News
December 05, 2019
The demand slowdown has pushed LNG prices in Asia lower by almost 40% this year, a slump also aided by China’s rising domestic output of the fuel.
News
November 25, 2019
Indonesian President Joko Widodo ordered an overhaul of the management of state-owned oil giant PT Pertamina, as the former OPEC member seeks to reduce crude oil imports to rein in the current-account deficit.
News
November 22, 2019
The monitoring of pollution from oil and gas fields achieved a major breakthrough after a satellite company discovered a methane leak in Central Asia equivalent to the fumes of a million cars.
News
November 08, 2019
Oil erased an early loss Friday, capping a weekly gain as investors shrugged off a comment by President Donald Trump that the U.S. hasn’t agreed to fully roll back tariffs with China.
News
October 23, 2019
Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane.
News
October 21, 2019
The first cargo is expected to leave for customers in Asia this week, and contains 1 MMbbl of crude with a market value of around $60 million.
News
October 18, 2019
The contract is expected to commence in the end of 2019, with an estimated duration of 154 days.
News
October 15, 2019
Oil dropped the most in two weeks amid concern that the recent U.S.-China trade talks won’t lead to a deal.
News
October 15, 2019
Mongolian oil explorer Petro Matad Limited has commenced testing operations at the Heron-1 well in the north of Block XX, eastern Mongolia.
News
October 09, 2019
Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.
News
October 09, 2019
Exxon Mobil is considering a sale of its offshore Malaysia upstream assets as part of U.S. energy giant’s divestiture program, according to people with knowledge of the matter.
News
October 08, 2019
Russia’s biggest liquefied natural gas producer expects to be able to mitigate any impact should U.S. sanctions on China prevent it from using a third of its fleet.
News
October 08, 2019
Oil fell again, erasing earlier gains, as economic tensions between the U.S. and China flared ahead of talks aimed at resolving their long-running trade feud.
News
October 07, 2019
Interra Resources has started drilling its first onshore well in Kuala Pambuang (KP-1), southern Central Kalimantan, following the successful completion of feasibility and technical data studies.
News
October 07, 2019
CNPC was the only international partner left in the project, after Total SA of France withdrew last year when U.S. President Donald Trump abandoned the 2015 nuclear accord and reimposed sanctions on Iran.
News
October 03, 2019
Saudi Arabia raised all pricing for November oil sales to Asia as refining margins rose and the country’s state oil producer pulled out the stops to maintain supply after aerial attacks briefly knocked out half its output last month.
News
September 26, 2019
“There’s a lot of panic out there,” said Halvor Ellefsen, a tanker broker at Fearnleys in London. “Modern vessels are available, but just hard to get.”
News
September 24, 2019
“Energy consumption was greater in Asia than in any other region in 2018, and we project that consumption will almost double between 2018 and 2050, making Asia both the largest and fastest-growing region in the world for energy consumption,” according to Linda Capuano, EIA administrator.
News
September 24, 2019
The contract covers an area of 1,600 km² for 3D seismic with associated 2D work to be executed over a 1.5-month period from end Q3 2019 for the undisclosed client.
News
September 23, 2019
An Exxon Mobil oil and gas project off the coast of Vietnam is becoming a test of Beijing’s growing power in the South China Sea.
News
September 23, 2019
Medco’s strategy is based on the view that a dearth of exploration and strong aviation and petrochemical demand will push crude prices above $100/bbl in a decade or so.
