2018, March, 4, 10:40:00PETRONAS PROFIT UP BY 91%
PETRONAS - PETRONAS’ Profit After Tax (PAT) jumped by 91 per cent in 2017 at RM45.5 billion, compared to RM23.8 billion recorded in 2016. The increase was achieved on the back of higher revenue, lower net impairment on assets and well costs and continuous efforts to optimise costs in 2017.
2018, February, 27, 13:50:00U.S. - CHINA OIL RECORD
PLATTS - China's crude oil imports from the US hit a new record high at 2.01 million mt or 474,450 b/d in January, General Administration of Customs data showed Monday.
2018, February, 27, 13:40:00CHINA'S LNG IMPORTS UP BY 46%
EIA - China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government statistics. Chinese imports of LNG averaged 5 billion cubic feet per day (Bcf/d) in 2017, exceeded only by Japanese imports of 11 Bcf/d. Imports of LNG by China, driven by government policies designed to reduce air pollution, increased by 1.6 Bcf/d (46%) in 2017, with monthly imports reaching 7.8 Bcf/d in December.
2018, February, 27, 13:35:00RUSSIAN GAS FOR PAKISTAN
GAZPROM - The parties discussed the prospects for bilateral cooperation, including the potential for supplying LNG from the Gazprom Group’s portfolio to Pakistan, as well as collaborating in hydrocarbon exploration and production in the country.
2018, February, 27, 13:25:00U.S. - N.KOREA SANCTIONS
U.S. DT - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced the largest North Korea-related sanctions tranche to date, aimed at disrupting North Korean shipping and trading companies and vessels to further isolate the regime and advance the U.S. maximum pressure campaign.
2018, February, 14, 09:50:00SAUDIS OIL FOR JAPAN
PLATTS - Saudi Arabia's commitment to the OPEC-led production output cut deal was confirmed with reduced exports to key Asian outlets in 2017, but Japanese imports of Saudi crude jumped to the highest level in 35 years as the kingdom also maintained its flexibility to meet demand whenever there is a need. Japan's crude oil imports from Saudi Arabia rose 9.5% year on year to 1.295 million b/d in 2017, or 40.1% of total imports in the year, and the country's imports of Saudi crude in 2017 were the highest since 1982, according to the Ministry of Economy, Trade and Industry data.
2018, February, 12, 07:30:00U.S. LNG FOR CHINA
FT - The 25-year deal with China National Petroleum Corporation means Cheniere has pulled ahead in the race to develop a new wave of US LNG export projects to come on stream in the 2020s.
2018, February, 12, 07:15:00UAE - INDIA'S CONCESSION: $600 MLN
REUTERS - A consortium led by India’s Oil and Natural Gas Corp (ONGC) (ONGC.NS) has become the first group to win a stake in Abu Dhabi National Oil Co’s (ADNOC) 40-year offshore oil concession, a deal set to help the UAE expand its foothold in Asia.
2018, February, 9, 10:50:00INDIA NEED LNG
REUTERS - India’s push to more than double the share natural gas has in its energy mix to 15 percent by 2022 will require a huge increase in imports and the construction of more LNG terminals, a government official said on Wednesday.
2018, February, 9, 10:45:00INDONESIA NEED NUCLEAR
WNN - Indonesia needs to double its electricity generation capacity over the next ten years, and continue that expansion beyond 2050, to improve access to electricity and meet the demand of its growing economy and population, the London-based organisation said. At the same time Indonesia needs to tackle high levels of air pollution and deliver on the commitment made at the COP 21 climate change conference to reduce greenhouse gas emissions by 29% by 2030.
2018, February, 9, 10:40:00INDONESIA'S GDP UP TO 5.1%
IMF - The Indonesian economy has continued to perform well. Real GDP growth accelerated slightly to 5.1 percent in Q3:2017 from 5 percent in 2016 and H1:2017, led by robust exports and fixed investment.
2018, February, 7, 08:10:00CHINA: THE WORLD'S LARGEST
EIA - China surpassed the United States in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the United States. China had become the world’s largest net importer (imports minus exports) of total petroleum and other liquid fuels in 2013. New refinery capacity and strategic inventory stockpiling combined with declining domestic oil production were the major factors contributing to the recent increase in China’s crude oil imports.
2018, February, 7, 08:05:00RUSSIAN OIL TO CHINA UP
PLATTS - "We estimate that Russian crude inflows to China will likely grow by at least 11% in 2018. There will also be additional availability in the seaborne market, as PetroChina will take almost all its barrels through the doubled capacity pipelines," said Wang Zhuwei, senior analyst with S&P Global Platts China Oil Analytics.
2018, February, 7, 07:55:00INTEGRATED INDIAN OIL
PLATTS - "The integrated entity will have the capacity to neutralize the impact of volatility in global crude oil prices," said oil minister Dharmendra Pradhan. "The integrated entity will have the advantage of having enhanced capacity to bear higher risks and take higher investment decisions."
2018, February, 7, 07:50:00JAPAN'S LNG MAXIMUM
REUTERS - Japan’s imports of LNG rose to nearly 8.7 million tonnes last month, up 8 percent from December and the largest volume since at least January, 2013, according to ship tracking data on Thomson Reuters Eikon that stretches back five years.