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.

July 23, 2021

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.

July 20, 2021

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.

July 9, 2021

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.

July 7, 2021

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.

June 28, 2021

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.

June 25, 2021

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.

June 24, 2021

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.

June 21, 2021

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.

June 17, 2021

Liquefied Natural Gas (LNG)

LNG Market Poised for Buoyant Recovery

Demand grows across Asia, with China and India pushing the post-COVID rebound.

June 11, 2021