Regional News: Austral-Asia

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Rig Builder Sembcorp Marine 2Q Net Profit Falls 51%
Thursday, July 27, 2017 Sembcorp Marine posts a 51% fall in second-quarter profit.

Embattled Noble Links With Rival Mercuria As It Shrinks To Stay Afloat
Wednesday, July 26, 2017 Noble Group, once Asia's largest commodities trader, will tie up with rival Mercuria Energy Group as part of a dramatic downsizing.

Glencore's LNG Global Head Gordon Waters Leaves Company
Monday, July 24, 2017 Glencore's global head of liquefied natural gas (LNG), Gordon Waters, has left the company.

Deals Set Bullish Tone As Peru Export Halt Tightens Market
Friday, July 21, 2017 Asian spot LNG prices step higher this week, shrugging off months of weakness.

Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT
Friday, July 21, 2017 Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.


Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy
Thursday, July 20, 2017 Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.

Philippines Shortlists 6 Countries For $2B LNG Hub, To Pick One Partner
Thursday, July 20, 2017 The Philippines has shortlisted 6 countries and will choose one from them as a partner for its planned $2B receiving and distribution facility for imported LNG, an official says.

Vietnam Plans Oil Reserves Equivalent Of 90 Days Of Imports By 2020
Wednesday, July 19, 2017 Vietnam's prime minister has approved a plan for the country's total crude oil and oil product stocks to be at least 90 days' worth of net imports by 2020.

ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna
Tuesday, July 18, 2017 Difficulties with the field, first discovered in the 1970s, have included contract disputes and remoteness.

LNG Prices Stay Low as Oversupply Dogs Market
Friday, July 14, 2017 The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season.

Oil Traders Turn Bespoke Crude Tailors in Offshore Megastore
Wednesday, July 12, 2017 The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge.

Indonesia Unlikely To Need Imported LNG Until 2020 As Output To Rise
Wednesday, July 12, 2017 Indonesia is unlikely to need to import LNG until at least 2020 due to robust gas production at home.

Philippine Official: Drilling For Oil In Disputed Sea May Resume This Year
Wednesday, July 12, 2017 Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official says.

Commodities Trader Clearsource Adds LPG, Naphtha In Singapore
Wednesday, July 12, 2017 Clearsource is expanding its Asian operations through its Singapore office to include naphtha and LPG.

Inpex Says Floating Unit For Australia LNG Project To Set Sail Soon
Monday, July 10, 2017 A massive floating component for Inpex Corp's $37 billion Ichthys LNG project in Australia will soon sail from the South Korean shipyard.

Indonesia Ethylene Expansion Contract Goes to CB&I
Monday, July 10, 2017 PT Chandra Asri Petrochemical Tbk (CAP) has awarded CB&I a contract to supply materials for the revamp of existing cracking heaters at CAP's naphtha cracker plant in Cilegon, Indonesia,

Saudi Aramco Reaffirms Commitment to Pertamina JV as CEOs Meet
Friday, July 07, 2017 The Indonesia refinery upgrade will increase capacity to 400,000 from 348,000 barrels per day.

Cargill Completes Sale Of Petroleum Business To Macquarie
Friday, July 07, 2017 Commodity trader Cargill Inc completes the sale of its petroleum business to Australian investment bank Macquarie Group Ltd.

New MAS LNG Contract Will Allow for Creation of New Australian Jobs
Tuesday, July 04, 2017 AusGroup Limited subsidiary MAS Australasia Pty Ltd enters into an agreement with Clough Projects International for the supply of rope access trade services on an INPEX-operated LNG project.