East & SE Asia News

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OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex
Monday, October 16, 2017 Being sophisticated in the age of OPEC output curbs can prove a disadvantage, as the operator of the world's biggest oil-refining complex is discovering.

EU Imposes Oil Embargo On North Korea In Symbolic Gesture
Monday, October 16, 2017 The European Union banned the sale of oil and oil products to North Korea.

Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.

India's Reliance Industries 2Q Profit Up 7%, Lags Estimates
Friday, October 13, 2017 Reliance Industries posts a 7.3% rise in its 2Q standalone net profit.

China's CNPC Starts Third Natural Gas Pipeline To Shanghai
Friday, October 13, 2017 China National Petroleum Corporation has started operating the third natural gas pipeline into Shanghai.

IEA: China's Crude Oil Buying Spree Looks Set To Continue
Thursday, October 12, 2017 China has built its crude oil stockpiles at a record pace in 2017 and inventories could hit the billion-barrel mark in six months, IEA says.

China Buys Rare Norway LNG Cargo As Spot Deals Rise Ahead Of Winter
Thursday, October 12, 2017 China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows.

Executive: China Independent Oil Refiners Set Up $5B Joint Venture
Wednesday, October 11, 2017 A group of six Chinese independent oil refiners set up a $5B joint venture to compete with state-owned giants and the rise of private chemical giants, a senior executive says.

Sources: India's IOC Buys New US Crude Grades For December Delivery
Tuesday, October 10, 2017 Indian Oil Corp buys two new types of US crude for December delivery as it tests different grades from the United States, trade sources say.

India Wants Foreign Investors For $300B Worth Of Energy Projects
Tuesday, October 10, 2017 India wants to attract foreign investors to $300 billion worth of energy projects planned for the next decade, its oil minister says.

CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report
Monday, October 09, 2017 CNOOC completed trial runs at its 200,000-bpd Huizhou refinery in the southern Guangdong province on Oct. 2, China Securities Journal reported on Monday.

Chinese Fishermen Die As Boat Collides with Tanker in Japan Waters-Xinhua
Friday, October 06, 2017 Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported.

Adviser: Malaysia's Petronas Puts Some Canadian Assets Up For Sale
Wednesday, October 04, 2017 Petronas is looking to sell some oil and gas assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets says.

India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says
Wednesday, October 04, 2017 India is pushing to renegotiate more LNG deals after its success in reaching agreements with some of the world's largest energy suppliers.

Kazakhstan To Sell 5 Bcm Of Gas To China For $1B
Tuesday, October 03, 2017 Kazakh state-owned firm KazTransGas will ship 5 billion cubic meters of natural gas to China's PetroChina for about $1 billion.

CEFC Head Riffs on $30 Oil and Rosneft in 12,000-Word Note
Tuesday, October 03, 2017 While there's a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company.

Sources: India's Reliance Makes First Purchase Of US Crude
Tuesday, October 03, 2017 Reliance Industries has purchased crude oil cargoes from the United States for the first time.

China Oil Stars Risk Being Dimmed by Their Giant Version 2.0
Monday, October 02, 2017 A new generation of firms building some of the globe's biggest plants are threatening to eclipse China's independent refiners.

Robust Chinese Demand Ensures Asian LNG Rally Has Legs
Friday, September 29, 2017 China could overtake South Korea as the world's second-biggest LNG importer this year.

China Gives Carmakers More Time in Biggest Electric-Vehicle Plan
Thursday, September 28, 2017 The plan gives automakers more time to prepare for the phasing out of fossil-fuel powered vehicles.

Exec: Dongming Steps Up Crude Purchases In 2017 For Shandong Oil Refiners
Wednesday, September 27, 2017 Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year.

Strong Growth In Fuel Demand Accelerates Oil Market Rebalancing
Tuesday, September 26, 2017 Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected.

Sources: India ONGC Strikes 'Good' Offshore Oil, Gas Find
Wednesday, September 20, 2017 ONGC's latest discovery is estimated to hold in-place reserves of about 20 million tonnes.

Taiwan Suspends Oil Exports To North Korea, Imports Of Clothing
Tuesday, September 19, 2017 Taiwan has suspended refined oil and LNG exports to North Korea.

New China Energy Star Still Hungry After $9 Billion Rosneft Deal
Thursday, September 14, 2017 An obscure conglomerate has been thrust into the spotlight.

China's Crude Refinery Output Rebounds In Aug On New Quotas
Thursday, September 14, 2017 Chinese refineries processed 6.5% more crude oil in August than a year earlier, data from the National Bureau of Statistics shows.

