Industry Developments

Australian explorer Nido Petroleum and its joint venture (JV) partner Kairiki Energy have confirmed the discovery of an oil column at the Yakal-1 well in the Philippines' Palawan... 2008-09-25

Venezuelan President Hugo Chávez has signed a series of energy agreements with China on his fifth visit to the country since assuming office in 1999.

Chinese state-owned China National Petroleum Corporation (CNPC) and Russia's state-controlled Rosneft have agreed to form a joint venture (JV) to build a refinery in the northern... 2008-09-25

US major Chevron has proposed plans to expand the production capacity of its planned Wheatstone liquefied natural gas (LNG) plant in Western Australia to 25mn tonnes per annum (tpa)... 2008-09-24

The New Zealand government has awarded nine new onshore exploration permits in the Taranaki Basin following a bidding round that closed on May 30 2008. The majority of blocks were... 2008-09-23

The Papua New Guinea (PNG) parliament has passed nine amendments to the country's oil and gas legislation that clear the way for the Exxon Mobil-led liquefied natural gas (LNG) project... 2008-09-23

India's largest private conglomerate Reliance Industries has started producing crude oil at deepwater Block D6 in the Krishna Godavari (KG) Basin.

ExxonMobil has announced plans to spend US$450mn on oil and gas exploration at two blocks in West Sulawesi province. Indonesia has been trying to encourage investment in order to... 2008-09-18

India and Bangladesh began talks on September 15 over the demarcation of their controversial maritime border in the Bay of Bengal. Contention over the boundary between the two countries... 2008-09-17

BMI View: The phasing out of fuel subsidies will have a beneficial effect on Vietnam's fiscal and trade accounts, but is also evidence of the continued economic reform agenda advocated... 2008-09-17