Industry Developments

Thailand's state-controlled PTT Exploration and Production (PTTEP) and US independent Murphy Oil have won the rights to explore permit WA-423-P in the Browse Basin offshore Western... 2008-11-21

China aims to begin constructing oil and gas pipelines through Myanmar in 2009, as it seeks to establish a new route for imports from the Middle East and the local market. The planned... 2008-11-19

State-run PetroVietnam is apparently holding a second round of talks with Iraq's oil ministry over a US$300mn deal that the company signed with the Saddam Hussein regime in March... 2008-11-18

BG Group has acquired 90.95% of Australian coal bed methane (CBM) gas producer Queensland Gas Company (QGC), according to a statement released by QGC on November 17. BG is set to... 2008-11-18

Malaysian state-owned oil company Petronas plans to invest MYR700mn (US$194.8mn) in Uzbekistan's energy sector over the next three years, according to a report in the New Straits... 2008-11-17

State-owned China National Petroleum Corporation (CNPC) has commenced natural gas transportation through a 1,515km long gas pipeline, linking the Xinjiang field in the Junggar Basin... 2008-11-14

Australian independent Woodside Petroleum has said that the financial crisis will not affect its liquefied natural gas (LNG) projects. BMI forecasts Australian LNG exports to almost... 2008-11-14

Japan's Osaka Gas has said that it is holding negotiations with Oman over the sale of a minority stake in its subsidiary Senboku Natural Gas Power Generation Company to Oman... 2008-11-13

South Korea and Turkmenistan have agreed to set up joint exploration projects in Turkmenistan to exploit that country's vast oil and gas potential.

Austria's OMV has announced that the production start from the Maari oil field in New Zealand has been delayed until the end of Q309, at which point the first three wells are... 2008-11-12