Regional News: East & SE Asia

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Pertamina Looks For Partner To Take Majority Stake In Bontang Refinery
Tuesday, February 28, 2017 Indonesia's state oil company Pertamina looks to find a partner to take a majority stake in a proposed refinery to cost more than $10 billion in Bontang, East Kalimantan.

Philippines Needs China Ties Clarity To Lift S China Sea Exploration Halt
Monday, February 27, 2017 The Philippines is waiting for clarity on its relations with China before lifting a suspension on exploration in disputed areas in the South China Sea.

Saudi Aramco To Invest $7 Bln In Petronas' RAPID Oil Refinery
Monday, February 27, 2017 Malaysia's Prime Minister Najib Razak announces that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refinery project in Malaysia's Johor.

Petronas, Saudi Aramco To Sign Agreement During Saudi King's Visit
Friday, February 24, 2017 Petronas and Saudi Aramco will sign an agreement during a visit by Saudi Arabia's King Salman to Malaysia, Prime Minister Najib Razak says.

China's Soaring LNG Demand To Help Rein In Global Glut
Thursday, February 23, 2017 China's soaring demand for liquefied natural gas (LNG) is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated.


Thailand's PTT Interested In Petronas Offshore Gas Stake
Wednesday, February 22, 2017 Thailand's PTT Pcl is interested in bidding for a stake in the SK316 offshore gas block in Malaysia's state of Sarawak, Chief Executive Thewin Wongwanich says.

Malaysia's Petronas, Saudi Aramco May Sign New Deal On Refinery Project
Wednesday, February 22, 2017 Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project.

CGG Wins DPC Contract in Brunei
Tuesday, February 21, 2017 Geoscience company CGG has been awarded a contract by Brunei Shell Petroleum to operate a dedicated processing center (DPC) at its Seria office in Brunei Darussalam.

Singapore's Proposed Carbon Tax Will Likely Include Refineries
Tuesday, February 21, 2017 A carbon tax proposed by Singapore on emissions of greenhouse gases from 2019 will likely include the city-state's oil refineries.

S. Korea's SK Energy Buys Russian Urals Crude For First Time In 10 Years
Friday, February 17, 2017 SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner says.

China's 2017 Natural Gas Output To Jump To 170 Bcm
Friday, February 17, 2017 China's natural gas production will surge by about a quarter to 170 billion cubic metres (bcm) in 2017 from 136.8 bcm in 2016, estimates from the National Energy Administration show.

UAE's ADNOC Offers April Murban Crude From S.Korea Storage In Rare Move
Thursday, February 16, 2017 Abu Dhabi National Oil Company offers Murban crude to be loaded in April from its oil storage in South Korea.

Ezra Says It Faces Court Application To Wind Up Unit Of Subsea JV
Wednesday, February 15, 2017 Ezra Holdings Ltd says a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's subsidiary be wound up.

India Awards 31 Oil And Gas Blocks
Wednesday, February 15, 2017 India approves the award of operating licenses for 31 small oil and gas fields.

Thai Oil Targets 2017 Refining Rate At 100-103 Pct Of Capacity
Tuesday, February 14, 2017 Thailand's largest oil refiner Thai Oil aims to run its refinery at 100-103% of its 275,000 barrel-per-day (bpd) capacity in 2017, and has no plans for any maintenance shutdowns.

Shell, Pavilion Gas To Start Shipping LNG To Singapore In 2017
Tuesday, February 14, 2017 Shell Eastern Petroleum and Pavilion Gas will start supplying Singapore with liquefied natural gas (LNG) later in 2017 under contracts awarded last year.

Noble Group Shares Jump 17% After Confirming Talks On Potential Investment
Tuesday, February 14, 2017 Shares in Noble Group Ltd leapt as much as 17% after the commodities trader confirmed it was holding talks on a possible strategic investment in the firm.

Saudi Aramco Inks First Oil Contract With China's Huajin
Monday, February 13, 2017 Saudi Aramco signs a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017.

Malaysia's Petronas May Consider Relocating Canada LNG Project
Monday, February 13, 2017 Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project.

S. Korea's KOGAS Says Interested In US Shale Gas Projects
Friday, February 10, 2017 Korea Gas Corp (KOGAS) would be "interested" in participating in US shale gas projects, with such investment curbing any potential trade pressure on South Korea from the US government.

Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Friday, February 10, 2017 Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

Singapore Exchange Holds Talks With Saudi Aramco On Secondary Listing
Tuesday, February 07, 2017 Singapore Exchange has held talks with Saudi Aramco on a secondary listing, according to 2 sources familiar with the matter.

Qatar Petroleum Joins Consortium To Develop Pakistan LNG Project
Tuesday, February 07, 2017 Qatar Petroleum (QP) joins an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan.

Indonesia's Pertamina Removes CEO, Deputy In Management Shakeup
Friday, February 03, 2017 Pertamina removes its CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, with renewable energy director Yenni Andayani appointed acting CEO.

Singapore's Ezra Says May Write Down $170MM In Subsea JV
Friday, February 03, 2017 Ezra Holdings Ltd says it may have to take a $170 million writedown on its subsea services joint venture.

SK Innovation Sees Refining Margins Staying Healthy In 2017
Friday, February 03, 2017 Refining margins will stay firm in 2017, backed by limited additions to refined product supplies and solid demand growth, SK Innovation says.

S.Korea's S-Oil Expects Firm Refining Profits In 2017
Thursday, February 02, 2017 South Korea's S-Oil Corp expects healthy refining profits this year, buoyed by growing demand for oil products in places such as China and Southeast Asia.

India Looks At Creating Oil Giant To Take On Global Rivals
Wednesday, February 01, 2017 India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley says.

CB&I Wins Alkylation Unit Contract for China Refinery
Wednesday, February 01, 2017 Shaanxi Yanchang Petrochemical Group has awarded CB&I a contract for the license and engineering design of an alkylation unit in Yan'an City, Shaanxi, China, CB&I announces.

Shell Sells Thailand Gas Field Stake To Kuwait's Kufpec For $900MM
Tuesday, January 31, 2017 Royal Dutch Shell says it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900 million.