Operational rigs in Asia Pacific targeting gas in October 2017. Exploration & Production

Asia Pacific rig count boosted by 12% in October

The Asia Pacific rig count increased by 12% month on month in October, reaching a four-month high of 46 active rigs.

By Andrew Walker 17 November 2017
Pipelines, Storage & Power

India’s potential new pipelines hampered by regulations, high costs

India has the potential to add about 21,000 km of new domestic gas pipelines to carry a total of 380 million cubic metres per day (MMcm/d), but costs and regulations are causing delays.

29 September 2011
Companies & Finance

India’s ONGC backs Cairn India sale

India’s state-owned Oil and Natural Gas Corp. (ONGC) on Tuesday approved Cairn Energy’s contentious plan to sell most of its assets in oil and gas producer Cairn India to Vedanta Resources, according to news reports on Tuesday evening.

28 September 2011
Supply & Demand

Indonesia’s energy minster says country is reviewing its LNG export contracts

Indonesia’s Energy and Mineral Resources Minister Darwin Zahedy Saleh explained on Monday that the government would curtail its LNG exports and redirect the gas to its domestic market, the Jakarta Post reported on Tuesday.

27 September 2011
LNG

Petronas buys 30% stake in Singapore gas plant project

Malaysian state oil and gas major Petronas will buy a 30% stake in the gas-fired Island Power electricity plant in Singapore from India’s GMR Infrastructure, a Petronas spokesman confirmed to Interfax on Tuesday.

27 September 2011
Exploration & Production

Santos deal may signal change in Bangladesh

The Bangladeshi government’s decision to allow Santos to sell its gas at market prices could signal a much-needed liberalisation of the sector which would boost domestic exploration and development

27 September 2011
Supply & Demand

Japan to double role in foreign gas, oil projects in 20 years

The government of Japan intends to encourage Japanese energy companies to increase their involvement in oil and gas projects abroad from 20% to 40% over the next 20 years, Hisayoshi Ando, director general of the Natural Resources and Fuel Department at Japan's Ministry of Economy, Trade and Industry, said on Monday at the 2011 Sakhalin Oil and Gas

27 September 2011
Exploration & Production

Indonesia CBM production on the increase

Indonesia’s CBM production which began earlier this year, has now reached 33.9 thousand cubic metres per day(Mcm/d), according to state regulator BPMigas – a total it hopes will expand to 14.1 million cubic metres per day (MMcm/d) by 2015, and going forward to double production every five years.

26 September 2011
LNG

Chevron reaches FID on Wheatstone LNG as off-take, equity talks continue

Chevron is ready to start building its Wheatstone LNG project in Western Australia after announcing on Monday that it had reached a final investment decision (FID) on the project’s $29 billion initial phase.

26 September 2011
LNG

Japanese demand distorts LNG market

Senior gas industry delegates at the CWC LNG Summit conference in Singapore this week are suggesting that current wide global LNG price differentials are unlikely to change if additional demand from Japanese power companies continues.

22 September 2011
Exploration & Production

Indonesia forges ahead with ambitious East Natuna development

Indonesia’s gas reserves at its Arun LNG liquefaction station are running out, and the government is keen to develop the East Natuna gas field to help the country deal with its rising gas consumption.

22 September 2011
Exploration & Production

CBM Asia expands Indonesian coal-bed methane acreage

CBM Asia has acquired majority stakes in an Indonesian CBM concession adjoining BP/Eni’s Sanga Sanga PSC in East Kalimantan – the first to supply CBM to an LNG plant anywhere in the world – and in Central Sumatra, not far from the Trans Sumatra gas pipeline and Chevron’s Duri oilfield steam flood operation.

21 September 2011
LNG

The Philippines aims to import first LNG cargo by 2016

The Philippines is in talks with LNG suppliers in the United States, Canada and Australia and hopes to begin importing cargoes in 2015 or 2016, Energy Under-Secretary Jose Layug said on Monday, according to news reports.

21 September 2011
Exploration & Production

Indonesia announces successful auction of oil and gas blocks

Evita Legowo, the Indonesian Energy Ministry director said in a statement released online today that the country had successfully auctioned nine out of 11 oil and gas blocks in the first bidding round held this year.

21 September 2011
Companies & Finance

Close China-Pakistan ties may aid United Energy’s new venture

China and Pakistan have long enjoyed cosy diplomatic and trade relations, so it comes as little surprise that United Energy Group has stepped in to buy BP's Pakistan assets.

20 September 2011
Exploration & Production

China targets 8.5 bcm of shale gas output by 2015

China is targeting 8.5 billion cubic metres of annual shale gas production by 2015 as outlined in the as-yet-unreleased 2011-2015 Shale Gas Development Plan drafted by the National Energy Administration (NEA), a researcher with the Ministry of Land and Resources (MLR) said at an industry forum in Xiamen City, Fujian Province on 19 September.

20 September 2011
Policy & Regulation

Indian panel rules out LNG price pooling mechanism

Domestic gas users in India should not pay higher “pooled” prices that take into account the market-based cost of LNG, an inter-ministerial panel said in a report on Monday, reversing an earlier opinion in favour of the proposed system of price pooling.

19 September 2011
Companies & Finance

United Energy acquires BP’s upstream oil and gas assets in Pakistan

Hong Kong Stock Exchange-listed United Energy Group has finalised its acquisition of BP’s upstream oil and gas assets in Pakistan for a total consideration of $749.1 million, United Energy said on Friday.

19 September 2011
Supply & Demand

Indonesian gas production rates exceeding 2011 forecasts

Gas production levels from 14 of Indonesia’s 56 gas producers are exceeding 2011 state budget targets, lifting output rates from January to August 9% above overall 2011 estimates, according to state regulator BPMigas said this month.

19 September 2011
LNG

Indonesia pressures Inpex to produce LNG from Masela by 2016

LNG production from Indonesia's Masela Block in the Arafura Sea is expected by 2016, with development of the project planned to start in 2012, according to energy regulator BP Migas told journalists last week.

19 September 2011
Exploration & Production

Few downstream opportunities keeping foreign firms away from India

The lack of downstream opportunities available to foreign companies that enter India, coupled with a lasting preconception that India has poor geology for oil and gas production, may be dissuading many of the large foreign companies from investing in the country, industry representatives said on Thursday at the Offshore and Unconventional Oil and G

16 September 2011

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