Austral-Asia News


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Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years
Thursday, October 19, 2017 Indonesia has agreed with Inpex to extend the company's contract to operate the Masela natural gas field by up to 27 years.

LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling
Wednesday, October 18, 2017 Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.

Small-Scale FLNG Consortium Eyes Australia Pilot Site
Tuesday, October 17, 2017 Norway's Add Energy, Australia's Transborders Energy and other partners will pick a site early next year for a low-cost FLNG development.

China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project
Monday, October 16, 2017 Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.

Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.

Bullish Streak Ends As Buyers Drop Bids On More Supply
Friday, October 13, 2017 Asian spot prices for liquefied natural gas (LNG) fell after six straight weeks of gains.

Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities
Wednesday, October 11, 2017 Progress Energy will look at other liquefied natural gas opportunities as a way to monetize its Canadian gas assets.

Oil Traders Hoard Less on Ships Near Singapore as Market Flips
Monday, October 09, 2017 One of the biggest stores of oil at sea is showing signs of emptying out.

Chevron Starts LNG Output at Australia's Wheatstone
Monday, October 09, 2017 The LNG market will be focused on how smoothly Wheatstone progresses following the troubled start-up at Chevron's bigger Gorgon LNG project.

Australia Closing In On Qatar as World's Top LNG Exporter
Thursday, October 05, 2017 Australia expects to increase exports of liquefied natural gas (LNG) by 16 percent from mid-2018 as $180 billion in new projects hit their stride, nearly catching up with Qatar, the world's top supplier.

Shell Cancels Sale Of Thai Gas Field Stakes To Kuwait's KUFPEC
Wednesday, October 04, 2017 Shell says it has canceled a $900MM deal to sell its gas field stakes in Thailand to KUFPEC.

Thailand Again Delays Auction Of Erawan, Bongkot Gas Fields
Monday, October 02, 2017 Thailand will delay the auctions of the concessions for the Erawan and Bongkot gas fields for at least another month.

Noble Group Expects To Sell Oil Liquids Business By End-December
Monday, October 02, 2017 Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December.

Beach Energy Buys Origin's Lattice in $1.25 Billion Deal
Thursday, September 28, 2017 The agreement will boost Beach's proved and probable reserves by 200 percent.

Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
Thursday, September 28, 2017 The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.

From Houston With Love: Asia's Bitten by US Oil Export Bug
Wednesday, September 27, 2017 As plunging regional output starves Asian oil buyers of high-quality crude, they are developing a taste for something new.

Australia's East Coast LNG Producers Avert Export Curbs
Wednesday, September 27, 2017 Australia's three east coast LNG plants have staved off threatened export curbs.

Papua New Guinea Government To Sell Stake In Oil Search
Thursday, September 21, 2017 The cash-strapped government of Papua New Guinea (PNG), looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search.

NZ Jet Fuel Rations Increased As Govt Calls In Navy To Beat Shortage
Thursday, September 21, 2017 New Zealand will partially ease fuel rationing, a spokesman for the country's oil industry says.

Robust Asia Demand Drives ME, Russia Crude Premiums To Multi-Month Highs
Wednesday, September 20, 2017 Spot premiums for Middle East and Russian crude loading in November and December have hit multi-month highs.

New Zealand Military Called In After Pipeline Leak Hits Air Travel
Monday, September 18, 2017 New Zealand called in its defense force to help move fuel around the country after a burst oil pipeline triggered a jet fuel shortage.

Papua New Guinea Starts Paying Landowners LNG Royalties
Wednesday, September 13, 2017 The Papua New Guinea government has started paying local landowners long awaited benefits from the $19 billion PNG LNG project.

Ichthys LNG Subsea Contract Goes to Wood Group
Wednesday, September 06, 2017 INPEX Operations Australia has awarded Wood Group a 5-year contract to provide subsea engineering services for the integrity of the Ichthys LNG Project.

Western Australia Halts Hydraulic Fracturing, To Probe Risks
Tuesday, September 05, 2017 Western Australia state will ban onshore hydraulic fracturing while it looks into the risks associated with the drilling technique, its environment minister says.

China's Oil Lifeline to North Korea Becomes Sanctions Target
Tuesday, September 05, 2017 China, which supplies most of North Korea's food and fuel, calls Trump's warning 'unacceptable.'

Senex Wins Australia Gas Field, Aims To Start Producing In 2019
Tuesday, September 05, 2017 Senex Energy says it won the right to develop a new gas field in the state of Queensland and aimed to make its first delivery from the site within two years.

