Regional News: East & SE Asia

 
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First Oil For Long-Awaited Myanmar Pipeline To China Delayed Again
Friday, March 24, 2017 A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again.

CNPC Sees Fourth Leg Of Shaanxi-Beijing Pipeline Operational In October
Thursday, March 23, 2017 China National Petroleum Corp expects the fourth leg of the Shaanxi to Beijing pipeline to be operational in October.

Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts
Thursday, March 23, 2017 3 of Asia's top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity.

China's CNOOC Reports Worst Result Since 2011, Forecasts Output Rise
Thursday, March 23, 2017 China's offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year.

Petrochina's Head Of Crude Oil Trading Resigns, Replaced By Deputy
Wednesday, March 22, 2017 The head of crude oil trading at Chinese state energy giant PetroChina has resigned after 20 years with the company.

  


Beset By Delays, Myanmar-China Oil Pipeline Nears Start-Up
Tuesday, March 21, 2017 Nearly a decade in the making, a project to pump oil 480 miles across Myanmar to southwest China is set for imminent start-up.

China Rescues 13 From Burning Oil Tanker In East China Sea
Monday, March 20, 2017 Chinese authorities rescue 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5pm on Sunday in the East China Sea.

Ezra's Bankruptcy Move Adds To Singapore's Sorry Offshore Marine Story
Monday, March 20, 2017 Ezra Holdings Ltd's decision to file for U.S. bankruptcy protection gave investors another cause for concern as its downfall added to troubles in Singapore's offshore marine sector.

Indonesia Plans To Sue Thailand's PTTEP Over 2009 Oil Spill
Monday, March 20, 2017 Indonesia is preparing to sue a unit of Thailand's PTT Exploration and Production (PTTEP) over alleged environmental damage from the Montara oil spill in 2009.

Cambodia To Revise Oil Contract, Paving Way For First Oil
Monday, March 20, 2017 Cambodia will sign a revised production sharing contract this month with Singapore-listed explorer KrisEnergy to develop an offshore field that could finally produce the country's first oil.

China's Sinopec Close To Snapping Up Chevron's South African Oil Assets
Friday, March 17, 2017 China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets.

New Pertamina Chief To Focus On Transparency, Energy Security
Thursday, March 16, 2017 The new head of Indonesian state energy firm Pertamina said he would focus on improving transparency and communications at the country's biggest company.

Indonesia Picks Plantations Firm Head As Pertamina CEO
Wednesday, March 15, 2017 Indonesia has chosen Elia Massa Manik, head of the state holding company for the plantations industry, as the new chief executive of state energy firm Pertamina sources say.

Sinopec Starts Operation Of Crude Oil Pipeline In South China
Tuesday, March 14, 2017 China Petroleum and Chemical Corp starts operating a major crude oil pipeline that connects eastern Jiangsu province with refineries in south China, the company says.

Malaysia's Petronas Warns On 2017 Outlook Despite Swing To 4Q Profit
Tuesday, March 14, 2017 Petronas warns of a cautious outlook for 2017.

Japan PM Abe Seeks Saudi Support For Aramco Listing In Tokyo
Monday, March 13, 2017 Japan's Prime Minister Shinzo Abe asks Saudi Arabia's King Salman to support a listing of oil giant Aramco's shares in Tokyo.

Billionaire Fredriksen Buys Rig, Ends Hyundai Dispute
Monday, March 13, 2017 Billionaire investor John Fredriksen agrees to buy an oil drilling vessel from South Korean shipyard Hyundai Samho Heavy Industries.

China's CEFC Courts 'Teapots' For First Domestic Refinery Acquisition
Friday, March 10, 2017 CEFC China Energy approaches several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.

Amec Foster Wheeler to Create 300 Jobs in Brunei After 'Major' Contract Win
Friday, March 10, 2017 Amec Foster Wheeler secures 'major' contract with Brunei Shell Petroleum Sdn Bhd (BSP) for the rejuvenation of assets in Brunei, which will see the company create over 300 local jobs.

China Says First Draft Of South China Sea Code Of Conduct Ready
Wednesday, March 08, 2017 A first draft of a code of conduct for behaviour in the disputed South China Sea has been completed, Chinese Foreign Minister Wang Yi says.

Floating LNG Production Bows Out As US Exports Roil Market
Monday, March 06, 2017 FLNG projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in US shale supplies and slumping prices.

China's Largest 'Teapot' Refiner, CEFC Team Up In Oil Terminal Venture
Friday, March 03, 2017 Dongming Petrochemical signs a deal with privately run CEFC China Energy, and a local port authority, to build a crude oil terminal in Shandong province.

Ezra Shares Slump After It Flags Exposure To Affiliate Seeking Bankruptcy
Friday, March 03, 2017 Shares of Singapore's Ezra Holdings Ltd fall by a fifth after it discloses it had provided guarantees on nearly $900 million in liabilities and loans of Emas Chiyoda Subsea Ltd (ECS).

SapuraKencana Petroleum Secures 4 Services Deals
Friday, March 03, 2017 SapuraKencana Petroleum Bhd has been awarded 4 engineering and construction contracts with a total value of around $97.4 million (RM433.4 million).

Southeast Asia's Oil, Gas Sector is Positioned for Growth
Thursday, March 02, 2017 With forecasts of FIDs and opportunities for decommissioning jobs in coming years, Southeast Asia can forge ahead as the oil and gas industry recovers from the downturn.

ONGC Said to See Spending Plans Curtailed by Potential Merger
Thursday, March 02, 2017 India's plan to push its top oil producer to fund a takeover of a state refining company may threaten some near-term investments.

China's Sinopec To Spend $29B Upgrading Four Refining Bases
Thursday, March 02, 2017 China's Sinopec group will invest $29.05 billion to upgrade 4 refining bases between 2016 and 2020 to produce higher-quality fuels, the company says.

China's Sinopec Plans Shale Gas Research Base
Wednesday, March 01, 2017 China's Sinopec Corp starts building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reports.

iSURVEY Secures Thailand Services Contract
Wednesday, March 01, 2017 iSURVEY Pte Ltd Singapore secures a marine construction survey support contract, with Solstad Offshore Asia Pacific, for works on-board the DLB 'Norce Endeavour'.

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.