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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)
China reportedly starts consolidating its LNG terminals
The Chinese government has reportedly ordered the country’s three largest state-owned oil and gas companies to hand over control of 10 liquefied natural gas (LNG) terminals to newly created China Oil & Gas Piping Network (PipeChina).
China’s May oil imports set new record
China’s oil imports soared to a new record of 47.97mn tonnes (11.34mn barrels per day) in May, General Administration of Customs (GAC) data showed on June 7. The volume outstrips the previous record of 11.18mn bpd set in November 2019.
Queensland unveils new natural gas royalty model
Australia’s Queensland State has unveiled a new natural gas royalty model that will adopt a volume based approaching to calculating payments rather being index-based.
Sarawak warns Petronas of further legal action
Malaysia's Sarawak State has fired a warning shot across the bow of national oil company (NOC) Petronas, saying that it would resume legal action unless the two sides come to a final understanding over unpaid taxes.
India seeks to capitalise on depressed LNG prices
Iran’s central bank governor warns legal action may be taken to obtain oil money owed by South Korea
Shell reportedly weighs sale of stake in QCLNG
Royal Dutch Shell is reportedly considering selling a stake in the common facilities at its Queensland Curtis LNG (QCLNG) plant in Queensland, Australia.
NSW CBM moratorium advances
New South Wales’ Upper House passed a controversial Bill on June 3 that seeks to ban coal-bed methane (CBM) development within the state.
PNG suspends trading of Oil Search shares
Oil Search revealed this week that Papua New Guinea’s (PNG) market regulator had ordered the National Stock Exchange (PNGX) to suspend trading of the company’s shares.
Jadestone’s first-quarter profits jump 22%
Asia-focused independent Jadestone Energy has reported a 22.4% year-on-year jump in its first-quarter net profit to $13.1mn.
QP reserves South Korean LNG shipbuilding capacity in $19bn megadeal
QP has agreed to reserve LNG shipbuilding capacity with three South Korean shipbuilders in an order worth $19bn as the company pushes on with its gas expansion plans.
Pertamina, CPC close to building West Java petrochemical plant
Indonesia’s state-owned Pertamina and Taiwan’s state-run CPC are reportedly set to build joint petrochemical complex in West Java Province.
OIL struggles to cap gas well blowout
The Indian Ministry of Petroleum and Natural Gas has sent to a team to inspect state-run Oil India Ltd’s (OIL) well in Assam State, which has been leaking natural gas and condensate for more than a week.
Asian LNG prices slump once more
The global oversupply of LNG and the destruction of Asian demand owing to the COVID-19 pandemic have sent spot prices spiralling for a second week.
NRG: Some forward momentum, but overall restraint
Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.
China’s leaders urged to ramp up oil storage
Chinese officials are reportedly calling on the government to ramp up crude oil stockpiling to capitalise on low prices, just days after it emerged that domestic financial investors were doing just that.
Oilex finds new buyer Cooper-Eromanga assets
Australian junior Oilex has found another buyer for its interests in the Cooper-Eromanga Basin after its first deal fell through in April.
Pakistan may cut fuel prices despite refiners’ concerns
Pakistan’s Oil and Gas Regulatory Authority (OGRA) has reportedly called for retail gasoline prices to be reduced despite warnings of a looming fuel shortage.
Indian refinery runs plummet in April
India’s refinery runs fell 28.8% year on year to 14.75mn tonnes (3.6mn barrels per day) in April as the country’s prolonged coronavirus (COVID-19) lockdown drove down oil product demand.
Pertamina to bring Balikpapan refinery back on stream in June
Indonesian national oil company (NOC) Pertamina said this week that it intended to restart its Balikpapan refinery from June 1 as Indonesia weighs up plans to ease or even exit its lockdown.
Santos completes acquisition of ConocoPhillips’ gas assets
Australian independent Santos has completed its acquisition of US super-major ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced upfront price.
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