Association: Indonesia's Changes To Oil, Gas Deals 'Positive' For Investors
Tuesday, September 05, 2017 Indonesia's revisions to new oil and gas production-sharing contracts are positive for investors, the leading energy industry association says.

Asian Refiners Ramp Up Output to Fill Supply Gaps Left by Harvey
Friday, September 01, 2017 "It's a great opportunity to sell fuel that has sat in storage during the last few years of oversupply," said a Singapore trader.

Trading Firm Noble Seen Picking Oil Unit Buyer In September
Wednesday, August 30, 2017 Trader Noble Group is expected to pick a buyer for its oil and LNG units by mid-September.

Australia's Santos Steps Up Effort To Avert LNG Export Curb
Wednesday, August 30, 2017 Santos is racing to boost gas supply to Australia's eastern market to fend off government limits on exports of LNG in 2018.

State TV: ExxonMobil Vietnam Gas Project Could Start In November
Tuesday, August 29, 2017 ExxonMobil's Blue Whale gas project, Vietnam's biggest, could start in November.

Thyssenkrupp Wins Order to Build Fertilizer Plant in Brunei
Tuesday, August 29, 2017 The order will provide a much-needed boost to Thyssenkrupp's struggling industrial solutions division.

US Traders Seek Oil Product Cargoes from N.Asia After Harvey -Sources
Monday, August 28, 2017 Singapore complex refining margins are already at their highest August level in five years.

ExxonMobil Says Completes Singapore Refining-petchem Plant Acquisition
Monday, August 28, 2017 The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 million tonnes per year.

Petronas Raises Payout Commitment To Government As Profit Surges
Friday, August 25, 2017 Petronas raises its dividend payment commitment to the government after reporting that second-quarter profit quadrupled because of higher oil prices and improved margins.

Russell: Revolution Or Evolution? Iraq Shakes Up Asian Oil Trading
Thursday, August 24, 2017 There is little doubt that Iraq's mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil.

Atwood Oceanics Offshore Employees in Australia Agree to New EBA
Wednesday, August 23, 2017 Atwood Oceanic's offshore personnel in Australia will receive wages aligned with current market conditions, according to new agreement.

Bernama: Petronas Considering Pipeline Investments To Monetize Gas Assets
Wednesday, August 23, 2017 Petronas is considering investing in a pipeline to market its Canadian gas assets after scrapping plans for a LNG project in Canada.

ConocoPhillips Looks to Backfill for Darwin LNG
Tuesday, August 22, 2017 Chris Wilson, President Australia West, ConocoPhilips, says Darwin LNG has promising options for backfill and expansion opportunities.

Oil Search Profit Soars, Focus On Advancing PNG Gas Projects
Tuesday, August 22, 2017 Oil Search expects its partners to agree by year-end on how to coordinate development of their Papua New Guinea gas projects.

Ten Sailors Missing After US Warship, Tanker Collide Near Singapore
Monday, August 21, 2017 Ten US sailors were missing after a US warship collided with an oil tanker east of Singapore before dawn on Monday.

Vietnam Crude Oil Imports To Hit Record As Refinery Gets Ready To Start
Friday, August 18, 2017 Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.

HOW COOL IS THAT!: Geologist, Author, Global Marathoner
Thursday, August 17, 2017 Australian wellsite geologist Amanda Barlow provides glimpse of offshore life to 'laypeople.'

Russell: From Leader To Loser: Australia Risks Missing Next LNG Wave
Thursday, August 17, 2017 Should the arrival of the last major piece of kit in Australia's $180 billion LNG spree be a cause for celebration or for a wake?

Woodside Sees Qatar Targeting New LNG Buyers With Supply Surge
Wednesday, August 16, 2017 Woodside expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers.

Thai Oil Buys 1 Million Barrels North Sea Crude To Replace Mideast Oil
Wednesday, August 16, 2017 Thai Oil PCL has bought 1 million barrels of North Sea Forties crude to be delivered in November

Philippines Weighs China Energy Deal in Disputed South China Sea
Tuesday, August 15, 2017 The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.

Traders Expect Asia To Import More Venezuelan Crude If US Sanctions Kick In
Tuesday, August 15, 2017 Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts.

Gas Starts Flowing from BP's New Fields Offshore Trinidad and Australia
Monday, August 14, 2017 BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia, the company said, further boosting output that is helping the company to turn a corner after a bruising market downturn.

Australia's $180B LNG Megaproject Boom Enters Final Stretch
Monday, August 14, 2017 The last massive component of Australia's $180 billion LNG construction boom arrived, stepping up a race between Shell and Inpex to start chilling gas for export in 2018.

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