AsianOil Top Story archive

26 April 2017, Week 16 Issue 562

ExxonMobil wants to boost oil production from the Cepu block on Indonesia’s Java Island to 205,000 bpd, local media quoted the US super-major’s field manager, Rexy Mawardijaya, as saying.

19 April 2017, Week 15 Issue 561

Timor-Leste’s state-owned Timor GAP EP and Australian partner Timor Resources have signed two PSCs with government authorities covering onshore Blocks TL-OT-17-08 and TL-OT-17-09. The acreages lie...

12 April 2017, Week 14 Issue 560

Oil giant Saudi Aramco is interested in a stake in India’s proposed 1.8 trillion rupee (US$27.87 billion) refinery in Maharashtra State, Indian Minister of Petroleum and Natural Gas Dharmendra...

05 April 2017, Week 13 Issue 559

Cooper Energy is targeting a slice of the tight gas market in southeast Australia after clearing an FID for its wholly owned Sole gas field on March 29.

29 March 2017, Week 12 Issue 558

India’s crude oil and natural gas production dropped on a year-on-year basis in February, according to the latest figures from the Ministry of Petroleum and Natural Gas.

22 March 2017, Week 11 Issue 557

India’s state-run Oil and Natural Gas Corp. (ONGC) intends to increase its investment in the deepwater KG-DWN-98/2 (KG-D5) block, which lies off the eastern coast of Andhra Pradesh State.

15 March 2017, Week 10 Issue 556

France’s Engie will sell its entire 10% stake in the Petronet LNG joint venture and will hand first right of refusal to its state-owned Indian partners.

08 March 2017, Week 09 Issue 555

Odisha State has withdrawn tax incentives for state-run Indian Oil’s 345.5 billion rupee (US$5.18 billion) Paradip refinery, which could force the NOC to reconsider any further expansion of its...

01 March 2017, Week 08 Issue 554

Struggling Singaporean oil and gas explorer KrisEnergy saw its net loss expand fivefold year on year in 2016 despite cost-cutting efforts and sharp revenue growth driven by increased production....

22 February 2017, Week 07 Issue 553

The Indian government has awarded 31 permits for 44 small and marginal fields, 28 of which are onshore and 16 offshore, under the newly formed revenue-sharing contract (RSCs) model.

15 February 2017, Week 06 Issue 552

Australia’s Santos has launched an exploration probe targeting the Magnama structure offshore the Bay of Bengal under a joint venture with state-run Bangladesh Petroleum Exploration and Production...

08 February 2017, Week 05 Issue 551

The Indian government has moved to exempt overseas firms from paying income tax on the local sale of stock left in the country’s strategic petroleum reserves (SPRs) at the end a company’s storage...

01 February 2017, Week 04 Issue 550

Abu Dhabi National Oil Co. (ADNOC) has won the right to fill half of India’s 11 million barrel strategic petroleum reserve (SPR) in Mangalore, expanding the UAE-based company’s reach for crude...

25 January 2017, Week 03, Issue 559

Indonesia’s Pertamina has unveiled plans to inject around US$54 billion into its upstream business up to 2025 with the aim of almost trebling its energy output.

18 January 2017, Week 02, Issue 558

Two Japanese firms, Marubeni and Itochu, have won a US$2.8 billion contract to build a 430-km gas pipeline in Thailand, state oil and gas monopoly PTT has said.