An offshore rig at the Mahakam block. Exploration & Production

Indonesia ups Mahakam offer for Total and Inpex

Indonesia is hoping the offer of a larger stake will keep Total and Inpex interested in the Mahakam field.

By Damon Evans 15 December 2017
LNG

Be patient, Washington tells Tokyo

Washington has urged Tokyo to be patient about gas supply, a newspaper said on Wednesday, in a sign that United States domestic politics is directly affecting Japanese energy policy.

31 May 2012
Exploration & Production

The Krishna Godavari D6 Block cost-recovery battle

The long-running argument between India and Reliance Industries over production from the Krishna Godavari D6 Block has flared again, with the government moving to limit the company’s cost-recovery.

30 May 2012
Companies & Finance

Indonesia oil, gas investment to exceed $15.8 bln – BPMigas

Indonesia’s upstream regulator BPMigas expects investment to its target of $15.8 billion this year.

30 May 2012
LNG

Kogas attempts to lever overseas projects

Kogas, South Korea’s state-owned gas company and the world’s largest corporate importer of LNG, has said it expects to invest $2.5 billion in 2012, 50% more than in 2011, to develop overseas oil and gas projects.

29 May 2012
Companies & Finance

Iran cancels $2 billion contract with China for hydroelectric dam

Iran has cancelled a $2 billion contract with the Chinese to build a hydroelectric dam, the AFP news agency reported on Tuesday, citing local media reports.

29 May 2012
Companies & Finance

PGN sets aside funds to buy domestic licences

Indonesian gas distributor Perusahaan Gas Negara (PGN) has set aside funds to buy gas blocks to protect domestic supplies.

29 May 2012
LNG

Will the Philippines realise its LNG ambition?

Energy World Corp. is preparing to begin construction on the Philippines’ first LNG import facility, a project it has touted as crucial to the country’s waning gas supply. But analysts question the project’s likelihood of success.

25 May 2012
Exploration & Production

WA backs exploration for unconventional gas

Companies exploring for new sources of unconventional gas in Western Australia (WA) will continue to benefit from state support as a result of new budgetary measures, a move which could lead to further discoveries of shale gas and CBM alongside conventional reserves.

25 May 2012
Companies & Finance

Dutch club funds semi-submersible rig

Netherlands-based Fairstar Heavy Transport has signed off on a $247 million syndicated loan facility that will be used to satisfy the outstanding payment obligations to Guangzhou Shipbuilding International for two semi-submersible vessels.

25 May 2012
Supply & Demand

Japan posts record April trade deficit as fuel bill grows

Japan posted a record trade deficit in April on the back of slowing exports to Europe and China and ever-growing imports of LNG and oil, data from the Ministry of Finance showed on Wednesday.

24 May 2012
LNG

Investors back APLNG for the long term, despite challenges

Australia Pacific LNG’s (APLNG’s) developers have officially agreed to a project financing facility worth $8.5 billion to help fund the downstream components of their LNG export project in Queensland.

24 May 2012
Companies & Finance

Australia reports booming investment in mining, energy

Australia has reported a record A$260.8 billion ($255.0 billion) in committed investment in its mining industry, an increase of 12% from October 2011, according to data published on Thursday by the Bureau of Resources and Energy Economics (BREE).

24 May 2012
LNG

Tangguh plant to supply PT Perusahaan Listrik Negara

Indonesia’s Tangguh LNG plant in Papua will supply 6.5 Mcm/d to state-owned utility PT Perusahaan Listrik Negara starting 2013, The Jakarta Post reported on Thursday.

24 May 2012
Exploration & Production

Production from Indonesian oil and gas projects increase over last year

The production of oil and gas projects in Indonesia as of 30 April was 2.41 million barrels of oil equivalent per day (boe/d), an increase of around 7,000 boe/d from a year earlier.

24 May 2012
Global Markets

Medco Energi's B rating reaffirmed

Standard and Poor’s has affirmed its rating for Indonesian private firm Medco Energi of B with a stable outlook, the agency said on Tuesday.

23 May 2012
Pipelines, Storage & Power

India, Pakistan shake on TAPI gas deal with Turkmenistan

The ambitious and long-discussed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline took a firm step forward on Wednesday when Indian and Pakistani state-run companies finalised a gas sales and purchase deal with Turkmenistan.

23 May 2012
Exploration & Production

Reliance Industries, BP and Niko Resources give up Mahanadi Basin shares

Reliance Industries, BP and Niko Resources have let go of their shares in the Indian offshore Mahanadi Basin D4 Block, Niko announced on Tuesday.

23 May 2012
Pipelines, Storage & Power

PGN’s 50% price hike creates backlash in Indonesia

A week after Indonesian state distributor Perusahaan Gas Negara (PGN) increased the price of gas for customers in West Java by almost 50%, state power utility Perusahaan Listrik Negara (PLN) and other industrial buyers are mounting a protest.

23 May 2012
Policy & Regulation

Tepco nationalisation will go ahead in July

Government moves to nationalise Tepco will formally commence on 25 July, when the government will inject ¥ 1 trillion ($12.5 billion) in return for 50.11% of the company’s voting rights, Tepco said on Monday.

22 May 2012
Supply & Demand

Korean LNG imports up in April

Korean LNG imports rose to 2.7 million tons (mt) in April, up from 2.37 mt during the same period last year, statistics from the Korea Customs Service showed.

22 May 2012

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