ExxonMobil, Pertamina to assess Indonesia’s carbon capture and storage

Exxonmobil and pertamina, the state-owned energy company for Indonesia, has signed a memorandum of understanding (MoU) to evaluate possibilities of large-scale low-carbon...

Exxon calls for carbon price, working on CCS projects across Asia

Exxon Mobil Corp is pursuing carbon capture storage (CCS) hubs across Asia and has started talks with some countries with potential storage...

China Must Hold Energy Supply Security In ‘Its Own Hands’, Xi...

President Xi Jinping told oil workers that China must secure its own energy supply, signaling a continued role for fossil fuels in...

Adani Green Energy acquires the 5GW renewable portfolio of SB Energy...

Following the completion of Adani Green Energy’s (AGEL) acquisition of 100% interest in SB Energy India from SoftBank Group Corp (“SBG”) (80%)...

Gasoil drives Asian refinery margins back to pre-COVID levels

The rebound will incentivise Asian refiners to boost output in the coming months although regional supplies of refined oil products are expected to stay capped by declining Chinese exports and low inventories.

Japan to urge oil producers to boost output, says PM Kishida

Japan will urge global oil producers to increase output and take steps to cushion the blow to industries hit by the recent...

Oil Steadies Near 7-Year High

Oil Steadies Near 7-Year High
Oil steadied in Asian trading after rallying to the highest level since 2014 following a decision by OPEC+ to maintain its planned...

Diesel price goes up for 2nd consecutive day, petrol rate remains...

Diesel prices on Monday shot up again as petrol rates, yet again, remained unchanged amid a volatility in global oil prices.According to Indian...

Relief for Indian consumers as fuel prices maintain stability

Auto fuel prices in the country have maintained stability amidst volatility in global oil prices.The oil marketing companies (OMCs) on has kept...

Shelf Drilling, ONGC Score Three-Year Jack-Up Deal

As for the rig, the Parameswara is a 300-foot jack-up drilling rig of a Baker Marine BMC 300 IC design. It was built in 1983 and upgraded in 2001.

Asian LNG spot prices rise on expected colder weather

Asian spot prices for liquefied natural gas (LNG) rose to their highest in more than 11 months this week, underpinned by expectations that an anticipated cold winter will stoke demand for the fuel used in heating. The average LNG price for December delivery into northeast Asia LNG-AS was estimated at $5.80 per million British thermal units (mmBtu), up 10 cents from the previous week. The price for November delivery was at around $5.70 per mmBtu, up 20 cents from last week, trade sources said. Taiwan’s CPC Corp closed a tender earlier this week to buy 12 cargoes for next year, while South Korea’s Posco bought a cargo for delivery in the second half of November, traders said. Japan’s Kansai Electric and Japex were seeking a cargo each for mid-December delivery while China’s Guangzhou Gas was also seeking a cargo for delivery in late December, they said. Kuwait Petroleum Corp bought a cargo for mid-November delivery at about $5.70 to $5.90 per mmBtu, one source said. In Pakistan, Gunvor Singapore s offered the lowest bid for the delivery of one cargo in November at 13.8699% slope of Brent, an official said on Thursday. Bangladesh is also expected to double its imports of LNG from December on rising demand, two energy officials said. On the sell side, Royal Dutch Shell said on Thursday its Prelude floating LNG project off Australia, offline since early February, is working on restarting operations but would not resume full production this year. Australia’s GLNG may have sold a cargo for late November loading at about $5.20 to $5.50 per mmBtu on a free-on-board basis while BHP Billiton likely sold a Nov. 21-23 cargo at about $5.40 to $5.60 per mmBtu, sources said. Angola LNG had a sell tender this week for a cargo to be delivered to as far as Indonesia, they added. Egypt’s Idku plant is expected to resume LNG production after a three-month hiatus, Kpler said.
Asian spot prices for liquefied natural gas (LNG) rose to their highest in more than 11 months this week, underpinned by...

The Strategic Significance of Vietnam-US Oil and Gas Cooperation

east Asia Forum
Partnering with American firms would shrink Vietnam’s trade surplus with the US—and help Hanoi hold the line in the South China Sea.

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