Reuters reported that The Hague will make a ruling soon with regards to the disputed South China Sea region involving China and multiple Southeast Asian countries including Malaysia. Apparently the arbitration court hearing the dispute between China and the Philippines will deliver its decision on July 12th. The thing is, China has never been part … More The South China Sea mess
Apparently TS James Masing, the Deputy Chief Minister of Sarawak, is confident that Sarawak companies can takeover whatever Petronas is doing in Sarawak. TS Masing was more or less saying that Sarawak has lots of reserves, of which Petronas is not doing anything with it, so they were going to mine it themselves. Not to … More Decentralising Oil&Gas
Two days ago the Brits voted to leave EU with a 4% majority. Well, actually it is England and Wales, really, as Ireland and Scotland seemed to overwhelmingly wanted to remain in EU. I haven’t thought much about it since it had nothing to do with me, but I couldn’t help reading up on it … More Brexit: what do the experts say?
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years. Source : Bloomberg The oil price crises of the recent months had been the background for India’s rising demand for oil while … More Russia – China – India
Bloomberg reported that we are going to get a balanced market by 2017 where production will match consumption and this is thanks to turmoil in oil producing nations as opposed to actual cut in production. World oil production in 2017 will very nearly match consumption, ending several years of oversupply, the Paris-based IEA forecast … More O&G balancing?
This week the O&G industry sees crude oil prices rising closer to the USD50 mark a barrel with WTI crude at USD48.62 and Brent crude at USD49.64 as of June 5th. With the current upward trend, it is not too reaching to speculate that crude prices may possibly touch USD60 and beyond by end of … More Being irrelevant