Browse News from Other Regions:
Asia Refiners Snap Up Cheap Light Oil to Reap Higher Fuel Profits
(Monday, March 27, 2017) As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.
Chevron Suspends Production at Gorgon Train Two LNG Project
(Monday, March 27, 2017) Chevron has temporarily suspended production of LNG at its Gorgon Train Two production line in Australia, the company said on Monday.
Lotte Chem: Not Picked as Preferred Bidder for Singapore's Jurong Aromatics
(Thursday, March 23, 2017) South Korea's Lotte Chemical Corp said on Thursday it had not been picked as a preferred bidder for the acquisition of Singapore petrochemical company Jurong Aromatics Corp (JAC).
EnerMech Manager Credits Staff for Prelude FLNG Contract Win
(Wednesday, March 22, 2017) The high calibre of its staff helps EnerMech secure a pre-commissioning subcontract with Technip Oceania Pty Ltd on the Shell Australia operated Prelude FLNG project.
Chevron Calls End of LNG Mega Project After $88 Billion Spree
(Tuesday, March 21, 2017) Chevron's two major Australian LNG facilities have suffered from cost blowouts, delays and poor timing.
Indonesia Police Say Interpol Issues Red Notices for 3 Sinopec Execs
(Tuesday, March 21, 2017) Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.
Australia Threatens Gas Majors with 'Action' to Avert Domestic Shortage
(Monday, March 20, 2017) Australia is on track to become the world's largest exporter of LNG, yet its energy market operator has warned of a domestic gas crunch from 2019 that could trigger industry supply cuts and broad power outages.
Indonesia Plans to File WTO Complaint Over EU Biodiesel Duties
(Monday, March 20, 2017) Indonesia plans to file a World Trade Organization complaint this month against European Union anti-dumping duties on biodiesel exports from the Southeast Asian country, trade officials said on Sunday.
BP Halves Stake in New Zealand's Only Oil Refinery
(Friday, March 17, 2017) BP Plc on Friday said it had sold around half its roughly 20-percent stake in New Zealand Refining Company Limited for NZ$80.4 million ($56.2 million) as part of a global portfolio review.
May Contract Softens as Fresh Supply Looms
(Friday, March 17, 2017) Asian spot LNG prices fell again this week with Angola releasing more supply even as more Australian and U.S. production gears up at a time of already saturated markets.
Cargill Says Macquarie Group to Buy Its Petroleum Business
(Thursday, March 16, 2017) Australian investment bank Macquarie Group Ltd agreed to buy Cargill Inc's petroleum business, the commodities trader said on Thursday, the latest reshuffling of its business following an almost three-year slump in oil prices.
Over 800 Workers Demobilized From Ichthys LNG Tanks Project
(Wednesday, March 15, 2017) Laing O'Rourke Australia Construction has demobilized approximately 800 of its people from the Ichthys LNG Tanks Project in Darwin.
Australia Hauls in Gas Majors to Avert Local Shortage
(Wednesday, March 15, 2017) Australia is on track to become the world's largest exporter of LNG, yet its energy market operator has warned of a domestic gas crunch from 2019.
Inpex's Ichthys LNG Hit by Another Contract Dispute
(Wednesday, March 15, 2017) Inpex's $37 billion Ichthys Australian LNG project was hit by another subcontractor dispute.
South Africa's Engen to Ship Gasoil to Singapore in Rare Move -Sources
(Wednesday, March 15, 2017) South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data.
Ex-BP Exec Charged in Singapore for Receiving $3.95 Mln in Bribes
(Thursday, March 09, 2017) A former regional director for marine fuels with BP was charged with taking bribes from an executive at a petroleum products supplier in order to advance the company's business interests with BP, according to the charge sheet.
Australia Faces Gas Shortage, More Blackouts from 2019 -Market Operator
(Wednesday, March 08, 2017) Australia's need for more gas for power has arisen just as three new LNG export plants have opened in the northeast, tripling gas demand and drawing supply out of the domestic market.
BP's Tangguh Train 2 LNG Plant in Indonesia to Shut for Nearly 2 Months
(Wednesday, March 08, 2017) Oil and gas giant BP will shut down its Tangguh Train 2 liquefied natural gas plant in Indonesia's West Papua province for nearly two months for maintenance, a company executive said on Wednesday.
Gas Firms Locked in Legal Spats as $200 Billion Spree Sours
(Tuesday, March 07, 2017) After an investment bonanza at the start of the decade -- poised to catapult Australia ahead of Qatar as the world's biggest supplier of LNG -- many of the world's top energy producers and service firms face the prospect of weaker returns.
Papua New Guinea Grasps at Its Own Gas as LNG Exports Surge
(Monday, March 06, 2017) Less than three years after it began sending one of its most precious resources overseas, Papua New Guinea's future may be determined by how much of it stays at home.