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
LNG

Black & Veatch bullish on Asian demand

United States engineering company Black & Veatch Corp. has told Bloomberg that it has hopes for 10% annual sales growth in Asia as the region seeks more environmentally-friendly means of power generation.

19 July 2011
LNG

PetroVietnam aims to launch Nam Con Son pipe by 2013

State-owned PetroVietnam Gas Corp. (PV Gas) has signed a $441.57 million contract for the construction of a gas pipeline and processing plant, and hopes that it will deliver about 20 million cubic metres per day (MMcm/d) in two years, one of the contract winners said in a statement on Saturday.

18 July 2011
LNG

Indonesia to allow private imports amid supply shortages

Indonesia will allow private firms to import gas from abroad, as the country grapples with supply shortages, according to a Reuters report.

18 July 2011
LNG

China’s CNPC takes controlling stake in Gladstone LNG project

Mid-sized Australian developer LNG Ltd has finalised the sale of a controlling 20% stake in the company to China Huanqiu Contracting & Engineering Corporation (HQCEC), a wholly-owned subsidiary of China National Petroleum Corp. (CNPC), China’s largest oil and gas producer.

18 July 2011
Financial constraints, US resistance and security concerns are obstacles to completing the IPI pipeline. (PA) Supply & Demand

Pakistan pushes ahead with IPI but delays expected

Pakistan says that it is forging ahead with plans to complete its section of the Iran-Pakistan-India natural gas pipeline in 2014. However, staunch opposition from the US, high costs and security concerns and Indian wariness of dealing with its neighbour and foe may delay construction of the Pakistani branch and keep the Indian branch from ever bei

18 July 2011
LNG

Pakistan set to offer 80% of oil price for LNG supplies

The Pakistani government has agreed to buy LNG supplies for a new floating storage and regasification terminal for 80% of the price of crude and furnace oil, according to local news reports.

15 July 2011
Exploration & Production

India’s decision on $7.2 billion BP-Reliance deal postponed

The Indian government’s decision on BP’s plan to buy a stake in oil and gas fields owned by Reliance Industries has been delayed following this week’s cabinet reshuffle and Wednesday’s bombings in Mumbai, according to news reports.

14 July 2011
LNG

Pertamina plans to convert Arun LNG plant into terminal

Indonesia’s state-owned oil and gas company, Pertamina, plans to convert the Arun LNG plant in the Aceh province into a receiving terminal when the plant’s gas reserves run out in 2014, according to local media.

14 July 2011
LNG

Bangladesh seeks proposals for LNG-fired power plant

The Bangladeshi government has asked eight domestic and foreign companies to submit proposals for the country’s first LNG-fired electricity plant, according to a local news report today.

11 July 2011
LNG

Thailand to buy LNG to make up for disrupted pipeline

Thailand plans to buy three LNG cargoes on the spot market this month to make up for lost supplies from a damaged gas pipeline, an official from the Ministry of Energy told Interfax today.

7 July 2011
Companies & Finance

India’s Reliance looking to sell gas transportation business - report

India’s Reliance Industries is considering selling its gas pipeline business, Reliance Gas Transportation Infrastructure (RGTIL), according to a news report on Tuesday.

6 July 2011
Companies & Finance

Pakistan to begin work on Iran-Pakistan pipeline in six months

Work on the long-discussed Iran-Pakistan gas pipeline is expected to begin in six months and be completed in 2014, according to Pakistan’s minister for petroleum and natural resources, Asim Hussain, in a TV interview on Tuesday.

6 July 2011
LNG

PTTEP to build Oz FLNG terminal

Thailand’s PTT Exploration & Production (PTTEP) plans to build a floating LNG facility in the Timor Sea to develop gas from three blocks just off Australia’s north-western coastline.

5 July 2011
Exploration & Production

Bangladesh in talks to Sinopec over Chittagong gas exploration

Bangladesh Petroleum Exploration & Production Company (BAPEX) is in talks with China’s Sinopec about beginning gas exploration in four structures in the Chittagong Hill Tracts region, in order to boost the area’s gas supplies, Mortuza Ahmad Faruque, managing director of BAPEX, told Interfax today.

5 July 2011
LNG

Pakistan receives 17 bids for LNG delivery

Pakistan’s Sui Southern Gas Company (SSGC) has received 17 bids from foreign and domestic companies interested in supplying the company with 14.16 million cubic metres per day of LNG for up to 10 years, a spokesman for SSGC confirmed to Interfax on Tuesday.

5 July 2011
A Vietnamese fisher boat near the guided missile destroyer USS Chung-Hoon in the South China Sea. Naval training exercises have become a source of tension between Vietnam and China over disputed areas of the South China Sea. (PA) Policy & Regulation

Quick resolution unlikely over South China Sea sovereignty and resources dispute

China has been in dispute with Vietnam, Brunei, Malaysia, Taiwan and the Philippines over contested South China Sea (SCS) maritime boundaries for several years.

4 July 2011
Exploration & Production

Sumitomo, Mitsui sign agreement for Indonesian gas development

Indonesia’s oil and gas watchdog BPMIGAS has signed a co-operation agreement with Japanese companies Sumitomo Corporation and Mitsui as a foundation to carry out joint feasibility studies on gas development projects in Indonesia, it said on Tuesday.

28 June 2011
LNG

Salamander Energy agrees 20-year supply contract with Indonesian power company

Salamander Energy has agreed a 20-year gas supply contract with Indonesian state-owned power company, PT PLN (Persero), at a price of $4.79 per thousand Btu (MBtu), the company said on Tuesday.

28 June 2011
Supply & Demand

Thailand’s PTT to import more LNG

Thailand's state-owned PTT plans to import more LNG to offset the gas supply loss from a leaking pipeline, the energy conglomerate said in a statement to the Stock Exchange of Thailand today.

27 June 2011
Exploration & Production

China, Vietnam to speed up negotiations on maritime dispute

Chinese and Vietnamese authorities have agreed to speed up negotiations in order to settle a maritime dispute over oil and gas exploration in the South China Sea, they said on Sunday.

27 June 2011

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