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Asia Oil & Gas News

 

India's ONGC Willing to Wait to Regain Oil from Russian Project

Sep 20, 2023

India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh, said on Tuesday.Russian President Vladimir Putin last year removed an Exxon Mobil subsidiary as operator of the Sakhalin-1 oil and gas project in Russia's Far East and transferred it to a new operator…

Wood Resigns from Valeura Energy Inc. Board to Pursue Full-time Senior Management Role

Sep 20, 2023

Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, on Wednesday announced the departure from its board of directors of independent director, Kimberley Wood, effective September 18…

Japan Responds to Fresh Sanctions on Arctic LNG 2

Sep 19, 2023

Japan will ensure stable and steady energy supply to the country even after the U.S. imposed fresh sanctions related to Russia's Arctic LNG 2 project, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Tuesday.The Arctic LNG 2 project…

Shanghai Electric's Service Operation Vessel Duo Launched

Sep 18, 2023

Two Ulstein-designed Service Operation Vessels (SOV) for Shanghai Electric were launched at the ZPMC construction yard in China on Saturday, September 16.The two vessels are of the ULSTEIN SX195 and SX197 design, carrying 100 POB and 60 POB…

China's 'Teapot' Refiners Mop Up Swelling Iranian Crude, Defying US Curbs

Sep 14, 2023

Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China's 'teapots'…

Longboat Energy Expands Stake in Block 2A Offshore Sarawak with Topaz Acquisition

Sep 13, 2023

Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…

Russia's Sakhalin Energy Resumes Operations in Full After Maintenance

Sep 12, 2023

Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance, Interfax news agency reported on Tuesday, quoting Gazprom's Deputy CEO Vitaly Markelov.The company has said it planned maintenance in July without providing a timeframe…

Taiwan: Formosa 2 Offshore Wind Farm Reaches Commercial Operation Date

Sep 08, 2023

Formosa 2 offshore wind project in Taiwan has achieved commercial operation date (COD), becoming the first Round 2 offshore wind project in Taiwan to reach this milestone.The Formosa 2 offshore wind project is a joint development project by JERA (49%)…

JERA Sees Muted Impact on LNG Prices from Potential Strike in Australia

Sep 07, 2023

Japan's JERA, one of the world's biggest buyers of liquefied natural gas (LNG), expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand, a top executive said on Thursday.'I think the real impact is not much…

Thailand Regasification Capacity to Nearly Double by 2030 - PTT

Sep 06, 2023

Thailand's annual gas regasification capacity will nearly double by the end of the decade as liquefied natural gas (LNG) imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday…

Indonesia Scrambles to Boost Use of Gas in Energy Transition

Sep 05, 2023

Natural gas will play a key role in Indonesia's energy transition, thanks to discoveries in past years as oil production declines, energy official Tutuka Ariadji said on Tuesday.The southeast Asian nation, which is stepping up development of gas projects such as Masela…

World's Largest LNG Carrier Earns ABS Approval

Sep 05, 2023

The American Bureau of Shipping (ABS) issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new  liquified natural gas (LNG) carrier design, currently the world’s largest with 271,000 cubic meters of cargo tank capacity…

ONGC to Invest $24.2 Billion to Meet Net-zero Emissions Goal

Aug 31, 2023

India's top explorer Oil and Natural Gas Corp (ONGC) plans to invest 2 trillion rupees ($24.17 billion) on clean energy projects in order to meet its 2038 net-zero carbon emissions goal, chairman Arun Kumar Singh said on Tuesday.The company…

Transocean Awarded $222 Million Drillship Contract

Aug 31, 2023

Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding…

Petronas Posts Lower Profit as Energy Prices Drop

Aug 30, 2023

Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…

Current News

Chevron Accepts Australian Labour Tribunal's Terms to End Strike at LNG Plants

Chevron Accepts Australian Labour Tribunal's Terms to End Strike at LNG Plants

Remote Operations: Challenges & Opportunities

Remote Operations: Challenges & Opportunities

Wood Resigns from Valeura Energy Inc. Board to Pursue Full-time Senior Management Role

Wood Resigns from Valeura Energy Inc. Board to Pursue Full-time Senior Management Role

India's ONGC Willing to Wait to Regain Oil from Russian Project

India's ONGC Willing to Wait to Regain Oil from Russian Project

ABS AIP for an Offshore Hydrogen/Ammonia Production Platform

ABS AIP for an Offshore Hydrogen/Ammonia Production Platform

Aramco, Exxon CEOs Push Back against Forecasts of Peak Oil Demand

Aramco, Exxon CEOs Push Back against Forecasts of Peak Oil Demand

Japan Responds to Fresh Sanctions on Arctic LNG 2

Japan Responds to Fresh Sanctions on Arctic LNG 2

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