LNG

Singapore LNG cargo indices, including North Asia and Dubai-Kuwait-India shipments, dropped for deliveries through December to January in line with the oil market retreating in October by $10 per barrel to around $76 per barrel.

Australian LNG operator Santos and Singapore Petroleum Co. have received approval from the Indonesian authorities for the Sampang joint venture to proceed with the drilling of the offshore Paus Biru-1 exploration well in the Madura Strait.