East Asia ///

LNG rollercoaster seen getting wilder until China builds storage

The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive.

The Philippines in talks with China for joint sea exploration

The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said Friday.

OGIC to strengthen innovation ties with China

A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (March 5-10) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing.

What LNG traders want to know most is if China surprises again

China’s winter liquefied natural gas binge sent prices to three-year highs, left European terminals largely idle and pulled in ships halfway around the world from Louisiana to the Pacific region.

Booming Asian gas demand ripples all the way to Norway

Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places.

China ends 25-year wait as yuan oil futures to start trading

After a wait of about a quarter of a century, the world’s biggest oil buyer is finally getting its own crude-futures contract.

U.S. gas drillers are missing out on Asia's oil-driven cash boom

If you’re pumping natural gas in the U.S., you’re probably missing out on Asia’s boom.

Aramco's Asia light oil pricing steady in sign of slower demand

Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand.

'Oil-for-loan' deals partly to blame for Venezuela's economic spiral

China’s role in Venezuela, including oil-for-loan deals, is partly to blame for the South American country’s shrinking economy and the international community will probably shoulder the costs, U.S. Treasury Under Secretary for International Affairs David Malpass said.

Shell to sell stake in Thailand’s Bongkot field for $750 million

Shell Integrated Gas Thailand Pte Ltd. and Thai Energy Company Ltd., affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited.

China passes South Korea as No. 2 LNG importer

China’s General Administration of Customs just confirmed what liquefied natural gas industry insiders have been speculating for weeks: There’s a new No. 2 in town.

An oil giant shrinks in Asia as dirty skies turn cash toward gas

China’s crude oil production will likely extend it’s slide into a third year as state-run giants focus on pumping natural gas to meet President Xi Jinping’s drive to use more of the cleaner-burning fuel.

Flow of unwanted oil from China is set to turn into a deluge

The pace at which China exports the fuel it doesn’t want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer.

All 32 people aboard burning oil tanker presumed dead, Iran says

All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.

Petro Matad provides update on Mongolian 3D seismic program

MONGOLOIA -- Petro Matad, the AIM-quoted Mongolian oil explorer is pleased to provide an update on its 3D seismic acquisition program.

Petro Matad completes 3D survey in Mongolia's Tugrug basin

Further to the Company’s announcement on Oct. 4, 2017, Petro Matad, the AIM quoted Mongolian oil explorer has provided an update on its 3D seismic acquisition program.

Iranian tanker at risk of sinking as buyer seeks other supply

Hanwha Total Petrochemical Co. bought alternative supply after a fire on board an Iranian oil tanker that was destined for the South Korean company.

North Korea sneaking in oil with secret ship transfers

Donald Trump’s desire to squeeze Kim Jong Un’s regime risks being undermined by the furtive maneuvers of oil tankers at sea.

International Petroleum Corp. provides update of Canadian acquisition, Malaysia operations

International Petroleum Corp. has provided corporate updates on the previously announced acquisition in Canada and on activities in Malaysia.

Russia tightens oil grip in top market as China opens second pipeline

A second Sino-Russian oil pipeline began operations on New Year’s Day, doubling China’s capacity to import crude from the East Siberia-Pacific Ocean system.