Asia News


Singapore Petroleum Builds New Oil Storage, Distribution Center

Oct 26, 2018

Singapore Petroleum Company, a subsidiary of PetroChina International, said in a statement on Friday it completed a new oil products storage and distribution terminal on Jurong Island, an artificial island off Singapore's southwest coast.The…

Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie

Oct 25, 2018

Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices, it said.Leading the charge is China…

Total and CNOOC Strengthen LNG Partnership

Oct 22, 2018

French energy group Total and China's CNOOC have strengthened their existing partnership in the liquefied natural gas (LNG) sector to increase their output, the companies said on Monday.Total and CNOOC said they had agreed to increase the contract volume from 1 million tons per annum (Mtpa) to 1…

Indonesia Awards Two Oil and Gas Blocks

Oct 22, 2018

Indonesia awarded two oil and gas blocks of six auctioned by the government, deputy energy minister Arcandra Tahar told reporters on Monday.Indonesia awarded South Jambi B gas block to Hong Kong Jindi Group Ltd and Banyumas exploration block to Indonesia's PT Minarak Brantas Gas…

Saudi Aramco to Invest in China

Oct 22, 2018

Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Petrochemical’s new refinery project.Abdulaziz Al Judaimi…

Hibiscus Petroleum to Double Production

Sep 27, 2018

Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…

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