Industry Developments

Australian producer Woodside Petroleum has ruled out building a liquefied natural gas (LNG) export terminal in East Timor to process gas from the Greater Sunrise fields in the... 2008-08-01

Thailand's state-controlled oil company PTT has signed a Memorandum of Understanding (MoU) with its Indonesian counterpart Pertamina to look at joint development of the Natuna... 2008-08-01

Vietnam's Su Tu Vang (Golden Lion) oil field is expected to come onstream in September with initial output of around 10,000 barrels per day (b/d). Volumes are then set to increase... 2008-07-30

State-owned China National Petroleum Corporation (CNPC), China's largest integrated oil and gas company, has announced that it will cut its workforce by 5% over three years.

British explorer and producer SOCO International has announced the start of production from the Ca Ngu Vang (CNV) field offshore Vietnam.

The government of South Korea has announced a series of measures to boost overseas energy production by its state-owned companies and to reduce domestic consumption in an attempt... 2008-07-28

US major ExxonMobil and Australian partner BHP Billiton have approved the US$1.35bn Turrum oil and gas project off Australia's south-east coast.

Australian independent Carnarvon Petroleum has said its NSE-A3 exploration well on the Na Sunan East oilfield in Vietnam's Phetchabun basin is producing crude oil at a stabilised... 2008-07-25

China's Citic Resources Holdings is considering making a US$10bn bid for Australian producer Origin Energy's coal bed methane (CBM) assets, according to a report in the South... 2008-07-24

State-owned Vietnam National Petroleum Corporation (Petrolimex) has announced plans to build an oil refinery in the country's central Khan Hoa province.