Operational rigs in Asia Pacific targeting gas in September 2017 Exploration & Production

Asian rig count falls despite Australia’s resurgence

Three countries in the Asia Pacific region saw a reduction in the number of rigs targeting gas in September.

By Andrew Walker 20 October 2017
Companies & Finance

Chinese, Japanese most keen to buy Shell’s Woodside stake

Royal Dutch Shell’s 24% stake in Australian LNG developer Woodside may be on the market, and is most likely to be bought by either a Chinese wealth fund or a Japanese utility, JP Morgan said in a note to investors this month.

27 October 2011
LNG

Tibet natural gas distribution terminal begins operations

The Tibet Autonomous Region's first gas distribution terminal went online on 26 October in the regional capital of Lhasa, China National Petroleum Corp. (CNPC), owner of the station, announced on Thursday.

27 October 2011
Exploration & Production

Chevron begins production at Thai Platong II

Chevron has started producing gas from its Platong II platform in Thailand, initiating project that at its peak is expected to raise the country’s total supply by 10% and boost the company’s Thai output by 20%.

26 October 2011
LNG

India’s Gail looks to lift LNG imports

India’s state-owned Gail will open a new LNG trading desk in Singapore next week in an effort to boost its mid-term and spot imports at a time when the company is profiting from the country’s rising demand and tightening supply, a Gail source told Interfax on Tuesday.

25 October 2011
Supply & Demand

Pricier LNG growing more attractive as Indian output drops

The disappointing decline in gas production from India’s Krishna Godavari Basin D6 Block has already caused shortages in the power sector and concerns about supplies in the near and mid-term.

25 October 2011
LNG

Continental drift: Asia, Europe at odds over oil links

As Europeans argue that the rise in LNG supplies and slumping domestic demand drives logic away from the oil-linked gas price mechanism, Asian buyers see benefits in staying the course.

25 October 2011
Supply & Demand

Kogas looking to expand into South America

State-owned Korea Gas (Kogas) and Inter-American Development Bank (IDB) signed a memorandum of understanding during the Korea-LAC Business Forum in Seoul on Thursday, which promises further cooperation on energy initiatives and programmes in Latin America and the Caribbean, according to a statement released on the IDB’s website.

21 October 2011
Companies & Finance

Origin raises money for APLNG

Australian developer Origin Energy allocated $500 million in a senior notes offering in the United States to help fund its stake in the Australia Pacific LNG (APLNG) project.

21 October 2011
LNG

Continental drift: Asia sticks to the oil link

While some in Europe are looking to renegotiate supply contracts away from the traditional oil-linked pricing formula, Asian buyers remain in favour of tying long-term LNG prices to oil.

20 October 2011
Supply & Demand

Santos LNG projects on track to meet rising Asian demand

Australian gas producer Santos is on track to start exporting gas from its two planned LNG export projects, Gladstone LNG (GLNG) in Queensland in 2015 and PNG LNG in Papua New Guinea in 2014, the group said in its third quarter results published on Thursday.

20 October 2011
Global Markets

New Indonesian energy minister

Analysts and industry executives have expressed concerns over Indonesia’s newly-appointed energy minister and deputy, claiming that they lack experience, according to the Jakarta Post on Wednesday.

20 October 2011
Pipelines, Storage & Power

Iran and Pakistan court China for pipeline project

Iran and Pakistan are keen to see China link-up to their natural gas pipeline network, but talks on such a co-operation remain in the very early stages, Xia Yishan, director of the Centre for Energy Strategy Studies told Interfax on Tuesday.

18 October 2011
Exploration & Production

BP, Reliance drawing up a plan of action

India’s Reliance Industries posted another round of disappointing production results from its Krishna Godavari Basin between April and September this year. But with the arrival of BP, the company is

18 October 2011
Companies & Finance

Moody’s sees a negative outlook for Kogas

Moody’s has revised its outlook for state-owned Korea Gas Corp. (Kogas) to negative from stable because of concern that the company’s gas tariff hike is not high enough and that its overseas investment plan is overly ambitious, the ratings agency announced on Tuesday.

18 October 2011
Companies & Finance

Reliance’s KG-D6 output disappoints again

Production from Reliance Industries’ flagship Krishna Godavari Basin D6 Block (KG-D6) continued to disappoint this year, with gas declining by 20.3% and crude oil falling by 42.1% year-on-year in the first half of fiscal year 2012, the Indian company announced on Saturday.

17 October 2011
Exploration & Production

Oilex finds “encouraging” reserves in India’s Cambay Basin

Australia’s Oilex has discovered an “encouraging” 14 trillion cubic feet (396.5 billion cubic metres) of gross in-place gas and 40.5 bcm of unrisked gross recoverable gas in the Indian Cambay Basin, confirming that the reserve has the potential to produce primary and associated gas, it announced on Monday.

17 October 2011
Companies & Finance

Eastern Star urges shareholders to OK Santos takeover

Santos’ proposed takeover of Australian coal-bed methane (CBM) explorer Eastern Star Gas would help the smaller company overcome challenges in the development of its Narrabri CBM project and open the door to more options in the oil and gas industry, Eastern Star’s chairman said in a letter to shareholders on Friday.

14 October 2011
Pipelines, Storage & Power

India may ban some generators from cheap, domestic gas

With gas-fired power plants running at about 75% of their capacity because of growing shortages, the Indian Ministry of Petroleum & Natural Gas is considering a law that would ban merchant generators from buying cheaper domestic gas unless they sell the power at regulated tariffs.

14 October 2011
LNG

World to ‘feast’ on LNG from 2018 – Fesharaki

The world will have “a decade long feast of LNG [from 2018], after a period of famine,” predicted Fereidun Fesharaki, chairman and CEO of consultancy FACTS Global Energy, speaking at the Oil & Money Conference in London on Wednesday.

13 October 2011
Exploration & Production

South Asia cosies up to India as South China Sea tensions rise

The leaders of Vietnam and Myanmar have visited India this week, in what appears to be an effort to enforce ties with their larger South Asian neighbour at a time when tensions with China over the resource-rich South China Sea appear to be heating up.

13 October 2011

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