Oil fluctuates as traders assess Chinaโs vow, unrest in Libya
Oil fluctuated as China vowed to repair the economic damage caused by a spate of lockdowns, and crude supplies from Libya were disrupted.
Beijing
Russia and China strengthen ties with latest gas pipeline deal
Russia and China are strengthening their energy alliance after agreeing another long-term gas pipeline supply deal amid Moscowโs strained relationship with the West over Ukraine and European gas supply issues.
Beijing officially told Indonesia to stop Harbourโs drilling in South China Sea
China officially told the Indonesian government to stop appraisal drilling at Harbour Energyโs (LON:HBR) Tuna Block offshore Indonesia in maritime territory that both nations view as their own during a months-long standoff in the South China Sea, reported Reuters.
PTTEPโs drilling offshore Malaysia stokes Chinaโs ire
China has again been contesting Malaysian oil and gas activity in the South China Sea. This time Beijing has been targeting Thai state-backed upstream player PTT Exploration & Productionโs (BKK:PTTEP) upstream drilling operations offshore Sabah.
China still meddling at Harbourโs Tuna Block offshore Indonesia
Chinese law enforcement vessels remain active at Harbour Energyโs (LON:HBR) Tuna Block in the Natuna Sea within Indonesiaโs exclusive economic zone (EEZ), according to the latest analysis by Asia Maritime Transparency Initiative (AMTI). Their presence underscores Beijingโs assertion that it has territorial rights in this area of the South China Sea.
Jakarta beefs up defences in Natuna Sea after China meddles in Harbour Energy block
Jakarta is preparing to bolster its maritime security defences in the Natuna Sea, which is rich in fisheries and natural gas, after increasing incursions by Chinese vessels within Indonesiaโs exclusive economic zone (EEZ). The news should provide some comfort to upstream oil and gas investors operating in the Natuna Sea.
Indonesia sends navy to deter Chinese survey ship near Harbour Energy Tuna Block
Indonesia has sent a naval ship to tail a Chinese survey vessel that has been operating close to Harbour Energyโs Tuna Block in the Natuna Sea within Indonesiaโs exclusive economic zone (EEZ).
Philippines bets on Sampaguita as Forum prepares to drill in disputed waters of South China Sea
The government of the Philippines is eyeing a potentially large gas discovery as UK company Forum Energy prepares to drill in the disputed waters of the South China Sea. But geologists remain skeptical about the potential and any unilateral drilling will likely draw Beijingโs ire.
Beijing interferes with Natuna drilling offshore Indonesia in South China Sea
A Chinese ship has been meddling with Harbour Energyโs ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russiaโs state-backed Zarubezhneft and the incident underscores the fact that Moscowโs energy interests in the South China Sea are increasingly being threatened by China.
Chinaโs oil boomtown braces for crackdown from Beijing
The future of Chinaโs vast oil-refining industry may hinge on what government investigators find in the small seaside city of Panjin.
Chinaโs new green target still means pumping too much pollution
Chinaโs first road map to achieving net zero emissions by 2060 may be too slow to stop the worldโs biggest polluter from hastening global warming.
Chinese energy firms set to benefit from Myanmar turmoil
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
Myanmar faces energy crunch after military coup, needs more LNG
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Petronas to stoke Chinese fury as Transocean drills in South China Sea
Analysts are expecting a backlash from Beijing as Malaysian national oil company (NOC) Petronas prepares to drill in gas-rich Block SK 316 in the South China Sea off the eastern Malaysian state of Sarawak.
Beijing rattles oil companies in South China Sea off Vietnam
Beijing has increased pressure on Hanoi thereby derailing yet another upstream project in the South China Sea.