Industry Developments

Indian liquefied natural gas (LNG) importer Petronet is planning to enter the upstream oil and gas sector in Papua New Guinea (PNG), according to official sources quoted by The... 2008-10-30

News: Sugarcane output in 2008-2009 is expected to decline and in view of this, the government of Karnataka, India has recommended sugar mills pay an extra INR160 (US$3.71) per... 2008-10-30

Production has started at the Su Tu Vang (Golden Lion) field on Block 15-1 offshore Vietnam. The news is positive for Vietnam, which has been struggling to reverse falling output... 2008-10-29

Russia and China have come to an agreement to export Russian oil via an offshoot of the Eastern Siberia-Pacific Ocean (ESPO) pipeline to China in return for Beijing handing out large... 2008-10-29

Britain's BG Group is reportedly set to buy Australian coal bed methane (CBM) developer Queensland Gas Company (QGC) in a AUD5bn (US$3.1bn) friendly takeover deal.

Australian independent Horizon Oil has announced plans to build a large condensate production and gas reinjection project at its 100%-owned Stanley discovery in Papua New Guinea... 2008-10-27

Australian explorer Nido Petroleum and its joint venture (JV) partner Kairiki Energy have struck up to 134 metres (m) of oil with the Tindalo-1 well in Service Contract 54 (SC54)... 2008-10-23

US major ConocoPhillips kicked off third-quarter reporting by the major oil companies on October 22, reporting a 41% rise in quarterly earnings, exceeding analyst estimates.

Papua New Guinea (PNG) focused independent InterOil has announced that US investment bank Merrill Lynch no longer has first claim to any liquefied natural gas (LNG) produced by... 2008-10-22

Indian liquefied natural gas (LNG) importer Petronet has said it will expand capacity at its Dahej import terminal in Gujarat to 10mn tonnes per annum (tpa) by January 2009.