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Repsol stops Ca Rong Do development, Chinese NOCs jack up gas spend: Asia-Pacific upstream month in brief

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Report summary

Repsol being forced to halt development of Ca Rong Do and Chinese NOCs gas project sanctions lead Asia-Pacific upstream in March. Surging gas demand on the back of Beijing's push for coal-to gas switching have led to Chinese NOCs prioritising gas projects. The Chinese NOCs are also increasing dividends. In Malaysia, Mubadala sanctioned the Pegaga gas development. In New Zealand, OMV took over Shell's assets, making the country a core area for OMV in the region.

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    Repsol stops Ca Rong Do development, Chinese NOCs jack up gas spend: Asia-Pacific upstream month in brief

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Table of contents

  • The path ahead for Thailand's expiring licenses
  • Lead stories
  • Corporate and M&A
  • Exploration and licensing
  • Development and production
  • Ask the analyst

Tables and charts

This report includes 4 images and tables including:

Images

  • Operated blocks within the disputed waters
  • China needs to ramp up domestic production to fill the demand gap
  • Pegaga field and existing infrastructure
  • Ashima Taneja

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