Category: Asia

Commentary: Considering the conundrum in China

The key takeaway is that China is willing to accept a slowdown in the near term, dealing with its growing pains and promoting structural reform rather than trying to stimulate its way out of its current predicament.  More »

Thai oil spill spreads to new bay on resort island

Progress was being made on cleaning the oil that washed into Prao Bay on the west coast of Samet Island in Thailand, though not fast enough, as the oil slick continued to spread three days after leaking from a nearby pipeline.  More »

Agency projects 50% rise in world energy demand by 2040

Growth in the developing world will increased global energy consumption by 50 percent in the next three decades, and fossil fuels will continue to dominate the energy picture.  More »

Chinese Oil Companies Move Up on Fortune Global 500

For almost 15 years we have been beating the drum of the importance of the oil business for the world, a far cry from peak oil and the cacophony of climate change nonsense. Chinese demand for oil and gas has provided and continues to provide an additional accent. It is moving towards the domination of the oil business and commerce. Chinese oil companies have obliged and filled a void in that country and they have influenced the oil business in hitherto unthinkable ways. More than $200 billion have been invested by Chinese oil companies to buy oil and gas properties throughout the world.  More »

Guest commentary: Pipeline wars or pipe dreams?

Aviezer Tucker, assistant director of the Energy Institute at the University of Texas in Austin, says today’s Eurasian pipeline wars are quickly becoming obsolete because of U.S. shale and new economic and technological realities.  More »

Indonesia steps toward fuel hike amid protests

Indonesia’s Parliament voted to approve a budget package on Monday that lays the groundwork for the slashing of government fuel subsidies, as police fired tear gas and water cannons outside to disperse hundreds of angry protesters.  More »

Asia’s largest solar-thermal power plant launches (photos)

Godawari Power & Ispat Ltd. has started Asia’s biggest solar-thermal plant, but analysts say its too soon to declare the project a success.  More »

Shell eyeing investment in LNG import terminal in China

Royal Dutch Shell is looking at investing in a liquefied natural gas import terminal in east China, the company said Thursday.  More »

Shale exploration in China set to explode, analyst says

“PetroChina has overtaken Exxon Mobil as the largest company in the world in terms of E&P capital investments,” Barclays wrote in a report this week.  More »

US shale boom shapes international energy markets

The shale boom in the United States has impacted the entire domestic economy, but also is shaping world thinking about energy use, panelists said at the kick-off session for a KPMG conference on global energy in Houston on Wednesday morning.  More »

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 »