Regional News: East & SE Asia

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China To Boost Non-Fossil Fuel Use To 20% By 2030
Tuesday, April 25, 2017 China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030.

Andalas Could Become 'Material Player' in Indonesia Gas to Power Outlook
Tuesday, April 25, 2017 Andalas Energy and Power Plc, in collaboration with Pertamina, has identified a further 2 gas fields in central Sumatra suitable for wellhead IPP (independent power project) development.

Iran Ranks As No. 2 Oil Supplier To S. Korea First Time For A Quarter
Monday, April 24, 2017 Iran ranked as South Korea's 2nd-biggest oil exporter over the first 3 months of 2017 as it ramped up output to regain market share after sanctions were lifted last year.

China's CNOOC Tenders 10 Coal Bed Methane Blocks
Friday, April 21, 2017 CNOOC issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country.

Singapore's Keppel Posts Higher Profit, But Offshore Business Still Bleak
Thursday, April 20, 2017 Singapore's Keppel Corp posts its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments.


KBR, PT Singgar to Provide Staff for Engineering Work After Contract Win
Thursday, April 20, 2017 KBR and PT Singgar Mulia Engineering Consultants will provide local and global personnel to conduct engineering, project and construction management services for Chevron's Indonesian fields.

CNOOC CEO Resigns After Less Than A Year In Latest Board Reshuffle
Tuesday, April 18, 2017 CNOOC says chief executive officer Yang Hua has resigned, less than a year after being appointed to the top spot.

PETRONAS Sets April Crude Price Factor At $3.50/bbl
Monday, April 17, 2017 Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $3.50 per barrel, down 70 cents.

Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund
Monday, April 17, 2017 Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.

For North Korea, Cutting Off Oil Supplies Would Be Devastating
Thursday, April 13, 2017 Isolated North Korea doesn't consume much oil but curbing or cutting off its supplies in retaliation would be painful and potentially destabilizing to the regime of Kim Jong Un.

Saudi Aramco To Supply Full Crude Contract Volumes To Asia
Wednesday, April 12, 2017 Saudi Aramco will supply full contract volumes of crude oil to at least 3 Asian buyers in May, steady compared to April, industry sources with knowledge of the matter say.

Diversify Or Die: China's Independent Oil Refiners Adapt To New Challenges
Tuesday, April 11, 2017 China's independent oil refiners are branching out into new sectors to overcome challenges.

Petronas Pitches $1B Offshore Gas Project Stake To Oil Firms
Monday, April 10, 2017 Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell and ExxonMobil Corp.

Japan To Conduct Second Test To Produce Gas From Methane Hydrate
Monday, April 10, 2017 Japan begins preparations for a second production test to extract methane gas from methane hydrate deposits offshore Japan's central coast.

Petrochina Sees Lower Q1 Profit On Qtr, But Turnaround From Year Ago
Friday, April 07, 2017 PetroChina expects a first-quarter profit of 5-6 billion yuan ($724.8-$869.8 million), down slightly from the preceding quarter, but a turnaround from a huge loss a year earlier.

Sinopec Markets US Dollar Bonds In 3 Tranches
Wednesday, April 05, 2017 State-owned oil producer China Petrochemical Corporation (Sinopec) is in the market to sell benchmark US dollar bonds in 3 tranches.

LNG Producers Turn To Trading, Risk Taking To Maintain Market Share
Wednesday, April 05, 2017 Producers of liquefied natural gas (LNG) are taking on more risk and learning to trade, just like any other commodities dealer.

Petronas LNG Facility Loads First Cargo
Monday, April 03, 2017 Petronas' first floating liquefied natural gas (LNG) facility, PFLNG SATU, has loaded its first cargo at the Kanowit gas field, offshore Miri, Sarawak.

Thailand To Auction Petroleum Concessions For Erawan, Bongkot Fields In Dec
Friday, March 31, 2017 Thailand will auction petroleum concessions for Erawan and Bongkot gas fields in December, the country's energy minister says.

Sapura's Team Continuing to Win Service Contracts in Challenging Market
Friday, March 31, 2017 Sapura Energy Berhad's team is continuing to win service contracts for work in Malaysia, India, Australia and the Americas, despite the persisting challenging industry environment.

Petronas, Pavilion Energy To Collaborate On LNG Supply And Trading
Friday, March 31, 2017 Malaysian state-owned Petronas will collaborate with Singapore's Pavilion Energy in trading liquefied natural gas (LNG).

Petrochina 2016 Profit Sinks 78% On Lower Crude Prices
Thursday, March 30, 2017 PetroChina reports a drop of 78% in 2016 annual net profit, as it was hit by lower prices for crude oil and natural gas.

INPEX to Reorganize Natural Gas Business Division
Tuesday, March 28, 2017 INPEX Corporation will reorganize its natural gas business operations in Japan in a bid to strengthen them.