Regional News: Austral-Asia

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OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
Friday, May 26, 2017 In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.

A Tiny Island Off Singapore May Hold Keys to Energy's Future
Thursday, May 25, 2017 A hydrogen-based energy storage system costs about 10 times more than a diesel back-up generator with similar power output, according to Toshiba Corp.

Woodside Aims To Decide On Browse Gas Development In 2019
Tuesday, May 23, 2017 Woodside Petroleum plans to make a final investment decision on its Browse gas development off Australia's west coast in 2019.

Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.

Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Monday, May 22, 2017 Energy consultants Wood Mackenzie now expect a net refinery capacity addition in Asia of 360,000 bpd, down from a forecast of 450,000 bpd in December.


Australian Government Looks to Avert Gas Crisis
Friday, May 19, 2017 Australian Federal Resources Minister Matt Canavan was at pains to emphasize that the controversial 'Domestic Gas Security Mechanism' would only be triggered as a last resort.

Origin Energy Sells Australia Gas Pipeline Network For $291 MM
Friday, May 19, 2017 Origin Energy Ltd agrees to sell a gas pipeline network in Australia for A$392 million ($291 million), helping it beat its target proceeds for asset sales to cut debt.

InvestKL Continues Efforts to Attract MNCs to Base in Kuala Lumpur
Thursday, May 18, 2017 Government agency InvestKL CEO Datuk Zainal Amanshah sets sights on attracting 100 multinational corporations, including key oil and gas firms, to Kuala Lumpur.

ExxonMobil Secures Qatari Condensate for Singapore Unit - Sources
Thursday, May 18, 2017 ExxonMobil declined to comment. Qatar Petroleum did not respond to an e-mail seeking comment.

West Java Contract Goes to CB&I
Tuesday, May 16, 2017 PT Petrokimia Butadiene Indonesia (PBI) has awarded CB&I a contract for the license and engineering design of three proprietary technologies in West Java, Indonesia, CB&I announced Tuesday.

Chevron's $54 Billion LNG Plant Hits New Snag in Australia
Tuesday, May 16, 2017 It's at least the eighth outage since Gorgon LNG operations started 14 months ago.

Gas Export Boom Loser May Win From Australia Supply Crunch
Monday, May 15, 2017 The decision by the Shell-PetroChina JV Arrow Energy to scrap a A$20 billion project to ship Arrow's fuel overseas as LNG looks like a blessing in disguise.

Chevron Shuts First Gorgon LNG Export Plant Unit for Around a Month
Monday, May 15, 2017 "Production on Gorgon Train 1 was stopped on May 12 due to a failure of a flow measurement device," the company said in a statement.

Chevron Shuts First Gorgon LNG Export Plant Unit For Around A Month
Monday, May 15, 2017 Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month.

Wooing Investors After Elliott, BHP Boss To Play Up Shale
Friday, May 12, 2017 BHP Billiton Chief Executive Andrew Mackenzie will tell investors in Barcelona next week that the top global miner can pump more for less out of its unloved shale assets.

ExxonMobil Buys Singapore Petrochemical Plant, Boosts Output in Asia
Thursday, May 11, 2017 Exxon Mobil Corp said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia.

Australia's Origin Energy Doubles Stake In Beetaloo Shale Gas Field
Friday, May 05, 2017 Origin Energy says it doubled its stake in the Beetaloo Basin shale gas field in Australia's Northern Territory.

Russell: Australia Gas Export Restrictions Only Damage Reputation
Tuesday, May 02, 2017 The new policy sounds alarming for Australia's emerging status as the world's top supplier of the super-chilled fuel.

Arrow Energy Wins Australian Gas Pipeline License, but Plan on Hold
Monday, May 01, 2017 Arrow Energy, owned by Royal Dutch Shell and PetroChina, has been granted a license to build a natural gas pipeline in Australia's Queensland state that could contribute to easing the country's gas supply crunch.

Australian Gas Pipe Builder Jemena Plans Expanded Line to Ease Supply Woes
Friday, April 28, 2017 The builder of an A$800 million ($600 million) gas pipeline that could ease a looming shortage in eastern Australia said on Friday it will boost the capacity of the planned pipeline if a ban on fracking in Australia's north is lifted.

Inpex Says Ichthys LNG, Condensate Start Up Delayed Several Months
Friday, April 28, 2017 Japan's biggest oil and gas explorer Inpex Corp said on Friday it would delay the start up of its Ichthys LNG export plant in Australia by several months at least from its original target of the third quarter this year.

Turnbull Channels Trump With 'Australia First' Gas Export Curbs
Friday, April 28, 2017 Australia's Prime Minister Malcolm Turnbull is taking a leaf out of U.S. President Donald Trump's "America First" playbook.