A tanker off Indonesia. The country’s government is hoping to progress the Masela project. (SKKMigas) Exploration & Production

Masela edges forward despite political bluster

Inpex is finally making headway at its Masela development in Indonesia after months of political deadlock.

By Damon Evans 23 May 2017
From left: Former Indian Petroleum Minister Murli Deora, Pakistani President Asif Ali Zardari, Turkmen President Gurbanguli Berdymukhamedov and Afghan President Hamid Karzai, Ashgabat, 11 December 2010. (PA) Companies & Finance

Despite political will, TAPI still lacks funding

Agreements between Turkmenistan, Afghanistan, Pakistan and India over the proposed pipeline connecting the four countries are important steps forward for the project, but without financial backing, TA

26 August 2011
Exploration & Production

Petition to annul Reliance’s KG-D6 licence moved to special bench

The Delhi High Court decided on Wednesday to form a special bench to hear a case that seeks to cancel Indian company Reliance Industries’ licence for its prized Krishna Godavari Basin D-6 (KG-D6) Block, according to local news reports.

25 August 2011
Pipelines, Storage & Power

Russian, North Korean leaders in project talks with South Korea

Russian President Dmitry Medvedev and North Korean leader Kim Jong-il have decided to set up an ad hoc commission to determine the parameters of gas co-operation between Russia, North Korea and South Korea.

24 August 2011
Exploration & Production

Uzbekneftegaz and South Korean companies pen $2.6 bln contract to develop Ustyurt gas chemical complex

Uzbek national company Uzbekneftegaz signed contracts worth $2.6 billion on Tuesday with South Korea's GS Engineering & Construction, Samsung Engineering, Hyundai Engineering and Kogas in the framework of the construction of the Ustyurt Gas Chemical Complex at the Surgil gas field.

24 August 2011
Exploration & Production

Vietnam’s 16-1 project starts production

Oil and gas production from the offshore Te Giac Trang field of the Vietnam 16-1 project started on 22 August, state-owned PTT Exploration and Production (PTTEP) said on Tuesday.

23 August 2011
Exploration & Production

Petronas plans $5 billion gas upstream project off Malaysian coast with partners

Malaysian company Petronas and its Production Sharing Partners plan to embark on a new upstream project to develop a cluster of gas fields off the Eastern Coast of Malaysia, the company announced on 23 August in a press release.

23 August 2011
Companies & Finance

Oil Search sees earnings soar by 34%

Papua New Guinea-company Oil Search saw earnings before interest, tax and amortisation (EBITDA) reach $307.3 million in the first half of this year, up 34% on the same period last year, the company said on Tuesday.

23 August 2011
Companies & Finance

Cairn shareholders to vote on India sale on 14 September

The shareholders of Scotland’s Cairn Energy will vote on 14 September on whether to accept the Indian government’s controversial pre-conditions for approving the sale of its Indian subsidiary to Indian miner Vedanta Resources, the Scottish company said today when it announced its first half results.

23 August 2011
LNG

Arrow bids $543 million for CBM explorer Bow

Australia’s Arrow Energy has offered about A$520 million ($543 million) for the coal-bed methane (CBM) explorer Bow Energy in an effort to underpin Arrow’s planned LNG plant on Curtis Island, one of several CBM-to-LNG projects racing for supplies.

22 August 2011
Exploration & Production

Indonesia signs $52 billion contract for East Natuna E&P

Indonesia has signed a $52 billion contract with four oil and gas companies to explore and develop the offshore East Natuna Block, according to a news report today.

22 August 2011
Exploration & Production

Reliance’s KG-D6 capital costs not linked to Indian gas price - ministry

The price of the gas that Reliance Industries is producing in the offshore Krishna Godavari Basin’s D6 Block (KG-D6) was not linked to its capital investment in the field, the Indian Ministry of Petroleum & Natural Gas said in response to allegations that it allowed Reliance to inflate its capital cost.

19 August 2011
Exploration & Production

Tibet's first CNG refilling station completes trial operations

The Tibet Autonomous Region's first compressed natural gas (CNG) refilling station has completed four days of pre-commission trials, state media reported on 18 August.

19 August 2011
Supply & Demand

Malaysian power firm runs short on gas

Malaysia’s state-linked power firm Tenaga Nasional Bhd (TNB) blamed prolonged maintenance at Petronas gas facilities for a shortage that is causing it to spend as much as 400 million ringgit ($134.4 million) per month on buying alternatives such as distillates and medium fuel oil to keep its power plants running.

19 August 2011
LNG

India’s LNG imports climb by 9.6% year-on-year

LNG imports to India’s three regasification terminals rose by 9.6% year on year to 13.5 billion cubic metres in 2010-2011, the Ministry of Petroleum & Natural Gas said on Thursday, adding that it hopes to boost imports further.

19 August 2011
Pipelines, Storage & Power

South Korea hopes to obtain North Korea's consent to build gas pipeline

Seoul has not yet obtained Pyongyang's consent to build a gas pipeline from Russia to South Korea through North Korean territory.

18 August 2011
Troops of Pakistan paramilitary forces patrol in the troubled area of Dera Bugti in Balochistan province of Pakistan. (PA) Companies & Finance

Pakistan’s best bet for IP funding may lie with China

In the second part of a two-part feature, Sara Stefanini investigates the security concerns and international opposition still standing in the way of China stepping in to help develop the controversia

18 August 2011
Supply & Demand

South Korea signs 20-year LNG deal with Total and Shell

The South Korean government has signed the largest gas deal in its history, reaching an agreement with Total and Shell for the supply of as much 20 years worth of LNG valued at $84 billion.

18 August 2011
LNG

Pakistan passes 'stakeholder friendly' LNG policy

Pakistan has lifted conditions in its LNG policy that required suppliers to enter into long-term contracts and has introduced incentives aimed at keeping terminal developers on track with their target dates, in an attempt to develop an import infrastructure in the gas-hungry country.

18 August 2011
Supply & Demand

South Korea approves gas deals with Shell, Total

South Korea’s Ministry of Knowledge Economy said on 17 August that it approved Korea Gas Corp.’s deal with Royal Dutch Shell and Total to import substantial amounts of gas for use in its domestic market.

17 August 2011
LNG

Vietnam gives go-ahead to LNG terminal in Binh Thuan province

The Vietnamese government this week gave the green light to PetroVietnam to construct a $1 billion LNG terminal in the southern province of Binh Thuan.

17 August 2011

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