Indonesia awarded two oil and gas exploration blocks located off northern Sumatra, to Conrad Asia Energy on Tuesday, a senior energy ministry official said, the first awarded this year. The two blocks have total estimated resources of 2.2 billion barrels of oil (BBO) and 13…
Sakhalin Oil and Gas Development Co (SODECO), a Japanese consortium, has decided to participate in the new Russian operator of the Sakhalin-1 oil and gas project in the Far East, an official at the Japanese industry ministry said. SODECO, which…
Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets…
India maintains a 'healthy dialogue' with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters. Russia last week issued a…
Japan will decide what to do about the Sakhalin-1 oil and gas project in Russia's Far East in consultation with its partners as it reviews details of a decree by Moscow, Japanese industry minister Yasutoshi Nishimura said on Tuesday.Russia last…
Australia's Federal Court will hear an appeal by Santos Ltd on Nov. 15-16 seeking to resume drilling at its $3.6 billion Barossa gas project off northern Australia over the objections of Tiwi Island indigenous land owners. Chief Justice James…
Australia's Federal Court on Wednesday ruled in favor of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in what Santos called a 'disappointing' setback for the $3.6 billion project.Traditional…
Santos Ltd has agreed to pause some drilling on the Barossa gas project in waters off northern Australia pending a court decision on a challenge by a group of Indigenous land owners seeking to stop the $3.5 billion project.Hearings on the case concluded on Friday at the Federal Court in Darwin…
Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high.Last week, Russia seized full…
Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like neighboring Sakhalin-2…
India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices.The new taxes, announced in government orders…
Malaysian oil and gas company Petronas has withdrawn from Blocks M12, M13, and M14 located in the Yetagun field, offshore Myanmar.'The decision was made following a thorough techno-commercial review in alignment with Petronas' asset rationalization…
Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd…
Petronas' subsidiary PC Ketapang II has won the North Ketapang block, located onshore and offshore East Java, Indonesia, during the second round of the Indonesia Petroleum Bid Round 2021.The result was announced by the Ministry of Energy and Mineral Resources…
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139…
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