Exploration & Production

Most-active explorers in Asia Pacific reduce rig count

Gas exploration activity fell by 4% month on month in July as the major explorers cut rig numbers.

By Andrew Walker 18 August 2017
Companies & Finance

JAPEX profit down on rising LNG prices

Japan Petroleum Exploration Co. (Japex) reported a 3.5% decrease in gross profit on the back of soaring LNG prices and rising costs related to meeting peak winter gas demand in Japan, the company reported on Friday.

10 February 2012
A shale gas rig in Lebien in northern Poland. Fatih Birol says the outlook for shale outside the US is ‘uncertain’. (PA) Companies & Finance

Unconventional outlook uncertain outside US

The outlook for global unconventional gas development outside of the United States “remains uncertain,” despite growing interest in key markets such as China and Europe, the International Energy Agency’s Chief Economist Fatih Birol told Interfax

10 February 2012
Aung San Suu Kyi, left Myanmar President Thein Sein at the presidential office on 19 August 2011 in Naypyitaw, Myanmar’s administrative capital. (PA) Policy & Regulation

EU ups pressure on Myanmar to reveal gas revenues

With the prospects of lifting sanctions on Myanmar from late April, the EU is also putting more pressure on the south-east Asian republic to reveal its revenues from the oil and gas sector.

10 February 2012
LNG

Chubu Electric reaches 16-year LNG supply deal with BP

Japan’s Chubu Electric Power announced on Friday that it had reached a deal with BP Singapore to purchase approximately 8 million tons of LNG over a 16-year period starting in the financial year 2012, according to a statement released online.

10 February 2012
Supply & Demand

Japan forecasts major increase in world gas demand

The world would need an additional 143 million tons of oil equivalent (mtoe); about 172 billion cubic metres of gas by 2035 in a low nuclear scenario, the Institute of Energy Economics of Japan (IEEJ) said in its Asia/World Energy Outlook 2011 report on Wednesday.

9 February 2012
LNG

Japan looks to Brunei for extra LNG

Japan welcomes any additional LNG supply that Brunei can spare, an official from the Japanese government told reporters on Thursday, the Brunei Times reported.

9 February 2012
Pipelines, Storage & Power

Gas power plant in north Jiangsu enters trial operations

Huai’an City in Jiangsu Province has put its first gas-fired distributed power plant into trial operations, Guoxin Huai’an Gas Power, the plant’s operator, announced on Wednesday.

9 February 2012
Policy & Regulation

Indonesia negotiating with Sempra over LNG allocation

The Indonesian government is negotiating with United States-based Sempra Energy to take back over 75% of the 3.7 mtpa of LNG allocated to the company, oil and gas regulator BPMigas told The Jakarta Post on Wednesday.

9 February 2012
LNG

India’s heavy reliance on Qatari LNG

Iran’s threat to close the Strait of Hormuz has highlighted India’s dependence on Qatari LNG for nearly 90% of its imports. With India’s need for LNG rising sharply, the country is beginning to diversify its supplies.

7 February 2012
An Indian worker cleans solar arrays at a solar photovoltaic power plant near Gandhinagar, India. (PA) Policy & Regulation

Funding hampers EU’s push for a greener India

EU’s upcoming summits with India and China will address pressing issues such as energy efficiency and clean coal developments, but the task to advocate green technologies will be daunting unless larger funds are allocated to projects.

7 February 2012
Pipelines, Storage & Power

Petronet in talks about gas-fired power plant for Kochi LNG terminal

India’s Petronet LNG is in talks with the state government of Kerala about setting up a gas-fired power plant near the company’s Kochi LNG terminal, which is expected to begin operating in October, The Business Standard reported on Monday.

7 February 2012
Exploration & Production

Dart Energy CBM reserve up by 52%

Singapore-based Dart Energy has seen its gross proven and probable coal-bed methane (CBM) reserves increase by 52% to 67.5 bcf (1.3 bcm) in the latest assessment of its international portfolio, the company announced on Tuesday.

7 February 2012
Exploration & Production

Kogas consortium hoping to join InterOil Gulf LNG project

South Korea’s Korea Gas Corp. is putting together a consortium including Japan’s Mitsui and Japan Petroleum Exploration that is hoping to join InterOil’s planned Gulf LNG project in Papua New Guinea, The Wall Street Journal reported on Tuesday.

7 February 2012
Exploration & Production

Donggi-Senoro LNG plant ahead of schedule

Work on Indonesia’s Donggi-Senoro LNG plant in Central Sulawesi is 33% complete and ahead of schedule, The Jakarta Post reported on Monday.

6 February 2012
Exploration & Production

Iran gives India deadline

Iran has given India’s state-run Oil and Natural Gas Corp. (ONGC) a one-month deadline to sign the contract for the development of offshore Farzad B gas field in the Persian Gulf, Iran’s Press TV reported on Saturday.

6 February 2012
Gas for Transport

Indonesian auto manufacturers back converters

Indonesia’s major auto manufacturers are backing a proposal to roll out converter kits that allow cars to run on gas, while the government considers whether to restrict subsidised fuel sales or hike petrol pump prices, The Jakarta Globe reported on Friday.

6 February 2012
Companies & Finance

GDF Suez eyes Gujarat Gas stake

GDF Suez is eyeing BG’s 65% stake in Indian gas distributor Gujarat Gas and has contacted other bidders to see if they would be interested in putting together a joint offer, the Economic Times reported on Monday.

6 February 2012
LNG projects in India LNG

India’s falling output drives east coast LNG plans

Petronet LNG, India’s largest LNG importer, has decided to build a third regasification terminal in an effort to tap into the country’s fast-growing reliance on imported gas to make up for its falling domestic output, Chairman GC Chaturvedi has told Interfax.

6 February 2012
Exploration & Production

Japan Oil, Gas and Metals National Corp to start drilling

State-run Japan Oil, Gas and Metals National Corp. will start drilling for gas hydrates off the coast of central Japan on 14 February, Reuters reported on Friday.

3 February 2012
Supply & Demand

Reliance expects 3.5 MMcm/d of gas

India’s Reliance Industries expects to produce 3.5 MMcm/d of gas from two coal-bed methane wells in central India by July 2014, Reuters reported on Friday.

3 February 2012

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