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India's Top Refiner in Early Talks with Aramco for Downstream Project
India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast, that could help the OPEC member lock-in customers amid an oil supply glut.
By : Reuters Sonali Paul l Additonal Reporting by A. Ananthalakshmi and Emily Chow in KUALA LUMPUR l Writing by Nidhi Verma l Editing by Christian Schmollinger and Richard Pullin | May 11, 2017
Japan Reports Successful Gas Output Test from Methane Hydrate
Japan's trade ministry on Monday reported success in producing gas last week by extracting methane gas from methane hydrate deposits offshore Japan's central coast.
By : Reuters l Reporting by Osamu Tsukimori l Editing by Tom Hogue | May 09, 2017
India Aims To Cut Petroleum Imports As It Boosts Alternative Fuel Use
India is aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector, a government official said at an investor briefing on Monday.
By : Reuters l Reporting by Jessica Jaganathan l Editing by Christian Schmollinger | May 08, 2017
Sri Lanka's Oil Firm Workers Call Off Strike Over India Deal
Workers at Sri Lanka's state-run oil firm Ceylon Petroleum Corporation (CPC) called off a strike on Monday less than 24 hours in after the government agreed to consult them before signing an oil tank deal with India.
By : Reuters l Shihar Aneez l Additional reporting by Nidhi Verma in New Delhi l editing by David Clarke | May 05, 2017
BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
BP has agreed to sell its 50 percent stake in the Shanghai SECCO Petrochemical Company to a subsidiary of its joint venture partner Sinopec for $1.68 billion, the British oil major said.
By : Reuters l Reporting by Karolin Schaps l Editing by David Goodman | May 04, 2017
China Sets Deadline for Refiners to Apply for Oil Import Permits
China's top state planner will stop accepting new applications from oil refiners to use imported crude oil from May 5, it said on Thursday, amid growing concerns about domestic refining overcapacity that has led to record exports of fuel.
By : Reuters l Reporting by Meng Meng and Beijing Monitoring Desk; additional reporting by Chen Aizhu l Editing by Christian Schmollinger and Adrian Croft | May 03, 2017
Petronas Pitches $1B Offshore Gas Project Stake To Oil Firms
Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp, Thailand's PTT Exploration and Production and Japanese firms, sources familiar with the matter said.
By : Reuters l Reporting by Anshuman Daga and Gloystein Henning in SINGAPORE l Additional reporting by A. Ananthalakshmi in KUALA LUMPUR, Jessica Jaganathan in SINGAPORE, Satawasin Staporncharnchai in BANGKOK and Osamu Tsukimori in TOKYO l Editing by Muralikumar Anantharaman | April 26, 2017
Thailand To Auction Petroleum Concessions For Erawan, Bongkot Fields In Dec
Thailand will auction petroleum concessions for Erawan and Bongkot gas fields in December, the country's energy minister said on 31 March.
By : Reuters l Reporting by Pracha Hariraksapitak l Writing by Patpicha Tanakasempipat l Editing by Subhranshu Sahu | April 04, 2017
Petrochina 2016 Profit Sinks 78% On Lower Crude Prices
China's largest oil and gas producer, PetroChina, on Thursday reported a drop of 78 percent in 2016 annual net profit, to its lowest since at least 2011, as it was hit by lower prices for crude oil and natural gas.
By : Reuters l Reporting by Josephine Mason and Meng Meng; Editing by Tom Hogue | April 03, 2017
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