East Asia ///

Petro Matad receives approval of exploration period extention in Mongolia

Petro Matad, the Mongolia focussed oil exploration and future development and production company is pleased to advise that the Mongolian regulatory body (MRPAM) has formally approved an extension of the exploration period for the Block IV and V Production Sharing Contracts, for two years each, until July 29, 2019.

Honeywell invests in cyber security innovation center in Asia-Pacific

Honeywell Process Solutions (HPS), with the support of the Singapore Economic Development Board (EDB), will establish a new industrial cyber security center of excellence (COE) for Asia-Pacific in Singapore

Empyrean Energy commences 3D seismic survey offshore China

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that a 3D seismic survey has commenced on its 100% owned Block 29/11, offshore China.

Aramco raises crude pricing to U.S. and Asia on increased demand

Saudi Arabia, the world’s largest oil exporter, raised pricing for July sales of all crude grades to Asia, the U.S. and Northwest Europe as it seeks to take advantage of increased demand after suppliers extended production cuts to help curb a global glut.

Kinder Morgan commits to pipe linking Canadian crude to Asian markets

Kinder Morgan Inc. has committed to expanding a pipeline that will allow Canadian crude to be exported to Asia, a controversial C$7.4 billion ($5.5 billion) project that’s set to face revitalized opposition amid political upheaval in the nation’s Pacific Coast province.

Tycoon hopeful for Xi, Duterte energy deal in South China Sea

One of the most prominent tycoons in the Philippines is increasingly optimistic that President Rodrigo Duterte can strike a deal with China to share oil and gas deposits in a disputed part of the South China Sea.

Jadestone Energy withdraws from Bone PSC, offshore Indonesia

Jadestone Energy Inc. has announced, in line with the Company’s strategy, its withdrawal from the Bone production sharing contract offshore Indonesia, a further key step in releasing the company from non-strategic exploration assets.

China's love for U.S. gas begins as Trump rolls out red carpet

Let the gushing begin. After an executive from U.S. liquefied natural gas exporter Cheniere Energy Inc. spoke to a few hundred people at a conference in Beijing last week, the first question from the audience turned out to be an invitation to visit one of China’s biggest energy firms and a main LNG buyer, the state-owned giant known as Sinopec.

Ophir Energy to commence fourth phase of development at Bualuang, Gulf of Thailand

Ophir Energy has announced that a Final Investment Decision has been taken to commence the fourth phase of development at Bualuang oil field in the Gulf of Thailand.

CNOOC commissions compressor trains for DONGFANG 13-2 gas fields in South China Sea

CNOOC China Limited Zhanjiang Branch has commissioned MAN Diesel & Turbo to supply a total of six compressor trains for the DONGFANG 13-2 Gas Fields Development Project in the South China Sea.

Exxon Mobil announces positive Muruk-1 sidetrack well results

Exxon Mobil Corporation has announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 mi (21 km) northwest of the Hides gas field.

Eni starts production from Jangkrik Project, offshore Indonesia

Eni has started gas production from the Jangkrik Development Project, in deep water offshore Indonesia, ahead of schedule. The project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait.

China eyes U.S. energy next after $20-billion `Belt, Road' deals

China is setting it sights on U.S. energy as a growing reliance on imports forces it to look beyond traditional suppliers, according to the head of the country’s biggest oil and gas company.

Trump's China deal boosts U.S. LNG without rule change

America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.

Wood Mac: U.S.-China agreement connects fastest-growing LNG supplier with largest LNG market

Last night’s announcement of the 100-day action plan between the U.S. and China has the potential to alter global LNG trade, opening the door of the world’s largest LNG growth market to the world’s fastest-growing LNG supplier.

Former OPEC member's Byzantine rules seen shooing away explorers

Red tape, rising costs and declining crude prices are throttling exploration in Indonesia, the former OPEC member that now produces less oil than it uses.

AOGC 2017 kicks off in Kuala Lumpur, as oil and gas industry embraces new reality

The 19th edition of the Asia Oil & Gas Conference (AOGC 2017) started today in Kuala Lumpur, where more than 1,300 delegates have converged at the Kuala Lumpur Convention Centre to discuss issues and gain invaluable insights on the new reality of the oil and gas industry.

Total brings Badamyar gas project on stream in Myanmar

Total has started up production from the Badamyar project, located offshore 220 km south of Yangon in the Republic of the Union of Myanmar. The project will enable an extension of the Yadana gas field’s 8 billion cu m per year production plateau beyond 2020.

China's oil giants buoyed by higher prices as output stagnates

Oil’s recovery is helping ease the pain of shrinking output by China’s biggest energy producers.

World's top two shipyards signal more orders as earnings improve

The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring.