Category: Asia

Day 2 at OTC was all around the world

The Offshore Technology Conference’s international character came into focus Tuesday as Petrobras predicted big growth from reservoirs in Brazil, China outlined its long-term plans for harnessing shale gas and France’s Total touted the success of a massive 49-well project off Angola.  More »

China: Growing quickly, but slow to exploit its shale resources

For those who wondered when China will begin to exploit its shale resources, a Chinese energy executive had some answers Tuesday. It isn’t likely to happen quickly, and it won’t be easy.  More »

PetroVietnam CEO to Houston oil and gas experts: Come to Vietnam

Vietnam’s hunger for energy is growing by leaps and bounds, outpacing PetroVietnam’s resources and opening potential doors for international opportunities.  More »

Tech Talk – The BP View of the Future

I suspect I should apologize. Here I am talking about the future projections for energy production made by companies such as ExxonMobil and Shell, as though they were still the key and only players in the world. Yet in reality, Saudi Aramco (12.5 mbdo…  More »

Japanese energy firm leases space in Galleria area

The space will serve as the national headquarters for Osaka Gas and will be the company’s largest presence in the United States.  More »

Salaries soaring for oil workers overseas

See the Top 15 countries where foreign oil and gas workers are making the largest salaries. As pay in the United States climbs rapidly, companies with overseas operations are ponying up bigger bucks to attract top talent.  More »

Japan to become largest solar market after China

Japan will probably become the largest solar market in the world after China this year, boosted by an incentive program that offers above-market rates for energy from renewable sources, according to a Bloomberg New Energy Finance said in a research note.  More »

Newfield has ‘largest’ success in discovery off Malaysia

Newfield estimates there are 1.5 trillion to 3 trillion cubic feet of gas initially in place after its discovery.  More »

India opens shale oil and gas for production

India will allow explorers, including Oil & Natural Gas Corp. and Reliance Industries Ltd., to produce shale oil and gas for the first time as Asia’s second-biggest energy consumer seeks to cut reliance on imports.  More »

Japan to start world’s first LNG futures

Japan, the biggest buyer of liquefied natural gas, plans to list the world’s first futures contract for the supercooled fuel on the Tokyo Commodity Exchange within two years.  More »

Chevron signs a 20-year deal to ship LNG

A major Japanese electric company will buy 1 million tons of liquefied natural gas per year from a massive Chevron project in Australia, in a 20-year deal announced Thursday.  More »

CNOOC chief: Countries should work together to meet global energy needs

CNOOC CEO Li Fanrong said there are misconceptions about the state-owned company’s overseas acquisitions and investments.  More »

Energy industry fueled by strong M&A activity

The oil and gas sector announced an average of four deals each day in 2012, according to a report released Thursday. Oilfield services was the fastest-growing segment.  More »

Column: China and its North American energy ambitions

There has been an almost surgical focus by China on foreign acquisitions in the energy space, taken one giant step further by the acquisition of NEXEN by CNOOC (nope, that’s not code, I promise).  More »

Shell betting on gas price rebound, new demand

CEO Peter Voser forecasts U.S. energy independence could be just 20 years away.  More »