East Asia ///

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.

China’s LNG imports surge to record amid winter heating crunch

China’s imports of liquefied natural gas in November surged 53% to a record as the nation scrambles to meet fuel shortages amid peak winter demand and government’s drive to cut coal use.

China's winter misery brings LNG traders gift of volatility

China’s self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders.

Basis laid for another pipeline route of Russian gas supplies to China, Gazprom says

Negotiations continue over the planned supplies from Russia’s Far East.

EMGS enters into prefunded multi-client contract in Indonesia

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (EMGS) on Nov. 16, 2017, wherein it was announced that EMGS had received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

Bumi Armada selects operational risk management, asset integrity solution for FPSOs globally

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has selected RiskPoynt Barrier Model as their operational risk management and asset integrity solution.

China on its way to becoming second-largest importer of LNG

China is ahead of schedule on its way to becoming the second-largest importer of liquefied natural gas.

China's $160-billion energy M&A binge was bad for most investors

If history is any guide, investors in China’s biggest oil companies may lose out as a record $35 billion in cash is tapped for a fresh round of deals, according to Sanford C. Bernstein & Co. LLC.

Frigstad Offshore announces new generation harsh environment semisubmersible drilling rig

Frigstad Offshore has initiated a tender process with shipyards in Asia to price a new generation harsh environment semisubmersible drilling rig.

CNOOC reports start of production at Weizhou 12-2 oil field phase II project

CNOOC Limited has announced that the Weizhou 12-2 oil field phase II project has already commenced production.

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.