Far East
News
March 08, 2016
A facility on Japan’s Pacific coast will be ready next month to ship LNG abroad, as a global glut turns the world’s biggest buyer into a seller of the fuel.
News
January 21, 2016
OPEC’s decision to flood global markets is helping China’s biggest oil company pump record volumes overseas.
News
December 06, 2015
With the International Energy Agency predicting that Indonesia will import 40% of its oil needs by 2018, OPEC is getting a consumer in their midst.
News
November 08, 2015
Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi said. OPEC’s chief joined him in seeing Asia as the main hub for growth.
News
September 22, 2015
The slump in LNG prices still has further to go, even after a plunge of 60% from last year’s peak, according to FGE, an energy consultant.
News
September 08, 2015
Crude jumped almost 4% in less than two hours in London as a late-day surge in Shanghai stocks spurs investor optimism across global markets.
News
September 04, 2015
Rosneft Vietnam B.V., a company of Rosneft Group, and Japan Drilling Co., Ltd. (JDC) signed an agreement on provision and operation of the marine drilling rig HAKURYU-5, for the purposes of drilling exploration wells within the framework of Rosneft’s projects in Vietnam.
News
September 04, 2015
OAO Rosneft will sell a stake in one of its largest oil-producing projects to ONGC Videsh Ltd., the overseas-investment arm of India’s biggest explorer, for $1.27 billion, people familiar with the plan said.
News
August 17, 2015
Wood Group has been awarded the front end engineering and design (FEED) contract for the subsea development of the Talisman Energy Ca Rong Do field offshore Vietnam.
News
July 24, 2015
China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.
News
July 22, 2015
Japan’s foreign ministry unveiled a map and photographs of what it said were 16 Chinese marine platforms close to Japan’s side of the disputed East China Sea.
News
May 20, 2015
British Columbia and a group of companies led by Malaysia’s Petroliam Nasional Bhd. reached a preliminary deal on taxes and royalties for a proposed C$36 billion ($30 billion) liquefied natural gas project.
News
May 19, 2015
The U.S. is about to change the global LNG market forever.
When the first tanker carrying LNG from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.
Since the first LNG cargo went to the U.K. from Algeria under a long-term contract in 1964, buyers opted for guaranteed supply, because the fuel was scarce. That’s changing, because gas from the Eagle Ford and other plays will transform the U.S. into the third-biggest exporter by 2020.
Article
May 2015
Companies in the news
News
May 05, 2015
LAFAYETTE, La. -- Gauthiers’ has acquired an equity share of Modex, an international manufacturer of DNV-certified offshore equipment.
News
April 16, 2015
Huisman has started final factory acceptance testing of its first 900-mt Rope Luffing Knuckle Boom Crane, now called the ‘Hybrid Boom Crane’, at the quayside of the Huisman China Production facility in Zhangzhou.
News
March 09, 2015
KrisEnergy has increased its working interest in Block 105 and is taking over operatorship of the production sharing contract.
News
February 27, 2015
With supertankers booked solid carrying cheap crude, smaller vessels are taking advantage of the opportunity by hauling record volumes of Russian oil to Asia.
News
February 27, 2015
Ships carrying oil from Mexico are sailing to South Korea for the first time in more than two decades as the U.S. shale boom brings bargains from around the globe.
News
February 16, 2015
SHANGHAI (Bloomberg) -- China will allow more oil refiners to process imported crude, opening the door for small, independent plants known as teapots to use an alternative feedstock.
News
February 11, 2015
InterOil Corporation has advised that the International Chamber of Commerce arbitration panel has dismissed all claims by the PAC LNG companies, affiliates of Oil Search Limited, to pre-emptive rights over a share sale and purchase agreement involving an interest in the Elk-Antelope gas field in Papua New Guinea.
