Far East ///

State Department asks Asia to open energy trade in midst of tariff fight

A U.S. State Department official called on Asia’s energy sector to open its doors to outside competition, even as tensions between Washington and Beijing escalate.

CNOOC, Husky sign PSCs for exploration blocks in the South China Sea

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed two production sharing contracts (PSCs) with Husky Oil Operations (China) Limited for Block 22/11 and 23/07, in the South China Sea.

Oilfield services and equipment sector tells USTR proposed tariffs would harm U.S. manufacturing

The Petroleum Equipment & Services Association (PESA) submitted comments to U.S. Trade Representative Robert Lighthizer outlining how the administration’s proposed tariffs on $50 billion worth of Chinese imports would impact the oilfield service, supply and manufacturing sector.

OTC '18: Japanese official details country’s LNG role, clarifies nation’s energy mix

At an Offshore Technology Conference (OTC) topical breakfast in Houston on Wednesday, Takuma Iino Deputy Director of the Petroleum and Natural Gas Division at Japan's Ministry of Economy, Trade, and Industry, said that LNG has become even more important in the country’s energy mix.

CEFC China may cut half its workers, but Rosneft deal still alive

CEFC China Energy Co. may cut half of its 30,000-strong workforce as the sprawling conglomerate faces increased financial pressures and scrutiny from Beijing, said an official at one of its units.

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.

As oil falters, fuel that drove bull run continues cruising

Oil investors rattled by the threat of U.S. output can find some cheer from diesel demand in Asia.

As Siberian gas awaits U.S. landing, a second ship may be coming

A second tanker carrying Russian natural gas may be on the way to the U.S., following in the footsteps of a ship now sitting near Boston Harbor with a similar cargo.

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.

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.

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.

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.

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.

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.

Oil & Gas in the Capitals

Jeff Moore, Contributing Editor

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

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.

New China energy star still hungry after $9-billion Rosneft deal

A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co.

CNPC, Eni sign E&P cooperation agreement

China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals.