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Asia Oil & Gas News - page 109

 

Ships Carrying Stored Gasoline to Discharge Cargoes in Indonesia

Jun 04, 2020

Two of six tankers used to store gasoline in Asia have arrived in Indonesia, with shipments into Asia's largest petrol importer expected to rise this month versus May as Pertamina replenishes stocks, according to industry sources and Refinitiv shipping data…

Petronas Completes First LNG Cargo Delivery to Myanmar

Jun 04, 2020

Malaysia's Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.The state-owned company's subsidiary Petronas LNG delivered two LNG cargoes to Yangon…

SapuraEnergy Nets $179,6M in New Deals Across SE Asia

Jun 03, 2020

Malaysian energy and offshore services company Sapura Energy has revealed it has recently secured a batch of contracts across Southeast Asia worth RM766 million ($179,6 million) in total.The contracts are secured by Sapura Energy's subsidiaries…

KrisEnergy Suspends Wassana Oil Field Production 'Until Further Notice'

Jun 03, 2020

Singapore-based oil and gas company KrisEnergy has suspended production from its Wassana oil field in the Gulf of Thailand citing Covid-19 pandemic and low oil prices. It will cut its Thailand workforce by 25 percent, too.'In view of the many…

Saudi Arabia, Russia Reach Deal on Oil Output Cut Extension

Jun 03, 2020

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters…

China: Empyrean Gets More Time to Drill at 29/11 offshore block

Jun 03, 2020

London AIM-listed oil and gas explorer Empyrean Energy has been given more time to drill a well in its 29/11 offshore block in China.Empyrean said Wednesday that, due to the COVID-19 pandemic and the resultant global control policies, it engaged…

Oil Gains, with Brent above $40

Jun 03, 2020

Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.Brent crude futures for August were up 78 cents…

Siemens Equipment for Large Gas Field Project Offshore Malaysia

Jun 03, 2020

Siemens Gas and Power has been awarded a contract to supply gas turbine generators, gas turbines and centrifugal compressors for the Petronas' Kasawari gas field development project offshore Sarawak in Malaysia. The order was made by Malaysia…

Kawasaki Heavy Orders Corvus' Blue Marlin Energy Storage System

Jun 02, 2020

Japan's Kawasaki Heavy Industries (KHI) has ordered the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS) Blue Marlin.According to Corvus, which plans to market the system to the offshore energy market…

China Approves $20B Mega Petchem Complex

Jun 02, 2020

China's state planner has given initial approval for a $20 billion refinery and petrochemical project to be built in Shandong province, the country's hub for independent oil refineries, said two persons with knowledge of the matter.China's National…

Oil Prices Rise Ahead of OPEC+ Meeting on Further Output Cuts

Jun 02, 2020

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…

Qatar Petroleum in 'Largest LNG Shipbuilding Deal in History'

Jun 01, 2020

Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…

ONGC Moves 33 Offshore Rigs Ahead of Monsoon Season

Jun 01, 2020

ONGC has moved  33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

Gastech Postponed for 2021

May 28, 2020

Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19 pandemic.The event was expected to take place in Singapore in September this year, however, the organizers have now decided to delay the event to September 13 to 16…

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

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