South Asia
News
January 11, 2021
“The market has now reached a price level that potentially doesn’t reflect current fundamentals,” said Ole Hansen, head of commodities strategy at Saxo Bank A/S. “Oil could be next in line” to suffer from a stronger dollar after other commodity prices came under pressure.
News
January 08, 2021
The second-largest OPEC member, Iraq increased Basrah Light crude to buyers in Asia by 70 cents a barrel, to a $1.10 premium over the regional benchmark, according to a price list from the state oil marketer.
News
January 07, 2021
State producer Saudi Aramco on Wednesday raised its flagship Arab Light oil to Asia, its biggest market, to $1 above the benchmark used by the company.
News
January 06, 2021
Even after Covid-19 has wreaked havoc on almost everything else, the new year begins with surging growth for renewable energy.
News
January 04, 2021
Pakistan has become one of the top emerging markets for the super-chilled fuel in recent years as domestic gas production has plateaued, forcing the nation to import cargoes.
News
November 22, 2019
The monitoring of pollution from oil and gas fields achieved a major breakthrough after a satellite company discovered a methane leak in Central Asia equivalent to the fumes of a million cars.
News
October 21, 2019
The first cargo is expected to leave for customers in Asia this week, and contains 1 MMbbl of crude with a market value of around $60 million.
News
October 14, 2019
Total SA is spending $600 million to expand its presence in one of the world’s fastest growing natural gas markets.
News
October 03, 2019
Saudi Arabia raised all pricing for November oil sales to Asia as refining margins rose and the country’s state oil producer pulled out the stops to maintain supply after aerial attacks briefly knocked out half its output last month.
News
September 24, 2019
“Energy consumption was greater in Asia than in any other region in 2018, and we project that consumption will almost double between 2018 and 2050, making Asia both the largest and fastest-growing region in the world for energy consumption,” according to Linda Capuano, EIA administrator.
News
September 24, 2019
The contract covers an area of 1,600 km² for 3D seismic with associated 2D work to be executed over a 1.5-month period from end Q3 2019 for the undisclosed client.
News
September 22, 2019
Petronet will spend $2.5 billion for an 18% equity stake in Tellurian's $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate the purchase of 5 MM tons of gas per annum.
News
September 20, 2019
Pakistan has given provisional permission to five developers, including partnerships with Exxon Mobil and Royal Dutch Shell, to set up LNG import terminals.
News
September 17, 2019
Indian Prime Minister Narendra Modi’s imminent visit to the U.S. energy capital is fueling speculation the second most-populous nation will further tap America’s shale gas bonanza.
News
September 06, 2019
An Indian state-owned refiner is mulling the purchase of American oil from Chinese sellers offering cargoes that would be hit by new tariffs on U.S. supplies.
News
August 19, 2019
The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market.
News
August 15, 2019
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
News
March 07, 2018
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.
News
February 21, 2018
Essar Oilfields Services India Limited (EOSIL) today announced that it has been awarded a Rs 28-crore contract by Gas Authority of India Limited (GAIL) to drill three firm plus two optional wells in Gujarat’s Cambay basin.
News
February 14, 2018
A blast was reported on ONGC drillship Sagar Bhushan at 9.15 a.m. yesterday, at Cochin Shipyard where it has been dry docking since Dec. 7, 2017.
News
February 12, 2018
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
