Industry Developments

Australia's growing liquefied natural gas (LNG) industry has urged the government to create a new category for the sector that will offer LNG exporters compensation during the first... 2008-09-16

New Zealand's government may launch a new licensing round covering the Raukumara Basin off the North Island's east coast before the end of this year, according to a report in Bloomberg.... 2008-09-15

The Indian government is considering imposing a windfall tax on companies that have discovered oil in the country, according to a report in the Economic Times.

Anglo-Dutch major Royal Dutch Shell and Australian coal bed methane (CBM) explorer Arrow Energy have confirmed an AUD776mn (US$741mn) deal that will see Shell take a 30% stake in... 2008-09-12

State-controlled Myanmar Oil and Gas Enterprise (MOGE) and Russia's Nobel Oil have signed a production sharing agreement (PSA) for the joint exploration of two onshore blocks... 2008-09-11

Britain's BG Group could launch a bid for Australian oil and gas producer Santos, according to a report in Reuters. Fresh from conceding defeat in its protracted attempt at a hostile... 2008-09-10

PetroChina has agreed with its parent company China National Petroleum Corporation (CNPC) to buy a 50% stake in CNPC Exploration & Development in a deal worth US$11.8bn,... 2008-08-26

Following an announcement on August 21 that China Petroleum & Chemical Corporation (Sinopec) has suspended gasoline and diesel imports, the company has announced that it is... 2008-08-22

Australian gas producer Santos has announced that it is moving into the electricity generation sector, with a proposal to build a new AUD800mn gas-fired power station in Victoria.... 2008-08-21

China Petroleum & Chemical Corporation (Sinopec) has suspended gasoline and diesel imports in a move that reflects China's declining demand for imported oil products following... 2008-08-21