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Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10 percent equity stake in a liquefied natural gas(LNG) production facility at Petronas' LNG complex in Bintulu, Sarawak.
By : Reuters l Reporting by KL Newsroom l Editing by Christian Schmollinger | May 25, 2017
China Says Will Eventually Allow Private Companies To Invest In Oil Storage
China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges on reforming heavily monopolized oil and gas industries.
By : Reuters Reporting by Meng Meng and Beijing Monitoring Desk l Editing by Joseph Radford | May 24, 2017
India Moving Beyond Oil As Seeks Alternatives to OPEC
OPEC production cuts and the prospect of more expensive oil are pushing India to consider U.S. and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country's petroleum and natural gas minister said on Monday.
By : By Reuters l Report by Dmitry Zhdannikov, Ernest Scheyder & Nidhi Verma l Additional reporting by Promit Mukherjee in MUMBAI l Wrting by Nidhi Verma and Ernest Scheyder l Editing by Edmund Blair and Alexander Smith | May 23, 2017
ExxonMobil Secures Qatari Condensate for Singapore Unit - Sources
Exxon Mobil Corp has outbid other Asian buyers of deodorised field condensate (DFC) in a tender floated by Qatar Petroleum, to secure supplies for a newly purchased refining-petrochemical complex in Singapore, sources with knowledge of the matter said on Thursday.
By : Reuters l Reporting by Florence Tan l Editing by Subhranshu Sahu | May 22, 2017
Puma Energy Asia Sun Aims to Distribute Petroleum in Myanmar
Puma Energy Asia Sun, a joint venture between Puma Energy and local firm Asia Sun Energy, is looking to move beyond storage services in Myanmar to include oil products distribution in the country, said a top executive.
By : Reuters l Report by Seng Li Peng & Yimou Lee l Editing by Christian Schmollinger | May 19, 2017
Guangzhou Gas Plans LNG Import Terminal, Eyes Partnership With Woodfibre
Guangzhou Gas Group plans to build a 2 million tonne per year import terminal for liquefied natural gas (LNG) on China's southern coast by 2020, possibly in partnership with Woodfibre LNG, an executive with the Chinese firm said.
By : Reuters l Reporting by Chen Aizhu l Editing by Tom Hogue | May 18, 2017
Malaysia's Petronas Chemicals Posts Higher Profit
Malaysia's Petronas Chemicals Group Berhad on Monday reported a doubling in quarterly profit, helped by higher prices and sales volume, but remained cautious about recovery in the petrochemicals market as crude prices remain volatile.
By : Reuters l Reporting by A. Ananthalakshmi l Editing by Stephen Coates and Miral Fahmy | May 17, 2017
Chevron Shuts First Gorgon LNG Export Plant Unit for Around a Month
Chevron Corp has shut the first production line at its giant Gorgon liquefied natural gas (LNG) export plant in Australia and expects the outage to last about a month in order to replace a faulty device, a spokesman said on Monday.
By : Reuters l Reporting by Oleg Vukmanovic l Editing by David Evans | May 16, 2017
Total, Inpex Propose Taking 39% Stake In Indonesia's Mahakam Block
Total E&P Indonesie, a unit of French major Total, and Japan's Inpex Corp propose taking a 39% stake in the new production sharing contract (PSC) for the Mahakam block.
By : Reuters Reporting by Wilda Asmarini l Writing by Gayatri Suroyo l Editing by Tom Hogue | May 15, 2017
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