East Asia ///

Rystad Energy: China’s promise to cut tariffs, open economy allows U.S. producers to breathe easier

During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the U.S. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment.

What’s new in production

Don Francis, Contributing Editor

The Great East Japan Earthquake and MH 21.

China gas giant "confident" U.S. energy ties set to deepen

The head of China’s largest natural gas importer believes the country’s energy ties with the U.S. are set to deepen, despite trade conflict between the world’s two largest economies that has roiled financial markets.

Oil rises after Xi's speech on optimism U.S.-China spat may ease

Oil advanced above $64/bbl after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions may ease, lifting risk assets around the world.

Rystad Energy: U.S. oilfield services have more to lose than Chinese peers amid trade tensions

U.S. and Chinese based oil & gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows.

Oil extends weekly loss as Trump urges new U.S. tariffs on China

Oil extended a weekly loss as U.S. President Donald Trump ordered the consideration of new tariffs on Chinese imports, escalating trade tensions.

Top Vietnam oil company says sea tensions hurt investment

Vietnam’s state-owned oil company said South China Sea tensions will hurt oil and gas exploration and efforts to attract foreign investment to offshore fields.

Mubadala Petroleum reaches FID for Pegaga gas field, offshore Malaysia

Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia. The project will now proceed to the construction and installation stage.

Crude drops as Trump tariffs on China spark trade war concerns

Crude took a turn lower amid an equity selloff largely pinned to growing apprehension about a potential trade war with China.

Add Energy, PT Synergy Engineering secure maintenance build contract for Tangguh LNG expansion

Add Energy, the international energy consultancy provider, in partnership with their Indonesia partner, PT Synergy Engineering, have been awarded a maintenance build contract for work on Tangguh LNG expansion project in Indonesia.

CNOOC announces start of production at Weizhou 6-13 field, in the South China Sea

CNOOC Limited has announced that Weizhou 6-13 field has commenced production ahead of schedule.

Singapore's non-oil exports slide the most since 2016

Singapore’s non-oil domestic exports slumped the most since October 2016, signaling growth risks to one of Asia’s most trade-dependent economies.

Government policy crucial for future of upstream sector in Southeast Asia, says GlobalData

As the upstream sector recovers from the 2014 oil price crash and resulting budget cuts, a number of Southeast Asian governments are adapting policies in the sector in the hope of capturing a share of new investment, according to GlobalData, a leading data and analytics company.

MAN Diesel & Turbo to supply compressor technology for offshore gas production in Vietnam

PTSC Mechanical & Construction Ltd. has commissioned MAN Diesel & Turbo to supply a total of two compressor trains for the Sao Vang and Dai Nguyet gas fields’ development project in Vietnam.

OPEC Beware: Asia seen favoring U.S. shale oil as volumes soar

OPEC should beware as U.S. shale producers are set to steal a bigger slice of the world’s biggest oil market and threaten the cartel’s foothold in Asia, according to a top industry consultant.

Koch said to cut oil-trading jobs from Asia, Europe, U.S.

Koch Supply & Trading is cutting jobs from its global oil business as one of the largest private U.S. companies contends with trading conditions that also proved tough for several rivals.

You don't need Asia to get $12 for your LNG

You don’t need to send your liquefied natural gas to Asia to get high prices.

G3 Exploration reports progress at GGZ Block in southwest China

G3 Exploration Ltd., an independent specialist in the exploration and development of coal bed methane gas (CBM), with roots in China and a focus on international expansion, is pleased to provide a progress update of the exploration and development activities for its Baotian-Qingshan (GGZ)2 Block, situated in the Guizhou Province, China.

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.