South Asia ///
India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO of the Abu Dhabi National Oil Company (ADNOC), was honored, today, with the “International Lifetime Achievement Award” for his outstanding contribution to the global energy industry.
Tata Steel has announced a key appointment as the company looks to maximize on an upturn in its oil and gas activity.
India announced a third round of auctions in a year for oil and gas blocks under a more liberal policy, targeting to raise as much as $700 million in exploration investments as the country seeks to cut its reliance on imports.
A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.
CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.
The need to fill new and old gas infrastructure will see the drilling of exciting offshore prospects across Australia, Brunei, Malaysia, Myanmar, Pakistan and Papua New Guinea.
India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax.
Halliburton Company has announced its board of directors has appointed Jeff Miller, the company’s president and CEO, as chairman of the board, effective Jan. 1, 2019.
A team of experts mobilized by Oil and Natural Gas Corporation (ONGC) brought cyclone hit semi-submersible rig Olinda Star back to normal.
Eni successfully drilled and tested the Merakes East prospect in East Sepinggan block, offshore Kalimantan, Indonesia.
In 2017, Jumbo was awarded a contract by Geocean for the Moheshkhali Project.
The 19th edition of the Asia Oil & Gas Conference (AOGC 2017) started today in Kuala Lumpur, where more than 1,300 delegates have converged at the Kuala Lumpur Convention Centre to discuss issues and gain invaluable insights on the new reality of the oil and gas industry.
Jeff Moore, Contributing Editor
An interview with KrisEnergy on the state of Southeast Asia’s E&P sector
SINGAPORE -- A series of factors and influences have propelled the demand for small to mid-scale LNG projects in Asia.
HOUSTON -- The oil and gas industry’s leading magazine for upstream technology and activity, World Oil, forecasts a sharp drop in drilling, both in the U.S. and internationally, as a direct result of plunging crude oil prices. In its 89th annual forecast and review, World Oil predicts an average WTI oil price of $55.75/barrel (bbl), while Brent will be $58.80/bbl. A Henry Hub natural gas price of $3.35/MMBtu is expected.
LONDON and SEOUL (Bloomberg) -- Oil traded near its lowest closing price since middle of 2009 amid signs of manufacturing weakness in Europe and China.
MOSCOW (Bloomberg) -- Russian oil production rose to a post-Soviet record last month, showing how pumping of the nation’s biggest source of revenue has so far been unaffected by U.S. and European sanctions or a price collapse for the commodity.
Weatherford and TNK-BP announced that, following approval by Russia's Federal Anti Monopoly Service, TNK-BP has completed the sale of its Oil Field Services (OFS) enterprises to Weatherford International Ltd pursuant to the Sales and Purchase Agreement signed on May 29, 2009.
Pakistan's oil minister said there was solid interest from multinationals such as Eni, BP and OMV in bidding for 53 oil and gas exploration blocks concentrated in the country's south. Petroleum Minister Asim Hussain said he hoped to use the oil and gas gained from auctioning off an area of 800,000 square kilometers offshore and onshore in the provinces of Sindh, Baluchistan and the North West Frontier primarily for domestic use.