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New Kuwaiti firm set to run project
Kuwait plans to set up a separate company to run the $7-billion Project Kuwait to hike output from northern oilfields with the...
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Indonesia tells Unocal to speed up field work
Indonesia, struggling with declining gas output, has asked Unocal Corp to speed up development of the Gendalo field to boost...
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Chinese licence move ‘cosmetic’
China has allowed more independent players into the state-dominated oil import business to meet its global free-trade commitment, but the latest round of licencing is...
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Thailand approves purchase accord
The Thai government approved a new deal for Thai and Malaysian state firms to buy gas from an offshore block in their offshore joint development area after both firms...
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PGN is seeking partners to finance gas pipeline
Indonesian gas distributor PT Perusahaan Gas Negara Tbk (PGN) is seeking partners to finance a natural gas pipeline on...
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Opec lifts oil supply quota
Opec has lifted oil supply quotas by one million barrels per day, four per cent, in a renewed bid to force down stubbornly high world crude prices...