AsianOil Top Story archive

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Odisha State has withdrawn tax incentives for state-run Indian Oil’s 345.5 billion rupee (US$5.18 billion) Paradip refinery, which could force the NOC to reconsider any further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

11 January 2016, Week 01 Issue 557

Indonesia’s state-owned Pertamina intends to boost its upstream investment by 42.3% year on year in 2017 to achieve its production targets, a senior company official has said.

14 December 2016, Week 49 Issue 555

ExxonMobil’s Indonesian unit has reapplied for regulatory permission to hike crude output during 2017 at the Banyu Urip field in Cepu block despite having previously being turned down on...

30 November 2016, Week 47 Issue 553

State-owned Indian Oil intends to invest US$5.5 billion to raise the capacity of its smallest refinery, located at the town of Nagapattinam, from 20,000 bpd to 300,000 bpd, company chairman B...

23 November 2016, Week 46 Issue 552

New Zealand Oil & Gas (NZOG) is to sell its 15% interest in the offshore Kupe natural gas field and production station to compatriot Genesis Energy for NZ$168 million (US$118.9 million).

16 November 2016, Week 45 Issue 551

Indonesia’s state-owned Pertamina has reported a major increase in net profits for the first nine months of this year owing to what it described as “enhanced efficiency”.