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Asia Oil & Gas News - page 5

 

Philippines: Shell's Hydrogen Project Resumes as Covid-19 Restrictions Eased

Jun 17, 2020

Pilipinas Shell Petroleum Corp said on Wednesday it has resumed construction of an integrated hydrogen manufacturing facility at its Tabangao refinery in the Philippines, after being hampered by the coronavirus lockdown.Restrictions on movement…

How Will the Asia Pacific Upstream Sector Emerge from the Crisis?

Jun 17, 2020

The oil price crash has transformed the outlook for the region’s E&P sector. Globally, governments and operators have been forced into action to rework investment plans in response to the dual impact of the precipitous fall in both demand and oil prices…

Santos Offers First Bayu Undan Condensate Cargo

Jun 16, 2020

Australian oil and gas producer Santos has offered its first-ever Bayu Undan condensate cargo via a tender for loading in August, two sources with knowledge of the matter said.The 650,000-barrel cargo is scheduled to load on Aug. 8-12. The tender will close on June 17 with bids valid until June 18…

Russia: Maintenance Work Kicks Off at Sakhalin-2 Project

Jun 15, 2020

Russia's Sakhalin-2 liquefied natural gas (LNG) plant has started maintenance work set to last for just over a month at one of the plant's two lines, the company said on Monday.Sakhalin Energy had originally planned for work to be done on both lines at the same time…

Indonesia Targets IPOs of Pertamina Sub-holdings

Jun 12, 2020

Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into 'sub-holdings' and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…

One Person Dies as Fire Breaks Out at Kuwait Oil Field Drilling Tower

Jun 12, 2020

A fire erupted at a drilling tower in Kuwait's northern Sabriyah oil field, killing one person and injuring another, state-owned Kuwait Oil Company (KOC) said in a statement on its twitter account on Thursday.The incident, which happened early on Thursday…

Asia's Largest Oil Industry Meeting APPC Will be Virtual

Jun 11, 2020

Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…

PHOTO: CNOOC Completes First Development Well at Lingshui 17-2

Jun 11, 2020

Chinese oil company CNOOC has this week completed the drilling of the first development well at the Lingshui 17-2 (LS 17-2) gas field development in the South China Sea, offshore China.The info, along with the photos, was shared by CIMC-Raffles…

Sarawak State to Sue Petronas over Sales Tax

Jun 11, 2020

Malaysia's energy-rich Sarawak state will pursue legal proceedings against national oil company Petronas over the non-payment of sales tax, backtracking on a settlement agreement reached last month, national news agency Bernama reported.Petronas and Sarawak had reached a settlement in May…

Papua New Guinea Amends Oil, Gas, Mining Laws to Boost Revenue

Jun 11, 2020

Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas, and mine developments, which could impact talks on stalled projects planned by Exxon Mobil Corp and Newcrest Mining.The amended laws reflect a push by Prime Minister James Marape…

Refineries around Asia Join Chinese Peers in Increasing Production

Jun 10, 2020

Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.The average operating rate for refineries in Asia is expected to rise to 75…

Two Firefighters Die in Fire at Oilfield in India

Jun 10, 2020

Two firefighters from Oil India have died while trying to put out a massive blaze at an oilfield operated by the state-run explorer in India's northeastern Assam state, officials said on Wednesday.Oil India had suspended operations at the gas…

Japan's TEPCO to Spend $9-18B by 2035 on Offshore Wind, Hydro

Jun 10, 2020

TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…

Penspen in Offshore Platform Modification Deal in Myanmar

Jun 09, 2020

Offshore engineering company Penspen has won a contract with a Myanmar oil and gas company for an offshore natural gas project in Myanmar.The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification…

Saudi Oil Price Hike Throws Asian Lifeline to U.S. Shale

Jun 09, 2020

Saudi Arabia's decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers to boost sales to the region that consumes more oil than anywhere else in the world.State-controlled producer Saudi…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

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China's MingYang Launches 11MW Offshore Wind Turbine

IEA Bumps Up 2020 Oil Demand Forecast

IEA Bumps Up 2020 Oil Demand Forecast

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GTT to Design Tanks for COSCO LNG Tanker Trio

Australian Offshore Safety Regulator to Resume Physical Inspections

Australian Offshore Safety Regulator to Resume Physical Inspections

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Eni Hires Polarcus for Asia Pacific Survey

Eni Hires Polarcus for Asia Pacific Survey

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