AsianOil Top Story archive

31 August 2016, Week 34 Issue 540

Pertamina’s net profit more than trebled in the first half of 2016 from a year earlier, while the Indonesian NOC’s production jumped 12% year on year in the first seven months.

24 August 2016, Week 33 Issue 539

Pakistan’s GasPort has chosen Singapore’s BW Group to provide a second floating storage and regasification unit (FSRU). BW announced its selection on August 22 for the 15-year contract.

17 August 2016, Week 32 Issue 538

India’s privately owned Essar Oil intends to invest 16 billion rupees (US$239.8 million) to double the capacity of its 20 million tonne per year (400,000 barrel per day) Vadinar refinery in...

10 August 2016, Week 31 Issue 537

Japan’s government has raised concerns about the installation of radar equipment at a Chinese drilling platform near a disputed section of the East China Sea.

03 August 2016, Week 30 Issue 536

Italian contractor Saipem has won two engineering and construction contracts for the Tangguh LNG expansion project in Indonesia.

27 July 2016, Week 29 Issue 535

Vietnamese Deputy Prime Minister Trinh Dinh Dung has called on state-run oil giant PetroVietnam to push ahead with a restructure of its businesses.

20 July 2016, Week 28 Issue 534

US super-major ExxonMobil has offered to buy out Papua New Guinea (PNG) focused InterOil, challenging a takeover bid placed two months ago by Australia’s Oil Search.

13 July 2016, Week 27 Issue 533

South Pacific Resources is preparing to explore for shale oil and gas in Papua New Guinea (PNG), where it is applying for five unconventional petroleum licences covering 75,000 square km.

07 July 2016, Week 26 Issue 600

Russian gas giant Gazprom has rejected China National Petroleum Corp.’s (CNPC) calls to integrate the production and sale of natural gas under a supply contract that will underpin the planned...

06 July 2016, Week 26 Issue 532

Japanese refiner Idemitsu Kosan’s planned merger with smaller domestic peer Showa Shell Sekiyu could be derailed owing to unexpected objections from the founding family.

29 June 2016, Week 25 Issue 531

Japan’s Itochu is teaming up with Chinese oilfield operator CITIC Resources to invest in oil and gas projects as the recovery in oil prices encourages would-be deal makers to act fast.

22 June 2016, Week 24 Issue 530

Kansai Electric Power, Japan’s second largest electric utility by sales, has secured its second LNG carrier as part of its efforts to procure the fuel more flexibly and at lower transportation...

15 June 2016, Week 23 Issue 529

Hardy Oil and Gas has threatened to walk away from India’s offshore PY-3 oilfield unless the government and project partner Oil and Natural Gas Corp. (ONGC) agree to abide by the field’s...

08 June 2016, Week 22 Issue 528

Malaysia’s Sona Petroleum was notified last week by the owners of Western Australia’s Stag oilfield that its planned purchase of the asset had been terminated.

01 June 2016, Week 21 Issue 527

Chevron is reportedly mulling the sale of a 16% stake in the Arthit field offshore Thailand in the Malay Basin. The US super-major, which suffered a US$725 million first-quarter loss, is...