East Asia ///

Saudis eye oil sales to world's biggest plants emerging in China

Saudi Arabia’s status as the biggest oil supplier to China has been usurped by Russia. OPEC’s biggest producer is now trying to regain ground in the world’s largest crude importer.

New China star sells first Russian oil from $9-billion Rosneft deal

A Chinese firm that’s grown from a small local trader to a global deal-making juggernaut sold its first cargo of Russian crude after buying a $9-billion stake in Rosneft Oil Co.

Asian investor steps into America's shale gas market

A relentless flow of natural gas from America’s shale basins is drawing bears to the market—and that’s music to the ears of at least one Asia-backed investor.

EMGS announces two multi-client surveys offshore Indonesia

Electromagnetic Geoservices ASA (EMGS) has announced that it has received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

ADNOC signs framework agreement with CNPC to expand partnership

The Abu Dhabi National Oil Company (ADNOC) has signed a framework agreement, with the China National Petroleum Corporation (CNPC) covering various areas of potential collaboration including potential offshore opportunities and the sour gas development projects.

Oil & Gas in the Capitals

Jeff Moore, Contributing Editor

Big E&P projects advance in Vietnam and Indonesia; Chinese intimidation continues

China's appetite for U.S. energy falls shy of binding deals

China showed its appetite for big ticket investments in U.S. energy production and exports during President Donald Trump’s visit, but left the event with almost no binding deals.

Alpha Completions Group expands commissioning services into South Korea

Alpha Completions Group expands services into the Asia-Pacific region, with the recent opening of Alpha Project Services in Geoje, South Korea.

China Energy Investment plans to invest billions in U.S. shale gas development

West Virginia was the biggest recipient of the $250 billion of investments signed during President Donald Trump’s visit to China.

TechnipFMC awarded subsea contract offshore Sabah, Malaysia

TechnipFMC has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia at a water depth of approximately 1,300 m.

Venezuelan oil too big to fail, at least for China and Russia

Venezuela’s sudden demand to renegotiate its billions in debt could complicate life for its two biggest oil patrons, China and Russia.

China Poly to see Ethiopian gas exports by 2019, minister says

China Poly Group plans to start exporting natural gas from Ethiopia’s eastern Ogaden basin by mid-2019 as it continues to explore near the border with Somalia, Petroleum Minister Motuma Mekassa said.

SOCO announces PSC for offshore blocks 125 and 126 in Vietnam

SOCO has announced that a Production Sharing Agreement (PSC) for Blocks 125 & 126, offshore central Vietnam, between PetroVietnam, SOVICO Holdings and SOCO was formally signed on Oct. 27, 2017, awarding SOCO a 70% operated interest over the two blocks.

China to get first Yamal LNG cargo as Russia says "thank you"

Russia’s Yamal LNG, set to be the world’s biggest Arctic producer of liquefied natural gas, plans to send its debut cargo to China as thanks for its support.

Russia cements top spot in crude sales to China as Saudis recede

Russia continues to pull ahead of its oil rivals including Saudi Arabia in China, the world’s biggest energy user.

Petro Matad provides updates regarding seismic program in Mongolia

Further to its announcement of Oct. 4, 2017, Petro Matad has provided the timelines and details regarding the planned seismic work program following the signing of the BGP contract, as detailed further below. The 220-km2 3D survey will be the first ever 3D seismic acquired in western Mongolia.

KrisEnergy commences Gulf of Thailand drilling campaign

KrisEnergy Ltd., an independent upstream oil and gas company, has announced that on Oct. 20, 2017, the PV DRILLING I jackup rig commenced drilling of the East Mayura-1 exploration well in the G10/48 contract area in the Gulf of Thailand.

Seen from space, China's oil demand looks stronger than expected

The crude market may be underestimating China’s oil demand.

KrisEnergy commits to Cambodia Apsara oil development

KrisEnergy Ltd., an independent upstream oil and gas company, is pleased to announce it has made a final investment decision (FID) to proceed with the first phase of development for Apsara oil field, the first hydrocarbon development project in the Kingdom of Cambodia.

As gas use surges, China sees "harsh" winter without more supply

Chinese regulators warned that the nation may face a “harsh” supply situation this winter if natural gas supplies can’t keep up with its booming demand.