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Asian Natural Gas News

 

Where Next for Exploration in Asia Pacific?

Feb 18, 2020

The drill bit still plays a key role across the region, with exploration increasingly the domain of national oil companiesReports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration. Spend has halved since its peak, and only the boldest exploration teams now take difficult wells in tough locations to their investment committees…

Oil Search Q2 Revenue Falls About 30%

Jul 20, 2020

Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil and gas explorer recorded a revenue of $266…

Gazprom Aims to Increase Gas Supplies to China

Jul 14, 2020

Russia's Gazprom is committed to supply as much as 130 billion cubic meters of gas (bcm) to China annually in the longer term, a company official told a conference call on Tuesday.Gazprom currently supplies gas to China via the Power of Siberia…

Chevron Files Plans for Subsea Infrastructure Expansion at Gorgon

Jun 15, 2020

Chevron has filed an environment plant to Australian regulators related to the expansion of the subsea gathering network within the existing Gorgon and Jansz–Io offshore gas fields in Australia.Chevron Australia is the operator of the giant Gorgon project…

Virus Outbreak Weighs on China's Gas Demand

Feb 12, 2020

Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.Estimates…

Coronavirus Paralyzes Oil, Gas Sales into China

Feb 05, 2020

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said…

Aramco Sells LNG Cargo to S-Oil

Jan 22, 2020

Aramco Trading Co, the trading arm of oil giant Saudi Aramco, has sold a liquefied natural gas (LNG) cargo to South Korea's S-Oil Corp, as the company looks to ramp up its LNG business, four industry sources said on Wednesday.The cargo is for…

'Power of Siberia' Pipeline Begins Flow to China

Jan 22, 2020

China has started to consume Russian gas via the newly launched 'Power of Siberia' pipeline, said CNPC-backed Kunlun Energy Ltd, operator of the pipeline in China, on Wednesday.The company receives 250,000-300,000 cubic meters of pipeline gas daily from Russia…

Indonesia Plans New Gas Pricing for Industrial Users

Jan 09, 2020

Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday.Indonesia's President Joko Widodo earlier…

Planned $2 Bln LNG Project Shelved in the Philippines

Dec 18, 2019

Plans for the $2 billion Tanglawan LNG hub venture in the Philippines have been put on hold by backers CNOOC Gas and Power of China and Phoenix Petroleum Philippines Inc.The facility was supposed to have a capacity of 2.2 million tonnes per year…

Malaysian State Open to Buying Petronas Stake

Dec 11, 2019

Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…

Neptune Buys East Sepinggan Stake

Dec 05, 2019

Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…

Santos Lifts 2025 Production Forecast

Dec 03, 2019

Santos Ltd on Tuesday increased its forecast for 2025 production by 20% underpinned by oil and gas projects it plans to develop in Australia and Papua New Guinea.The company plans to produce 120 million barrels of oil equivalent (mmboe) a year by 2025…

Topside Floated for Dongfang Gas Field

Nov 28, 2019

ALE performed an 18,000t topside load-out and floatover transportation from a yard in Zhuhai, China. The topside will form part of a new offshore platform in the South China Sea to support natural gas development in the region.The Dongfang gas…

CNPC's $8.5 Bln Gas Storage Project Starts Construction

Nov 20, 2019

China National Petroleum Corp's (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaoning province on Wednesday, the state-backed China News Service said.The project, jointly invested…

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MHI Vestas, CIP Lease 5000 sqm Site in Taiwan for Offshore Wind Turbine Works

MHI Vestas, CIP Lease 5000 sqm Site in Taiwan for Offshore Wind Turbine Works

Reuters: Malaysia Probing Aker Solutions over Petronas Dealings

Reuters: Malaysia Probing Aker Solutions over Petronas Dealings

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