Regional News: Austral-Asia

 
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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.

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.

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.

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.

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.

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.'

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.

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.

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.

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.