AsianOil Top Story archive

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...

25 May 2016, Week 20 Issue 526

Petronas’ first-quarter net profit sank 60% year on year to 4.6 billion ringgit (US$1.12 billion) on weaker downstream revenues and lower LNG output.

18 May 2016, Week 19 Issue 525

Engie is reportedly lining up the sale of its upstream assets in Indonesia and Malaysia as a single package for up to US$500 million.

11 May 2016, Week 18 Issue 524

Australia-based AWE has agreed to sell its 42.5% stake in the Bulu production-sharing contract (PSC) in Indonesia to a wholly owned subsidiary of HyOil for up to A$27.5 million (US$20.3 million)...

04 May 2016, Week 17 Issue 523

South Korean petrochemical company LG Chem has asked Seoul for help retrieving US$21 million it says it was tricked into transferring into a fake bank account. LG Chem has said that it was under...

20 April 2016, Week 16 Issue 522

International service provider Bumi Armada has demanded US$283.5 million in damages from Australia’s Woodside Petroleum in a legal battle over a cancelled floating production, storage and...