Category: Asia

Pirates target oil tankers in Asia route as attacks climb

Gangs of thieves armed with knives and guns are making Southeast Asian waters increasingly dangerous for small tankers carrying fuels such as gasoil or marine diesel.  More »

China cuts Saudi oil imports amid Colombia shipment boost

China reduced oil imports from Saudi Arabia even as the world’s largest crude exporter cuts prices to lure Asian customers amid intensifying competition from Colombia to Oman.  More »

India PM uses oil price slump to ease curbs deterring Chevron

India’s recently elected prime minister, Narendra Modi, has made energy security his priority.  More »

Oil tankers to China jump to nine-month high amid crude rout

The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases.  More »

Statoil sells stake in Azerbaijan gas project

Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.  More »

Shell begins production from its first deepwater Malaysia project

The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell.  More »

Missing Vietnamese tanker likely captured by pirates

If confirmed, it would be the 12th such case of piracy since April in Southeast Asia, where tankers have been hijacked, cargo stolen and later released.  More »

Murphy to sell stake in Malaysian business for $2 billion

Arkansas-based Murphy Oil Corp. will sell a 30 percent stake in its Malyasian oil and gas assets for $2 billion to Pertamina, Indonesia’s state-owned oil and gas company, Murphy announced announced Tuesday morning.  More »

In Exxon suit, judge leaves opening for Indonesian villagers

Last year, a Supreme Court decision over foreign human rights abuse victims seeking damages in American courts left a small window open for some hoping for restitution.  More »

China rig finds gas after Vietnam sea standoff

The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.  More »

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »
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