India Plans New Licensing Round On Revised PSC Norms
The new policy focuses on incentivizing increased investment and production.
April 18, 2019
Asia Pacific
A&D Transactions From The Week Of April 17, 2019
Here’s a snapshot of energy deals from the past week including the mammoth Chevron-Anadarko Petroleum merger plus Shell’s nearly $1 billion Gulf sale and a Concho Resources midstream JV.
April 17, 2019
Indian Refiners Turn To OPEC, Mexico, U.S. To Make Up Iran Oil Gap
OPEC and other producers including Russia have gradually tightened supply through 2019 to reduce a global glut. OPEC and its partners may not renew the curbs when they expire after June because of the risk of over-tightening the market.
April 17, 2019
Saudi Aramco Reportedly In Talks To Buy Reliance Stake
Aramco's discussions with Reliance were "serious," one source said. Another source said talks with Reliance were so far for a 25% stake worth up to $15 billion.
April 17, 2019
Oil Pauses; Focus On Future Supply Direction
Oil prices nudged lower on April 15 after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.
April 15, 2019
Petronas Acquires Singapore-Based Solar Power Company Amplus Energy
Malaysian state-owned oil and gas firm Petronas said on April 15 it had acquired a Singapore-based solar energy company as part of a strategy to move into renewable energy, chasing high-growth business to complement its mainstay operations.
April 15, 2019
CNOOC Signs PSC With Smart Oil For Bohai Bay Basin Block
Smart Oil will serve as operator during the exploration period and conduct exploration activities in the block, according to a news release.
April 12, 2019
Climate Goals Could Sink Oil Demand From Mid 2020s
If no new climate policies are implemented, oil demand could plateau at around 110,000 MMbbl/d from around 2030, according to the study.
April 11, 2019
Oil Prices Slip As US Stocks Surge, But Global Market Tightens
Rising U.S. crude stocks dragged oil lower on April 11 but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.
April 11, 2019
BP Latest Oil Major To Exit China's Shale Gas After Poor Drilling Results
BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week.
April 11, 2019