’s Jadestone Energy saw its production, revenue and profit skyrocket in 2019 as it finally managed to enjoy the fruits of its labour at the Montara oilfield offshore Australia.
Qatar picks Chinese yard to build LNG carrier fleet
State-run China State Shipbuilding Corp. (CSSC) and state-owned Qatar Petroleum have signed a contract that will see the Chinese company build a new fleet of liquefied natural gas (LNG) carriers for the Middle Eastern gas giant.
ONGC pressures government over tax relief issue
India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly asked the government once again for tax relief as low oil prices push its upstream division into the red.
Beach’s Q3-FY20 production climbs, revenue slides
Australian independent Beach Energy increased its production in the third quarter of financial year 2019-2020 by 8% quarter on quarter to 6.9mn barrels of oil equivalent (76,700 boe per day).
Pertamina cuts 2020 production targets
Indonesia’s state-owned Pertamina has reduced its oil and gas production target for 2020 by 3% to 894,000 barrels of oil equivalent per day (boepd), CEO Nicke Widyawati revealed on April 20.
Examining the WTI collapse
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
Arrow Energy JV sanctions Surat gas project
The Arrow Energy joint venture, comprising Royal Dutch Shell and PetroChina on a 50:50 basis, has sanctioned the first phase of the Surat gas project in Queensland, Australia.
UPDATED: Oil prices fall to less than zero for the first time in history
Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.
Shell, GCL considering Chinese LNG joint venture
Privately owned Chinese company GCL Oil & Natural Gas has signed a framework agreement with super-major Royal Dutch Shell to explore a potential joint venture to market and trade LNG.
LNG market bracing for inevitable shut-ins
LNG shut-ins are thought to be looming, and some regions where the fuel is produced are more vulnerable than others.
China’s imports continue to rise
China’s oil imports continued to rise in the opening months of the year, despite falling domestic demand and rising output from local fields.
OMV hits oil and gas offshore NZ
Austrian developer OMV has struck oil and gas at its Toutouwai-1 exploration well offshore New Zealand’s Taranaki region, the company said on March 14.
ExxonMobil suspends drilling offshore Victoria
US super-major ExxonMobil will suspend its drilling programme offshore Australia’s southern state of Victoria in response to the coronavirus (COVID-19) pandemic, the company said this week.
Santos agrees to Barossa stake sale with JERA
ONGC delays FPSO charter extension
India’s state-run Oil and Natural Gas Corp. (ONGC) has delayed extending the charter contract for a floating production, storage and offloading (FPSO) vessel that is set to expire on April 19.
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