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Companies & Finance

Cambodia expects Chevron to develop the country's first offshore oilfield in 2013

The Cambodian government expects Chevron to begin developing the country’s first offshore oilfield in early 2013, in the hopes of bringing more oil and gas investment into the country, Dow Jones reported on Wednesday.

26 September 2012
Supply & Demand

Qatargas steps up LNG supplies to Kansai Electric

Kansai Electric Power Co. (Kepco) has signed a deal with Qatargas to offtake an additional 500,000 tons of LNG, both parties announced on Wednesday.

26 September 2012
Supply & Demand

Taiwan imports flat in July

Taiwan imported 1.37 million tons of LNG in July, figures from the country’s ministry of finance showed.

26 September 2012
LNG

Petronas selects GE Oil & Gas to supply gas turbine-driven compressor for FLNG

Malaysia’s state-owned Petronas has selected GE Oil & Gas to supply gas turbine-driven compressor train technology for a floating LNG plant off the coast of Sarawak, Oil & Gas Eurasia reported on Tuesday.

25 September 2012
Exploration & Production

Bangladesh Petroleum E&P to take 10% carried interest in offshore blocks

State-run Bangladesh Petroleum Exploration and Production (BAPEX) will take a 10% carried interest in all of the offshore blocks offered in the licensing round scheduled for October, Bangladesh’s Financial Express reported on Tuesday, citing the chairman of BAPEX’s parent company, Petrobangla.

25 September 2012
Companies & Finance

Cairn sells down Cairn India stake

Cairn Energy has sold a further 8% stake in Cairn India for $910 million, the company said in a statement on Wednesday.

25 September 2012
Policy & Regulation

Kabul approves CNPC oil and gas tie-up with ministry

Afghanistan’s government has approved a cooperation framework agreement signed between China National Petroleum Corp. (CNPC) and the Afghan Ministry of Mines for joint exploration of oil and gas, China’s Ministry of Commerce (MOFCOM) announced on Sunday.

25 September 2012
Supply & Demand

Governor tests Asian appetite for Alaskan LNG

Alaska’s Governor Sean Parnell is visiting South Korea and Japan, where he plans to make a “compelling case” for gas exports to the region.

25 September 2012
Exploration & Production

Thai Princess visits PTTEP-run Greater Bongkot South field

Thai Princess Maha Chakri Sirindhorn has visited the Greater Bongkot South platform run by state-owned PTT Exploration and Production (PTTEP) to inaugurate the gas field’s start-up in March, PTTEP announced on Monday.

24 September 2012
Companies & Finance

Reliance and BP to give up two more blocks in India

Reliance Industries and BP plan to give up two more blocks in India, bringing the joint venture’s tally of assets to 14, down from 21 a year ago when the companies finalised the partnership, The Economic Times reported on Monday.

24 September 2012
Companies & Finance

ONGC, Oil India and Indian Oil Corp. bid for Conoco oil sands asset

India’s state-run Oil and Natural Gas Corp. (ONGC), Oil India and Indian Oil Corp. have jointly bid for an oil sands asset owned by ConocoPhillips in Canada valued at around $5 billion, Dow Jones reported on Monday, citing senior ONGC executives.

24 September 2012
Exploration & Production

Sino Gas completes 2012 CBM work plan in China

Australian CBM developer Sino Gas & Energy Holdings has completed its 2012 work programme for China’s Linxing and Sanjiaobei production sharing contracts (PSCs), which included drilling 17 wells and shooting seismic over 270 km, the company said on Monday.

24 September 2012
Pipelines, Storage & Power

TAPI members court international majors and financiers

The proponents of the 1,800 km Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline presented the project this month in Singapore, New York and London, in the hopes of luring major international oil and gas companies and financial institutions into the consortium.

24 September 2012
Policy & Regulation

Fuel subsidies continue to drive Indonesian deficit

An increase in the use of subsidised fuel is expected to increase Indonesia’s budget deficit this year by another 35%, Indonesia’s minister of finance told local media late last week.

24 September 2012
Companies & Finance

Kansai forecasts ‘substantial loss’

Kansai Electric Power Co. (Kepco) announced on Friday that it expected to incur a “substantial loss” in FY2013, because of uncertainty surrounding the scheduled resumptions of operations at its nuclear power plants.

21 September 2012
LNG

Taipower restarts uphill battle for LNG terminal

Dependent on China Petroleum Corp. for all its gas, rising fuel costs and sluggish tariff reforms have made Taiwan’s main power utility eager to import its own LNG.

21 September 2012
Exploration & Production

China’s bid to recreate US shale gas story in jeopardy

China will struggle in its bid to replicate the success of the United States’ shale gas industry and will likely need to drill more wells to discover “sweet spots” in shale plays, an industry expert said on Thursday.

21 September 2012
Supply & Demand

Japanese LNG imports, prices drop in August

Japan’s LNG imports dropped for the first time year-on-year in August, as softening contract and spot prices also reversed an upward trend in the average cost of the country’s imports.

20 September 2012
Global Markets

Japan may launch gas futures market to prevent costly import fees

Japan is eyeing plans to launch a gas futures market in order to secure cheaper and more diverse sources of gas to meet rising LNG demand, local media has reported.

20 September 2012
LNG

Brunei looking at downstream investments in Philippines

Brunei has expressed interest in downstream gas investments on the island of Mindanao in the Philippines, according to the head of the Philippines Department of Energy.

19 September 2012

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