Asian Oil & Gas Regulations


Australian Energy Regulator Accuses Santos of Record-keeping Violations

Oct 19, 2023

Australia's energy regulator initiated on Thursday a lawsuit against Santos Ltd saying the oil and gas producer breached auction record-keeping rules between March 2019 and June 2021.The Australian Energy Regulator (AER) started the proceedings…

Iran Says Will Pursue Rights over Durra Offshore Gas Field

Jul 31, 2023

Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. 'If there is no willingness to cooperate, Iran will pursue its rights and benefits…

Kuwait, Saudi Arabia Have 'Exclusive rights' in Durra Offshore Gas Field - Kuwait Oil Minister

Jul 10, 2023

Kuwait and Saudi Arabia have 'exclusive rights' in the Durra gas field in the Arabian Gulf, Kuwait Oil Minister Saad Al Barrak said on Sunday, and he called on Iran to validate its claim to the field by demarcating its own maritime borders first…

Kazakhstan to Press Ahead with $16.5B Claim Against Oil Majors

Jun 06, 2023

Kazakhstan is pressing ahead with $16.5 billion in claims against international oil majors over disputed project costs and has no plans for a possible out-of-court settlement, Energy Minister Almasadam Satkaliyev said on Tuesday.The legal wrangling…

Baron Oil Gets Six-Month Extension for Chuditch PSC Offshore Timor-Leste

Jun 02, 2023

Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…

Malaysia's Anti-graft Agency Says Probing Petronas, International Oil Firm

May 26, 2023

Malaysia's Anti-Corruption Commission (MACC) on Friday said it is investigating allegations of corruption involving state oil firm Petronas and an international oil and gas company.Petronas has cooperated fully with the commission in the investigation…

Japan Picks Five Promising Zones for Offshore Wind Farms

May 12, 2023

The Japanese government said on Friday it had chosen five sites off the coast of Hokkaido as 'promising zones' for developing offshore wind farms, marking the second stage in a three-part selection process. The move comes as Japan looks to accelerate…

Indian Court Upholds Tribunal Ruling Favoring Reliance in Gas Migration Dispute

May 09, 2023

Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd, a court order shows. The oil…

Australia Passes Tougher Emissions Reduction Law that Hits Gas Investments

Mar 30, 2023

New rules that cap total Australian greenhouse gas emissions and curb some new gas and coal investments in the country will come into effect on 1 July after parliament passed an upgraded emissions reduction plan on Thursday.The 'Safeguard Mechanism'…

Oman to Offer Offshore Oil and Gas Blocks in 2023 - Tweet

Mar 02, 2023

Oman is in the preparation process to offer a new batch of oil and gas concession areas by the end of the first quarter of 2023, the energy ministry said in a tweet on Thursday.While the first batch will target onshore blocks, the Gulf-state…

India Bans Oil Tankers, Bulk Carriers Older than 25 Years

Feb 28, 2023

India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet…

Australia Steps Up Its Renewable Energy Game with Proposed Offshore Wind Zone

Feb 24, 2023

The federal government of Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, a region of New South Wales, Australia.The government said that the proposed offshore wind area, which sits alongside the Hunter…

Vietnam to Further Delay Rules for Multi-billion-dollar Offshore Wind Power

Feb 16, 2023

Vietnam may not have a legal framework to regulate offshore wind farms until next year, a European Union business representative said on Thursday, a delay that could stall billions of dollars of foreign investment in the sector. Vietnam has big offshore wind power potential…

Australia: Court Quashes Ex-PM's Decision to Block Offshore Gas Project

Feb 16, 2023

An Australian court on Tuesday overturned a controversial decision by the previous prime minister to block a gas exploration project off the country's east coast, opening the door for the project to be reconsidered.The Federal Court quashed…

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