A platform at the Malampaya field. (Shell) LNG

Philippines seeks LNG to avert supply crunch

The Philippines is stepping up its efforts to start importing LNG before the giant Malampaya gas field becomes depleted.

By Damon Evans 25 July 2017
Exploration & Production

Asia Pacific rig count down 8% in June

India remained the most active country in the region, although its rig count fell by 9% month on month and 5% year on year.

21 July 2017
Companies & Finance

India approves sale of HPC stake to ONGC

India’s government has approved the $4.6 billion sale of its stake in Hindustan Petroleum Corp. to Oil and Natural Gas Corp.

20 July 2017
LNG

Total in talks with Myanmar to build LNG and power project

Total is in talks with Myanmar to build an LNG and power project in Yangon.

20 July 2017
Pipelines, Storage & Power

Indonesia awards EPC contract for new gas power plant

Indonesia has awarded an EPC contract for a 780 MW combined-cycle gas power plant to a consortium of Marubeni, GE and PT Hutama Karya.

20 July 2017
Exploration & Production

Exxon’s departure will delay East Natuna’s development

ExxonMobil’s decision to leave the East Natuna gas block in Indonesia will likely delay the development of the field by a number of years until another partner can be found.

20 July 2017
LNG

Kansai Electric signs up for 0.8 mtpa of shale-derived US LNG

Japan’s Kansai Electric Power has committed to purchase 800,000 tpa of shale-derived LNG from the Cove Point plant in the United States.

20 July 2017
Vietnam is exploring for oil and gas in the South China Sea. (PetroVietnam) Exploration & Production

Opportunities as South China Sea spat simmers

Oil and gas developments are being used by Southeast Asian countries to gain the advantage in disputes with China over contested waters.

20 July 2017
LNG

SE Asia LNG exports hit bumps going into summer

Southeast Asia’s LNG exporters are recording lower volumes year on year, but are benefiting from rising prices.

20 July 2017
Pipelines, Storage & Power

OIL submits feasibility study for Indian gas pipeline

Oil India Ltd. has submitted a feasibility report to the central government to lay a gas pipeline from Barauni in Bihar to Numaligarh in Assam

19 July 2017
LNG

PTT and Petronas to build LNG plant in Malaysia

Thailand’s PTT and Malaysia’s Petronas plan to build an LNG plant in Malaysia.

19 July 2017
LNG

Ten companies bid to build Bangladesh LNG terminal

Bangladesh has received bids from 10 companies to build a 7.5 mtpa onshore LNG terminal on a build-own-operate-transfer basis.

19 July 2017
Exploration & Production

Second Ichthys FPSO sets sail for Australia

The second FPSO vessel for the Ichthys field has set sail from the South Korean shipyard where it was built for the gas fields off the northeast coast of Australia.

19 July 2017
Policy & Regulation

Indian Oil Corp. plans to form oil giant with Oil India Ltd buyout

Indian Oil Corp. is in talks to buy out the government’s stake in Oil India Ltd and form an oil giant.

18 July 2017
LNG

Bangladesh plans second power plant to run on imported LNG

Bangladesh’s government plans to build a 500-600 MW gas-fired power plant in Matarbari that will run on regasified LNG.

18 July 2017
Exploration & Production

Exxon leaves Indonesia gas field

ExxonMobil has walked away from the East Natuna gas field in Indonesia.

18 July 2017
LNG

PNG LNG production hits record high

Production at the PNG LNG plant in Papua New Guinea has reached a record high.

18 July 2017
An LNG-fired power plant in China. (CNOOC) Supply & Demand

Gas demand growth rests on power sector role

Cedigaz expects gas demand to grow by 1.6% per year to 2035, with most of this demand emerging in Asia and being increasingly met by LNG.

18 July 2017
LNG

Petrobangla signs LNG import contract with RasGas

Bangladesh’s Petrobangla and Qatar’s RasGas signed their first LNG import contract on Thursday, under which Bangladesh will take 2.5 mtpa of LNG for 15 years.

17 July 2017
Policy & Regulation

Indonesia renames its section of South China Sea

Indonesia has renamed its section of the South China Sea as the North Natuna Sea.

17 July 2017
Companies & Finance

Taipower loses TWD 7.1 bln in H1

Taiwanese national power company Taipower lost $234.54 million in the first half of 2017.

17 July 2017

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