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$77B Earmarked to Boost China's Domestic Oil Output
Monday, March 25, 2019 China's big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year.
$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.
LNG Prices Hit 17-month Low in North Asia
Friday, February 22, 2019 A flurry of prompt supply, from Australia to Indonesia, has kept the market well supplied.
Ophir Agrees to $511MM Takeover Deal by Medco
Wednesday, January 30, 2019 Indonesian company Medco has won its takeover deal for Ophir Energy at 55 pence per share.
CNOOC Leading the Way for China's NOCs
Friday, January 25, 2019 CNOOC has laid out a bullish plan, but keep it in the proper context, says analyst.
Trump Admin Wants to Make Asia Great for Energy Investors
Tuesday, October 16, 2018 A Trump administration official says that making the region an attractive place for private energy firms to invest is a key US foreign policy goal.
APAC Oil and Gas Sector Set to Rebound
Monday, October 15, 2018 APAC's oil and gas sector looks set to rebound over the next 12 months, according to Wood Mackenzie.
Shanghai Crude Benchmark: 'Eccentric Outlier' Rather Than Contender?
Wednesday, August 08, 2018 The crude futures contract that China launched with ambitions to challenge U.S. and European benchmarks is proving to be an eccentric outlier rather than a legitimate rival.
BP Holds Millions Of Barrels Of Oil Off China As Demand Falters
Friday, June 29, 2018 Four supertankers chartered by energy major BP have been held up or delayed off China's east coast over the last two months.
CAPEX Among Asia's O&G Companies Set to Reach $102B in 2018
Monday, May 21, 2018 CAPEX among Asia's oil and gas companies is set to register a 37% year-on-year increase in 2018, oil and gas analysts at BMI Research confirm.
Former Chief Of Vietnam's State Energy Firm Loses Bid To Overturn Jail Term
Monday, May 14, 2018 Vietnam's highest-ranking official jailed in decades lost his bid on Monday to set aside a 13-year sentence for financial irregularities when he was chairman of state energy firm Petrovietnam, his lawyer says.
After Targeting US Farms, China Can Strike America's Shale
Friday, April 06, 2018 China's tariffs in one corner of the energy market signal US shale fields may follow the nation's farms as a target if a trade war escalates.
Petrovietnam Says S. China Sea Tension To Hurt Offshore Operations
Tuesday, April 03, 2018 Tension in the South China Sea will hurt PetroVietnam's offshore exploration and exploitation activities this year, the state-run oil and gas group says.
China's Oil Futures: Frazzle or Dazzle for Foreign Traders?
Thursday, March 22, 2018 Shanghai Crude aims to rival the world's two crude benchmarks.
Philippines, China To work Out How To Tap Oil, Gas That Both Sides Claim
Wednesday, February 14, 2018 The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea.
APAC Offshore Decommissioning Could Cost Over $100B
Thursday, February 01, 2018 Decommissioning Asia Pacific's offshore assets, comprising nearly 2,600 platforms and 35,000 wells, could cost over $100 billion.
50 South East Asian Fields 'Likely' to be Approved for Development to 2020
Wednesday, January 24, 2018 50 oil and gas fields in South East Asia (SEA) will likely be approved for development during the three-year period from 2018 through 2020.
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.
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.
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.
Malaysia's Petronas Asked To Exit Myanmar In Protest Of Rohingya Crisis
Wednesday, November 08, 2017 Malaysian members of parliament ask state energy firm Petronas to exit its Myanmar operations.
Petrochina's Q3 Net Profit Leaps
Monday, October 30, 2017 China's largest oil and gas producer PetroChina reports a leap in 3Q net profit on rebounding crude prices and deleveraging.
New China Energy Star Still Hungry After $9 Billion Rosneft Deal
Thursday, September 14, 2017 An obscure conglomerate has been thrust into the spotlight.
US Is Said to Seek a Ban on Crude Oil to North Korea at UN
Wednesday, September 06, 2017 The US is circulating a draft resolution at the United Nations that would bar crude oil exports to North Korea.
China Backs Joint Energy Development With Philippines In Disputed Sea
Tuesday, July 25, 2017 China's foreign minister says he supports the idea of joint energy ventures with the Philippines in the disputed South China Sea.
Top Oil Buyer's Demand in Peril as OPEC Wrestles Over Output
Wednesday, July 19, 2017 Oil bulls grappling with OPEC's weakened resolve to curb output are also having to worry about waning demand.
CNPC Gas Pipeline Blast Kills 8, Injures 35
Monday, July 03, 2017 At least 8 people died and another 35 were injured in a natural gas pipeline explosion in southwest China's Guizhou Province on Sunday, Xinhua news agency reports.
Petronas' Stake Sale Of Offshore Gas Asset Advances To Second Round
Monday, June 05, 2017 The sale by Malaysian energy firm Petronas of an estimated $1 billion stake in a local upstream gas project has moved to the 2nd round.
Saudi Aramco Trading Arm Hiring Staff For Singapore Push
Thursday, June 01, 2017 The trading arm of oil giant Saudi Aramco is looking to step up hiring for its Singapore office as it pushes into the regional energy hub.
Saudi Arabia, Russia Push to Extend Oil Output Cut until March 2018
Monday, May 15, 2017 Saudi Arabia's energy minister and his Russian counterpart pledged to "do whatever it takes" to reduce the crude inventory overhang.
MPRC Exec: Asia Good Place for Downstream Workers
Friday, May 05, 2017 Asia is a good place to go for downstream oil and gas professionals, according to MPRC senior vice president.
Chinese Shale Gas Target Met with Skepticism
Friday, April 28, 2017 China's target to produce around 3 billion cubic feet per day of shale gas by 2020 has been met with doubt by oil and gas analysts at Tudor, Pickering, Holt & Co.
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.
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.
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.
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.
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.
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.
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.
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.
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.
China's Oil Majors Set To Lift CAPEX For First Time In Years
Thursday, January 26, 2017 China's oil majors are expected to pump up spending in 2017 for the first time in years, scrambling to squeeze more barrels of crude out of ageing domestic wells in the hope that higher prices are here to stay.
China Jails Former Sinopec President For 15-1/2 Yrs Over Graft
Tuesday, January 24, 2017 A Chinese court has jailed Wang Tianpu, the former president of energy giant Sinopec Group, for 15-1/2 years for graft.
Indonesia Overhauls System For Future Oil, Gas Contracts
Thursday, January 19, 2017 Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government.
China's Inescapable Oil Slide Is a Record-Breaking OPEC Gift
Tuesday, January 17, 2017 OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
Thursday, January 12, 2017 China's crude oil demand will grow by 3.4% this year to a record of almost 12 million barrels per day as refiners in the world's second-biggest oil user ramp up output.
ExxonMobil: New Gas Discovery at Papua New Guinea Well
Wednesday, December 28, 2016 Exxon Mobil Corporation announced Wednesday a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles northwest of the Hides Gas Field.
CNPC Plans To Cut HQ Staff By 20% In Efficiency Drive
Wednesday, December 14, 2016 China National Petroleum Company plans to cut staff at its Beijing headquarters by 20%, the company said in a post on its social media blog on Tuesday.
SapuraKencana: Short-Term Industry Outlook Uncertain
Thursday, December 08, 2016 The short-term industry outlook remains uncertain, although there are early indications that the oil price is heading towards a path of stability in the medium term, SapuraKencana says.