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Kansai region a battleground

Retail power and gas heavyweights Kansai Electric Power and Osaka Gas are locked in a struggle for dominance in the Kansai region, whose economy is nearly the size of South Korea’s and includes Osaka, the second-biggest city in Japan.After the Fukushima nuclear disaster, the country’s power monopoly system - in place for nearly 70 years - was partially dismantled in 2016, followed by the liberalisation of the retail gas market a year later.Hundreds of new power sellers soon arrived on the scene...

Pertamina to cut asset risks as rupiah slides

Indonesia’s Pertamina is seeking government approval to divest assets to help shield the state...

US oil lobbies against sanctions on Russia

The US oil and gas industry is lobbying against tighter sanctions on Russia that could impact US...

Energy giants opening natural gas spigots, fuelling profit rise

The world’s largest oil companies are pumping more natural gas than ever before, helping to spur a...

Rosneft admits shortcomings

A decision to fund the purchase of a stake in Russian oil major Rosneft via loans from European...

Schlumberger eyes recovery

Schlumberger said a recovery in international oil markets was under way, forecasting double digit...



Oman set to develop Mabrouk gas field

Petroleum Development Oman (PDO) has completed the appraisal of the Mabrouk gas field, but is waiting for approval from the sultanate’s Ministry of Oil and Gas before pushing ahead with development amid a surplus of gas supplies.PDO’s conservative estimates of the field in the Gharif formation in northern Oman put gas reserves at 4.4 trillion cubic feet (tcf), along with 110 million barrels of condensates, managing director Raoul Restucci said.This could easily be ramped up to 15 mmcfd of gas...

In Brief

KBR to develop part of COTCHOUSTON: Saudi Aramco and the Saudi Basic Industries Corp (Sabic), who...




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