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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)
ONGC seeks upstream tax relief
India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly appealed to the government for tax relief as its core business comes under pressure from the oil and gas price crash.
Sino-Kazakh venture to build pipe factory
China and Kazakhstan are set to begin building an oil and gas pipe factory in Almaty in the second quarter, after the project was quietly shelved two years ago.
Sinopec starts up Sri Lankan bunkering operations
China’s state-run Sinopec has announced the official launch of bunkering operations at its oil depot at the port of Hambantota in Sri Lanka.
IOC awards Barauni refinery upgrade contract to L&T
State-run Indian Oil Corp. (IOC) has awarded international engineering company Larsen & Toubro (L&T) a contract to expand the capacity of the Barauni refinery in the eastern state of Bihar.
Pertamina to expand crude production by 1.8% this year
Indonesia’s state-run Pertamina has said it intends to increase its crude oil production by 1.8% this year, doubling down on its previous statement that the oil price crash would not affect its drilling plans for 2020.
Origin increases stake in Beetaloo Basin shale gas project
Australian developer Origin Energy will increase its stake in the Beetaloo Basin shale gas project in exchange for covering a larger share of junior partner Falcon Oil and Gas’ cost obligations.
US LNG exports to China resuming thanks to tax waivers
Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.
Global oil storage facilities near capacity
The unprecedented glut in global oil supply has tested storage capacity to the limits, driving the world’s biggest producers to negotiate a truce this year and curb their output.
Trump signals Russia-Saudi truce
Woodside postpones FIDs on LNG projects amid downturn
Australia's Woodside Petroleum is postponing final investment decisions on three LNG projects – the Scarborough offshore gas development, Browse LNG and Train 2 at the existing Pluto LNG facility.
Russia, Saudi Arabia agree to slash oil production, Trump claims
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
Pavilion calls for industry standard on GHG emissions
Singapore’s Pavilion Energy is asking potential suppliers to work on developing an industry standard for greenhouse gas emissions from LNG.
Saudi oil surge and the threat to the energy transition
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
PetroVietnam cuts salaries
State-owned PetroVietnam has said it will cut employee salaries as it reduces costs in response to the international oil price crash.
AEMO warns of gas supply shortfalls
Australia’s East Coast gas market is on track to experience natural gas shortages within the next five or so years, a new report by the Australian Energy Market Operator (AEMO) has warned.
ONGC calls for an end to Indian gas price controls
India’s state-run Oil and Natural Gas Corp. (ONGC) has called on the government to remove price controls on locally produced natural gas.
Cooper unfazed by oil price crash, coronavirus pandemic
Australian junior Cooper Energy has said its business model will be largely unaffected by both the oil price crash and the coronavirus (COVID-19) pandemic.
Australia’s 3D Oil secures work programme extension
Australia’s offshore licensing body has granted 3D Oil a 21-month extension to its work programme in the WA-527-P crude oil play, which lies in the offshore Bedout sub-Basin.
Sinopec trims 2020 capex, expands upstream budget
China’s state-run Sinopec has announced plans to trim its 2020 capital expenditure by 2.5% year on year to CNY143.4bn ($20.19bn).
McDermott confirms start-up of ONGC deepwater well
India’s state-owned Oil and Natural Gas Corp. (ONGC) has brought its first deepwater natural gas well at the KG-DWN-98/2 block on stream.
China capitalises on Saudi-Russian price war
Oil prices take another tumble
Putin clears Gazprom to proceed with pre-investment phase of next gas pipeline to China
Pakistan’s falling fuel demand could hit upstream operators
The coronavirus (COVID-19) pandemic is reportedly depressing Pakistan’s fuel demand to the point where the country’s upstream may have to trim its production of crude oil.
Pertamina approves Indonesia Energy’s drilling plan
Upstream junior Indonesia Energy said this week that state-owned Pertamina had approved its technical programme and drilling budget for the onshore Kruh Block.
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