As China closes in on the United States as the world's biggest crude oil importer, demand from private refiners and stockpiling of cheap oil is expected to keep imports at record levels after a wobble in the third quarter.
Primeline Energy has agreed with China National Offshore Oil Corp to extend the exploration period under the Petroleum Contract for Block 33/07 to facilitate Primeline's exploration drilling programme.
Austria's OMV has made a new gas discovery in the Latif South-1 exploration well in Pakistan.
Supertankers hauling crude to China are contending with increased waiting times to unload as some on-land storage depots reach capacity amid an oil-buying binge by the world’s most populous nation.
Two senior Chinese officials - one who led the country’s biggest oil company and the other a deputy party chief in populous Sichuan province - have been convicted of corruption and sentenced to 16 and 13 years in prison respectively.
Tethys Petroleum has called on investment group Olisol to publically correct what it calls inaccurate statements over its licence in Tajikistan.
China has nearly tripled the size of proven reserves at its Fuling project, by far the country's largest shale gas find, according to an official from investor Sinopec Corp and an industry report.
Offshore marine and engineering consultancy Aqualis Offshore has opened an office in Kuala Lumpur, Malaysia, as part of ongoing international expansion.
Asian unconventionals specialist Greka Drilling Limited has appointed Sean Mulhearn and Richard Day as non-executive directors.
Tethys Petroleum said it had acknowledged an offer by Olisol Investment Group earlier this month. The bid comes as the company continues ongoing negotiations with Nostrum Oil & Gas on the terms of a proposed offer. Earlier this month, Olisol had come forward to offer the company $8million by way of share subscriptions at $0.16 per common share.
Gazprom’s Alexander Medvedev, will seek to promote the competitive value of Russian gas to the key emerging energy markets of south east Asia, when he speaks at the Gastech conference in Singapore later this month.
Aker Solutions has been awarded a contract from Murphy to deliver the subsea production system for the Rotan deepwater natural gas development offshore Malaysia.
Tethys Petroleum has parted company with chief financial officer Denise Lay, who has been made redundant following her decision not to relocate from the Caspian-focused firm's former head office in Guernsey.
Central Asian-focused UK independent Roxi Petroleum has posted a first half pretax profit of $18.7m in 2015 thanks to the sale of the Galaz gas plant in Kazakhstan.
Indian integrated gas production company Great Eastern Energy has appointed Prashant Modi as managing director & chief executive.
Shale gas focused Greka Drilling has reported a pretax loss in the first half of 2015, but said its key markets in China and India were planning new drilling campaigns in the near future.
Russia's Lukoil has revealed it has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan.
Chinese authorities outlined corruption allegations against a senior Sinopec executive as they expelled him from the ruling Communist Party and handed his case to prosecutors.
Australian company Woodside Energy has awarded Norwegian engineering services firm Aibel a FEED contract for the subsea tie back to the Ngujima-Yin FPSO.
Petronet has announced Shri Prabhat Singh is taking over as the Indian LNG producer's new chief.
Xodus Group has been awarded two contracts with TengizChevrOil (TCO) for acoustic induced vibration fatigue assessments of its Tengiz complex in Kazakhstan.
Oil and Gas Development Company Limited has found "significant" hydrocarbon reserves via its Aradin 1 exploratory well in Pakistan. This is the 104th discovery and a significant landmark achieved by the company.