Industry Developments

Indonesia will see additional output of 24,250 barrels per day (b/d) in August, momentarily stemming the country's downward spiral of dwindling production and rising imports. The... 2006-07-21

Australian independent oil and gas company Santos on Monday said that it has reached an agreement for the AUD474mn acquisition of Delhi Petroleum. The deal will increase the Santos... 2006-07-20

A major deepwater gas discovery in the South China Sea could revive a hydrocarbons play that had been abandoned decades ago after shallower wells turned up dry, the Wall Street Journal... 2006-07-20

In an apparent setback for the Cairn Energy-operated Rajasthan oil project, India's state-controlled Oil & Natural Gas Corporation (ONGC) is said to have placed on hold plans... 2006-07-20

Chinese state-controlled energy group Sinopec saw crude oil output rise marginally by 3.07% and gas production jump by 20.42% in H106 as it continues international expansion efforts... 2006-07-20

China is planning to allow foreign oil companies a rare chance to carry out exploration activities in parts of the resource-rich Tarim Basin in the north-west of the country, according... 2006-07-18

State-owned Petronas's investment-led overseas diversification strategy continues to enjoy success. High oil and product prices drove profits (before tax) up 21.9% in FY2006, although... 2006-07-07

There are early signs that oil consumption in the Asia/Pacific region is recovering fast from price-induced setbacks, with a real risk that demand could surprise on the upside. The... 2006-07-06

Reports emerging from Iran indicate that Thailand's national energy group PTT has reached an agreement with Iran's Pars LNG for the export of an annual 3mn tonnes of liquefied natural... 2006-07-03

Malaysia's national oil and gas company Petronas said Thursday that its 2005/06 full year net profit surged 22.6% to a record level, thanks to higher oil prices. In the year to March... 2006-06-30