South Asia ///

India’s PM Narendra Modi presents ADNOC Group CEO with “International Lifetime Achievement Award” at Petrotech 2019

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 makes key appointment to support business growth

Tata Steel has announced a key appointment as the company looks to maximize on an upturn in its oil and gas activity.

India set to hold third oil, gas block auction under new policy

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.

U.S. ban may offer China and India feast of cheap Venezuelan oil

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's Huizhou project starts production in the South China Sea

CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production.

Will Asia-Pacific's O&G sector join the global recovery in 2019?

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 oil demand rises from four-year low as cash ban impact fades

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 President and CEO Jeff Miller appointed as chairman of the board

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.

ONGC experts bring Cyclone Pethai hit drilling rig to India's offshore east coast

A team of experts mobilized by Oil and Natural Gas Corporation (ONGC) brought cyclone hit semi-submersible rig Olinda Star back to normal.

Eni reports Merakes East gas discovery, offshore Indonesia

Eni successfully drilled and tested the Merakes East prospect in East Sepinggan block, offshore Kalimantan, Indonesia.

Jumbo completes work on first LNG import terminal in Bangladesh

In 2017, Jumbo was awarded a contract by Geocean for the Moheshkhali Project.

AOGC 2017 kicks off in Kuala Lumpur, as oil and gas industry embraces new reality

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.

Oil and gas in the capitals

Jeff Moore, Contributing Editor

An interview with KrisEnergy on the state of Southeast Asia’s E&P sector

Growing demand for small-mid scale LNG in Asia Pacific

SINGAPORE -- A series of factors and influences have propelled the demand for small to mid-scale LNG projects in Asia.

World Oil anticipates a drilling recovery after the oil price decline

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.

Crude oil trades near five and a half year low amid manufacturing weakness

LONDON and SEOUL (Bloomberg) -- Oil traded near its lowest closing price since middle of 2009 amid signs of manufacturing weakness in Europe and China.

Russia pumps most oil since Soviet Era as sanctions yet to bite

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 completes acquisition of TNK-BP's oilfield services

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.

Companies line up for Pakistan blocks

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.

CNOOC announces new discovery JZ20-2N in Bohai Bay

CNOOC announced that the company has successfully drilled a new discovery - JinZhou (JZ) 20-2N, located in the northeast of Liaodong Bay, about 4 kilometers north to JZ 20-2 gas field.