Woodside’s North Rankin Complex in Western Australia. The company hopes to tap Timor Sea reserves. (Woodside) Exploration & Production

Signs East Timor softening Greater Sunrise stance

East Timor has insisted for the past five years that the Greater Sunrise fields be developed on its shores or not at all, but this commitment may be wavering.

By Damon Evans 21 March 2017
LNG

Kogas, Jera and CNOOC to cooperate on buying LNG

Kogas has signed a memorandum of understanding with Japan’s Jera and China National Offshore Oil Corp to exchange information and "cooperate in the joint procurement of LNG".

23 March 2017
LNG

India’s Gail looking to buy LNG cargo

Gail India has launched a tender for an LNG cargo for delivery in the first half of April.

22 March 2017
Exploration & Production

Eni’s Jangkrik FPU ready to start operations

Eni’s Jangkrik FPU is ready to sail to its final destination in the Muara Bakau block in the Kutei Basin, Makassar Strait.

21 March 2017
Exploration & Production

Pertamina earmarks $190 mln to explore Mahakam Block

Indonesia’s state-run oil and gas company, Pertamina, has allocated $190 million to explore and develop the Mahakam Block in East Kalimantan.

17 March 2017
Companies & Finance

Petronas reports 6.7% decline in earnings for 2016

Malaysia’s state-owned Petronas reported a 6.7% decline in earnings before EBITDA to $15.9 billion for 2016.

16 March 2017
Exploration & Production

ONGC to sink $3.3 bln into ultra-deepwater UD-1 block

India’s Oil and Natural Gas Corp. will invest INR 215 billion to develop the country’s deepest gas discovery.

16 March 2017
LNG

Southeast Asian exporters feel the pinch in 2016

Falling LNG prices in 2016 hit revenues for Southeast Asia’s LNG exporters, but volumes remained remarkably stable year on year.

16 March 2017
LNG

Ichthys LNG project hit with pay dispute

Australia’s Ichthys LNG export project has been halted in the final stages of construction over a pay dispute with a Japanese supplier.

15 March 2017
LNG

Japanese LNG prices return to ‘normal’

LNG import prices in Japan have returned to "normal", after increasing by as much as 80% following the 2011 Fukushima nuclear disaster.

15 March 2017
LNG

Myanmar to launch LNG tender in April

Myanmar’s Ministry of Energy plans to launch an international tender in April to build the country’s first floating LNG terminal.

14 March 2017
LNG

Pakistani LNG imports to double

LNG imports into Pakistan are forecast to double from their current levels by July 2017, official sources have said.

14 March 2017
LNG

Asian LNG prices continue to fall

Asian spot LNG prices continued their downward trend last week as the region entered the shoulder months of the demand cycle.

14 March 2017
Singapore’s LNG terminal, which aims to offer bunkering services later this year. (Singapore LNG Corp.) Gas for Transport

Chicken-and-egg problem for Asian LNG bunkering

Asia faces a dilemma in developing LNG bunkering infrastructure, which could mean it will take time for the fuel to be used for shipping.

14 March 2017
Gas for Transport

Indonesia should encourage NGV uptake – minister

Indonesia’s deputy energy and mineral resources minister, Arcandra Tahar, has said the country needs to encourage car owners to switch their vehicles to run on natural gas.

13 March 2017
Supply & Demand

Thailand working to liberalise its energy sector

Thailand is in the process of liberalising its energy sector, with private companies now allowed to be involved in CNG stations, pipeline operations, gas transport and LNG sales.

13 March 2017
LNG

Lower prices drive up India’s LNG imports in 2016

India’s LNG imports soared by nearly 30% in 2016, driven by significantly lower prices for the fuel.

13 March 2017
LNG

CPEC to provide China with new route to Middle East resources

Implementation of the China-Pakistan Economic Corridor is making progress.

10 March 2017
Exploration & Production

India to open sedimentary basins for exploration

India will open all 26 of its sedimentary basins for hydrocarbon exploration in a bid to expand indigenous oil and gas production.

10 March 2017
Exploration & Production

Oil India to develop enhanced oil recovery techniques

Oil India has signed an MOU with the University of Houston to collaborate on the development of enhanced oil recovery techniques using carbon dioxide.

10 March 2017
Companies & Finance

South Korean president to be removed from office

South Korea’s Constitutional Court has voted unanimously to remove President Park Geun-hye from office following a sweeping corruption scandal.

10 March 2017

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