Asia Pacific
Crude Oil , Trade , International
US Weighs Crackdown on China’s Import of Iranian Oil
Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.
Public Capital , Exploration & Production , Acquisitions & Divestitures
Oil Search Rebuffs $6.5 Billion Takeover Bid from Santos
A takeover of Oil Search would give Santos a bigger stake in the Exxon Mobil-led LNG project in Papua New Guinea plus operatorship of the Pikka oil project in Alaska.
Field Development
China’s CNOOC Dives into Uncharted Deep Waters in Bold Gas Pivot
Tapping major gas reserves within its waters supports CNOOC's plan to use natural gas as a bridge fuel.
Liquefied Natural Gas (LNG)
Malaysia’s Petronas Signs 10-year LNG Deal with CNOOC
The $7 billion deal valued at $7 billion is indexed to Brent and AECO.
Field Development
CNOOC Begins Production at Weizhou 11-2 Oil Field in South China Sea
CNOOC Ltd. has commenced production on the Weizhou 11-2 oilfield phase II project, the company said on June 28.
Field Development
First Deepwater Gas Field Fully Run by China Starts Production
The South China Sea project is expected to reach peak production of 328 million cubic feet of natural gas and 6,751 barrels of condensate per day in 2022, CNOOC says.
Investment , International , Energy Transition
India’s Reliance to Invest over $10 Billion in Green Energy Business
“The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer,” said Reliance Industries Chairman Mukesh Ambani, Asia’s richest man, at a shareholder meeting.
Unconventional , Discoveries
CNPC Discovers Shale Oil Field in Erdos Basin
Proven geological reserves are estimated at more than 1 billion tonnes shale oil, Xinhua reported June 20.
Energy Transition , Technology
DNV Partnership to Develop Hydrogen Projects in Singapore
DNV and partner Keppel Offshore & Marine aim to explore safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market.
Liquefied Natural Gas (LNG)
LNG Market Poised for Buoyant Recovery
Demand grows across Asia, with China and India pushing the post-COVID rebound.