Industry Developments

Two Vietnamese companies have agreed a deal to explore for oil and gas offshore Myanmar, in a move which marks Vietnam's first entry into the Myanmarese upstream segment.

China National Offshore Oil Corporation (CNC) has begun building a second liquefied natural gas (LNG) terminal in Guangdong Province. China imported 3.87bn cubic metres (bcm) of... 2008-10-07

China National Offshore Oil Corporation (CNC) has announced an oil and gas discovery in Bohai Bay, its fourth find in the area in 2008.

Perth-based Woodside Petroleum, operator of the AUD20bn North West Shelf (NWS) liquefied natural gas (LNG) venture, has announced the start of production from its Angel gas field,... 2008-10-03

US-based Peabody has entered into an agreement with the government of Inner Mongolia to explore development opportunities for a coal mining and a downstream coal gasification facility... 2008-10-03

Papua New Guinea's (PNG) Prime Minister Sir Michael Somare has announced that the country will pay around PGK3bn (US$1.2bn) in cash for a 19.4% stake in the PNG liquefied natural... 2008-10-02

UK-based

State-owned companies Gazprom from Russia and South Korea's Kogas have signed a gas and chemical deal worth US$102bn.

Asia's biggest oil refiner China Petroleum & Chemical Corporation (Sinopec) and Australian group AED Oil have struck oil with the Puffin-11 exploration well at the Puffin oil... 2008-09-29

Japan's Inpex has decided to build its Ichthys liquefied natural gas (LNG) project near Darwin in Australia's Northern Territory.