China's Cnooc plans to cut spending and reduce production as it grapples with the sub $30 oil environment in 2016.
Malaysia's Petronas plans to cut expenses by as much as $11.4billion over the next four years and defer some projects, according to reports.
Chinese President Xi Jinping is set to visit Saudi Arabia, Egypt and Iran later this month.
CNOOC (China National Offshore Oil Corporation) and (CGN) China General Nuclear Power Corporation have signed a strategic framework agreement on offshore oil and nuclear power.
Roxi Petroleum, the Kazakhstan-focused independent said it has improved its flow rates from its flagship Well 143, whilst still encountering blockages from its deeper wells.
China-focused gas producer Green Dragon reported a 36% increase in gross production for 2015 compared to the previous year.
Exxon has successfully started the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of oil per day and increasing production in coming months.
Ophir Energy has signed a heads of agreements for LNG offtake from the Fortuna FLNG project off Equatorial Guinea.
Oilex is continuing its workover of its Cambay field in India.
Lundin Petroleum has commenced drilling of the Imbok-1 exploration well in Blocks SB307 and SB308, offshore East Malaysia.
Petronet, India’s biggest gas importer, is in talks with Qatar’s RasGas to work out a new pricing formula for an existing 25-year contract.
An offshore oil platform has caught fire and had to be evacuated.
The China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with US explorer Husky for Block 15/33 in the South China Sea.
Kazak focused independent Roxi Petroleum revealed that two of its deep wells at the BNG prospect in Kazakhstan have been hit by blockages, making it hard to complete tests on its flagship asset.
One of the world’s leading manufacturers of high performance filtration and separation technology has secured spares orders worth $5million for Asia’s largest gasification projects.
China has sentenced eight ex-Sinopec employees and six government officials with up to five years in jail for their involvement in an oil pipeline explosion in the port city of Qingdao that killed 63 people in 2013.
China's Sinopec is offering its subsidiary refineries big incentives to export their diesel fuel, sources said, in a rare move that reflects the top Asian refiner's deepening concerns about a growing domestic glut.
India's reliance on foreign oil will jump from 80 percent to 90 percent by 2040 and it would lead global energy demand growth, the International Energy Agency said in a report on the world's third largest energy consumer released in New Delhi on Friday.
Saudi Aramco is looking for further investment opportunities in Indonesia's downstream refining and petrochemicals industry, the company's chief executive said today, after initiating a $5.5 billion project to upgrade the country's largest refinery.
Lundin has plugged and abandoned its Selada-1 exploration well in Malaysia after it proved to be dry.
Indepedent producer Kris Energy has received Singapore government approval to produce from the Rossukon oil discovery in the Gulf of Thailand.
Ophir Energy said it encountered oil after completing operations on a wildcat exploration well in the Gulf of Thailand, but it was below the threshold for economic viability.
Australian explorer Oilex has completed its latest workover of the Cambay-20 well in India according to plan.
BP has suspended operations at Chirag, one of its platforms in the Caspian Sea, for planned maintenance, the British oil company said today.
Australian explorer Oilex has completed the first well in its workover programme at the Cambay field in India and has begun work on the second well in the programme.