East & SE Asia News


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Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.

Singapore Files More Charges Against Shell Oil Theft Suspects
Monday, January 15, 2018 A Singapore court filed additional charges against 9 men accused in a large-scale oil theft at Shell's biggest refinery.

Russell: China's Oil Product Export Surge Shows Risks To OPEC's Gains
Monday, January 15, 2018 The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable.

As Oil Hits $70, Warning Lights Flash Up In Asia
Friday, January 12, 2018 Oil prices rose above $70 per barrel for the first time since 2014, but some traders are sounding a warning.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Coast Guard: Stricken Iranian Oil Tanker Drifts Into Japan's Economic Zone
Friday, January 12, 2018 Japan's Coast Guard says a stricken Iranian oil tanker has drifted away from the Chinese coast and into Japan's exclusive economic zone.

Production Outages Tighten Asian Gas Market
Friday, January 12, 2018 Asian spot LNG prices rose this week on falling production from Russia, Angola and Malaysia in an already tight market.

China's Gas Imports Jump To Record High As Winter Weather Bites
Friday, January 12, 2018 China's natural gas imports soared to a record in December as the country battled a winter supply crunch.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

Explosion On Iranian Oil Tanker Forces Rescue Team To Retreat
Wednesday, January 10, 2018 Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea following an explosion on the ship.

China's Sinochem Ties Up With Private Chemical Group In Oil Trading
Wednesday, January 10, 2018 Sinochem Group has agreed on a framework deal with China's private chemical giant Hengli Group.

Singapore Uncovers Large Oil Heist At Shell's Biggest Refinery
Tuesday, January 09, 2018 11 men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell's biggest refinery.

Iranian Oil Tanker Burns For Third Day As Winds, High Waves Lash Rescuers
Tuesday, January 09, 2018 Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.

Rescue Crews Wrestle To Tame China Oil Tanker Fire; Body Of Mariner Found
Monday, January 08, 2018 Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday.

Vietnam Starts High-Profile Trial Over Oil Firm Losses
Monday, January 08, 2018 Vietnam begins the trial of 22 executives charged over losses totalling hundreds of millions of dollars at state oil firm PetroVietnam.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

KrisEnergy Appoints New Non-Executive Director
Friday, January 05, 2018 KrisEnergy Ltd appoints Chris Ong Leng Yeow, CEO of Keppel Offshore & Marine Ltd, as a non-executive director.

China Says Will Limit Oil, Refined Product Exports To N.Korea
Friday, January 05, 2018 China's Commerce Ministry will limit exports of crude oil, refined oil products, steel and other metals to North Korea.

Asian Refiners Face High Volumes of Western Naphtha
Friday, January 05, 2018 The volumes due from the West are way above 2017's average monthly arrivals of 1.2 million tonnes.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Formosa Petrochemical Says To Run Mailiao Refinery Near Full Capacity
Thursday, January 04, 2018 Taiwan's Formosa Petrochemical Corp plans to run its Mailiao refinery at near full capacity in January and February.

Indonesia's Upstream Sector in 'Dire' Need of Additional Investment
Wednesday, January 03, 2018 Indonesia's 'embattled' exploration and production sector is in 'dire' need of additional investment, according to BMI Research.

Shell Progresses Hong Kong, Macau LPG Business Sale
Wednesday, January 03, 2018 Royal Dutch Shell plc completes the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG.

Coal Bed Methane Producer Changes Name
Wednesday, January 03, 2018 Green Dragon Gas Ltd changes its name.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

Curacao Nixes Refinery Operation Deal With China firm
Wednesday, January 03, 2018 The government of Curacao has scrapped a preliminary agreement with China's GZE to operate the island's aging Isla refinery.

China Set To Top Japan As World's Biggest Natural Gas Importer
Wednesday, January 03, 2018 Beijing's crackdown on pollution has put China on track to overtake Japan this year as the world's biggest importer of natural gas.

Sino Gas Submits Development Plan for Sanjiaobei
Tuesday, January 02, 2018 Sino Gas & Energy Holdings Limited submits the Sanjiaobei Overall Development Plan to its PSC partner PetroChina CBM for approval.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

What to Watch for in the Downstream in 2018
Tuesday, January 02, 2018 Expert panel offers 2018 outlook for refining, petchems, LNG and more.

Spot Prices Steady Above 3-Year Highs As Cold Spurs Buying
Tuesday, January 02, 2018 Asian spot LNG prices held above three-year highs on Tuesday.

China Will Strictly Implement UN Resolutions On North Korea
Tuesday, January 02, 2018 China will continue to fully, accurately and strictly implement UN's sanctions on North Korea in accordance to Chinese laws, the commerce ministry says.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Glencore Sells Parts Of Oil Storage To China's HNA, Awaits US Clearance
Friday, December 29, 2017 Glencore has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China's HNA Group.

China Accelerates Stockpiling Of State Oil Reserves Over 2016/17
Friday, December 29, 2017 China's state oil reserves increased by nearly 14% between June 2016 and June 2017, official data shows.

China's Chongqing Gas Exchange Aims To Be Asia Price Benchmark
Friday, December 29, 2017 China plans to launch a natural gas exchange in Chongqing in early 2018.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

The 2017 Downstream Countdown: 10 to 6
Thursday, December 28, 2017 Find out which countries were vying for the top LNG exporter spot in 2017.

Trump 'Disappointed' China Allowing Oil Into North Korea
Thursday, December 28, 2017 US President Donald Trump on Thursday said he was 'very disappointed that China is allowing oil to go into North Korea.'

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

The 2017 Downstream Countdown: 15 to 11
Wednesday, December 27, 2017 Here's a recap of the top downstream articles on Rigzone in 2017, starting with numbers 15 through 11.

Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay
Wednesday, December 27, 2017 The next chief of Sinopec Group can expect to get a fraction of what counterparts at international energy companies earn.

Hyundai Heavy Plunges by Record on $1.2 Billion Sale Plan
Wednesday, December 27, 2017 Hyundai Heavy Industries fell by a record following its plan to raise about $1.2 billion.

US Gas Sales to China Boom as Buyers Seek to Avoid Pinch
Wednesday, December 27, 2017 China's imports of LNG from the US jumped last month.

India Challenges China As World's Biggest LPG Importer
Wednesday, December 27, 2017 India is set to surpass China as the biggest importer of LPG this month as a drive to replace wood and animal dung fires for cooking boosts consumption.

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