Austral-Asia News


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BHP Eyes Two-Year Exit From Shale; Also Selling Nickel
Thursday, November 16, 2017 BHP Billiton hopes to fully divest its troubled U.S. onshore shale business in around 2 years.

Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer
Thursday, November 16, 2017 A bid for Santos may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world's cheapest LNG.

Shell to Divest Interest in Woodside Petroleum
Monday, November 13, 2017 Royal Dutch Shell plc will sell its stake in Woodside Petroleum Limited.

Geoscientist Employment Prospects Stall in Australia
Monday, November 13, 2017 Employment prospects for geoscientists in Australia remain unchanged since March.

Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site
Monday, November 13, 2017 Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site

Oilfield Services Companies Team Up for New Joint Venture
Friday, November 10, 2017 Oilfield services companies Tasman Oil Tools Group and OLIO Resources Sdn Bhd announce the launch of a new joint venture entity, OLIO Tasman Oil Tools Sdn Bhd.

Bullish Oil And Tight Supply Lift Asian Spot LNG Market
Friday, November 10, 2017 Asian spot LNG prices rose this week on already tight supply and production outages in Australia and was further buoyed by climbing crude oil prices.

Australia's North West Shelf LNG Export Plant Suffers Partial Outage
Friday, November 10, 2017 Australia's North West Shelf LNG export plant suffered a partial outage on Friday morning.

Santos Expects Regulator Decision On Aus Gas Project In Late 2018 At Best
Thursday, November 09, 2017 Santos Ltd expects a decision from state regulators on whether to approve its long delayed Narrabri gas project in Australia in late 2018 or early 2019.

As Oil Booms, World's Top Importer Signals Demand Will Boom Too
Wednesday, November 08, 2017 Oil investors discouraged by Wednesday's data showing a retreat in Chinese crude imports can find cheer in another figure released.

PTT Global Chem Profit Beats On Higher Sales Volume, Refining Margins
Wednesday, November 08, 2017 PTT Global Chemical reports a 60% jump in third-quarter profit.

Japan's Inpex Says Ichthys LNG Project On Track For March Start
Wednesday, November 08, 2017 Inpex is on track to begin production at its offshore Ichthys liquefied natural gas project in Australia.

Oil At $70/Barrel Already A Reality For Some As Asian Premium Bites
Tuesday, November 07, 2017 The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70 a barrel.

Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year
Thursday, November 02, 2017 Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.

Oil Majors to Increase Exploration CAPEX for 2018
Thursday, November 02, 2017 Oil companies are set to resume hydrocarbon exploration but will not exploit reserves as oil price remains a challenge for big ticket developments.

Japan's Osaka Gas Plans Resales Of 3 Million Tonnes Of LNG By 2020
Wednesday, November 01, 2017 Osaka Gas plans to raise its resales of LNG to third parties to 3 million tonnes a year by 2020, a top executive says.

Searcher Seismic Announces New Airborne Survey Over Gulf of Papua
Tuesday, October 31, 2017 Searcher Seismic announces new airborne geophysical survey over the Gulf of Papua.

Australia's Origin Energy Quarterly Output Revenue More Than Doubles
Tuesday, October 31, 2017 Australia's Origin Energy Ltd says its quarterly gas production revenue rose 58 percent from a year ago.

Australia's Wheatstone LNG Facility Exports First Cargo To Japan
Tuesday, October 31, 2017 Australia's Wheatstone LNG project, after starting production earlier this month, has shipped its first export cargo to a buyer in Japan.

Mexico And Indonesia Could Be Next Up For Eni's Asset Sales
Friday, October 27, 2017 Eni could sell stakes in its oil and gas fields in Mexico and Indonesia in the next stage of its asset sale strategy, the company says.

JERA's New LNG Contract With Petronas Foretells Smaller, Shorter Deals
Wednesday, October 25, 2017 Petronas signs a three-year LNG supply agreement with JERA.

Thailand Looks To Boost LNG Imports As Local Output Dwindles
Wednesday, October 25, 2017 Thailand expects a seven-fold increase in the amount of LNG it imports via long-term contracts.

Pertamina: Indonesia To Become LNG Importer In 2020 As Population Grows
Wednesday, October 25, 2017 Indonesia is expected to become a net importer of liquefied natural gas in 2020 as its population grows.

PFI: Petronas, Aramco Seeking $8B For Malaysian Project
Wednesday, October 25, 2017 Petronas and Saudi Aramco are seeking to raise $8B for a refinery and petrochemical complex via a bridge loan, PFI reports.

Asia's Oil Hub Going Green With Floating Solar, Storage Systems
Monday, October 23, 2017 Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources.

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.'

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