Asia

Asia

Aramco plans huge spending cut for 2021

13/08/2020

Saudi Arabia’s state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning, according to people familiar with the matter.

Asia

China oil giants cash in with pipeline deals worth $56bn

24/07/2020

China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors.

Asia

ExxonMobil eyes foothold in Vietnam LNG market

25/06/2020

ExxonMobil is exploring opportunities to invest in LNG-to-power projects in Vietnam as the country faces chronic electricity shortages and Hanoi welcomes US companies to fix a trade imbalance.