Industry Developments

China may be looking to adjust its energy strategy as the price of liquefied natural gas (LNG) increases and may even surpass the price of crude oil.

Origin Energy has reiterated its recommendation that its shareholders reject British oil and gas explorer BG Group's hostile AUD15.50 per share offer for the Sydney-based coalbed... 2008-08-19

Vietsovpetro has announced that it expects daily output at its Bach Ho field in Vietnam to fall by 6.3% to an average 148,000 barrels per day (b/d) in August-December.

Perth-based Carnarvon Petroleum has announced that its NSE-4 appraisal well in Thailand's Phetchabun Basin has struck a 35 metre (m) thick oil-bearing volcanic section on the... 2008-08-14

Following the announcement that Rosnedra, the federal subsoil agency within the Russian Natural Resources Ministry, has declined to award state-controlled Rosneft an extension... 2008-08-14

Japan's Mitsubishi Corporation has agreed to buy liquefied natural gas (LNG) from the world's first floating gas liquefaction plant - the Progress LNG plant, which will be situated... 2008-08-13

China National Offshore Oil Corporation (CNC) has announced a new oil and gas discovery in the Yellow River Mouth Sag of Bohai Bay.

Bolivia and Royal Dutch Shell have agreed on a compensation deal for the Anglo-Dutch company's share in the gas pipeline company Transredes.

US major Chevron has said it has secured about AUD1bn worth of funding to start preliminary work on the Gorgon liquefied natural gas (LNG) project.

Austria's OMV has obtained two new exploration blocks in south-western Pakistan, bringing its total number of licences in the country to eight.