Eni Inks Cooperation Deal With China's CNPC
Wednesday, September 13, 2017 Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market.

Flood-Hit India's Oil Demand Falls the Most in 14 Years
Tuesday, September 12, 2017 India's oil consumption in August shrank 6.1%, the most since April 2003, as floods ravaged several parts of the country.

CB&I Wins China PDH Unit Contract
Monday, September 11, 2017 Propane dehydrogenation unit will boast 600,000 metric tons per year of propylene production capacity.

China Big Oil Investors Shrug Off Future Fossil-Fuel Vehicle Ban
Monday, September 11, 2017 The prospect of China banning fossil fuel-powered vehicles is failing to alarm investors in the oil producers likely to lose out.

China's Teapot Plants Form New Club To Beat Rivals, But Will It Work?
Friday, September 08, 2017 A group of independent Chinese oil refiners is clubbing together to survive an onslaught by state-owned giants and the rise of private chemical giants.

US Is Said to Seek a Ban on Crude Oil to North Korea at UN
Wednesday, September 06, 2017 The US is circulating a draft resolution at the United Nations that would bar crude oil exports to North Korea.

China Merchants Group Is Said to Explore Offshore Rig Deals
Friday, September 01, 2017 Deliberations reportedly are at an early stage.

CNPC, Guangdong Sign Strategic Deal On S. China Sea Methane Hydrate
Monday, August 28, 2017 CNPC said the trial prospecting of the deep-sea gas resource, also known as 'flammable ice', will be in the Shenhu area of the South China Sea.

Japan to Buy Up to 50,500 T LPG for National Stockpile
Monday, August 28, 2017 The tender was in line with expectations.

China to Penalize Refineries for Crude Reselling, Unauthorized Expansion
Monday, August 28, 2017 Experts said the policy to crackdown on these violations is not new.

S. Korea's S-Oil Signs LNG Contract With Malaysia's Petronas For 2018-2033
Friday, August 25, 2017 S-Oil Corp signs a long-term LNG supply contract with Malaysia's Petronas for 15 years starting from next year.

China Energy Giant Rewards Investors as Higher Oil Buoys Profit
Thursday, August 24, 2017 PetroChina took a page from the playbook of global peers known for generous dividends by deciding to pay shareholders its entire half-year net income.

India's Reliance To Boost Profit, Naphtha Exports By Using Ethane
Thursday, August 24, 2017 Reliance expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive says.

Cambodia, KrisEnergy Sign Deal To Develop Offshore Oil Field
Wednesday, August 23, 2017 Cambodia signs an agreement with Singapore-listed KrisEnergy Ltd to develop an offshore oil field.

Falih: Saudi Aramco To Sign China's Yunnan Refinery Deal In 6 Months
Wednesday, August 23, 2017 Saudi Aramco is expected to sign a final deal with PetroChina within six months to invest in its Yunnan refinery.

Russia Remains China's Top Oil Supplier For Fifth Month In A Row In July
Wednesday, August 23, 2017 Russia held its spot as China's top crude oil supplier for a fifth month in a row in July, with shipments up 54% over a year earlier, data shows.

Rosneft Seals First Asian Refinery Deal With Essar Oil Purchase
Monday, August 21, 2017 Rosneft and partners close $12.9B-purchase of Essar Oil, giving them a foothold in one of the world's fastest growing oil users.

Trafigura's Puma Said in Talks to Buy Stake in Pakistan Retailer
Monday, August 21, 2017 Puma Energy BV is considering a plan to invest in Pakistan fuel retailer Admore Gas Pvt., a source says.

Shengli Oilfield Cuts Internet For Some Offices After Cyber Attack
Monday, August 21, 2017 Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says.

Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Monday, August 21, 2017 Sinopec Engineering won 17.8 billion yuan ($2.67 billion) of new contracts in the first half.

Local Media: Local Firm Wins Shale Gas Block Auction In China's Guizhou
Friday, August 18, 2017 A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province.

Fire Put Out At Major PetroChina Refinery In Dalian
Thursday, August 17, 2017 A fire broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries.

China's Blue Skies Target May Make for Winter Gas Crunch
Thursday, August 17, 2017 The growing global LNG market will help the country meet any surge in demand this winter, says Liu Ming Hui, executive chairman of China Gas Holdings Ltd.

China To Develop New Shale Gas Fields, Plans Guizhou Auction This Week
Tuesday, August 15, 2017 China plans to develop two new shale gas fields in the south of the country and open up tenders for more oil and gas exploration blocks, the Ministry of Land Resources says.

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