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AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.
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Read a recent issue cover to cover (click the image below)
India approves Russian firms for marine insurance
According to India's Directorate General of Shipping’s website Sogaz Insurance, Alfastrakhovanie, VSK Insurance have been approved by the Government of India to provide marine insurance to oil tankers
Malaysia's looming energy dilemma of overdependence on imported gas threatens future sustainability
Malaysia stands at a critical juncture in its energy landscape, with Economy Minister Rafizi Ramli warning of dire consequences if the nation fails to expedite its transition towards sustainable energy sources
Malaysian PM Anwar Ibrahim clarifies fuel subsidy decision amid speculation
In response to recent speculation regarding the removal of fuel subsidies, Malaysian Prime Minister Anwar Ibrahim clarified that the Cabinet has made no final decision on the matter
Saudi Arabia raises prices for its oil for Asia
The national oil company of Saudi Arabia, Saudi Aramco, has increased the selling prices of its oil for Asian countries from June onwards.
Russian oil deliveries to North Korea break UN sanctions
The US has called for new sanctions on Russia, which has exceed United Nations Security Council (UNSC) sanctions limits on deliveries of oil to North Korea, Reuters reported on May 2.
Singapore's fuel oil reserves hit five-month lows amid supply shifts
Singapore's onshore fuel oil reserves dipped to their lowest levels in over five months in the week ending May 1, marking a second consecutive week of decline, according to data released on May 2
Trans Mountain pipeline expansion opens for business
The Trans Mountain pipeline expansion (TMX) started operating commercially on May 1. This was according to an announcement from the owner Trans Mountain Corp.
Thailand cancels B10 biodiesel, streamlines diesel options
Effective May 1, 2024, Thailand is simplifying its diesel fuel options by cancelling the B10 blend and standardising on two grades: B7 and B20
How well thought-out is a US ban on LNG exports to China?
In a recent analysis it was speculated that a recent understated move by the US Department of Energy could signify a significant shift in American policy regarding trade, energy, and its relationship with China.
Rising oil prices a plus and a minus for Malaysia all at the same time
In Malaysia, Lee Heng Guie, the executive director of the Socio-Economic Research Centre (SERC), has said that targeted fuel subsidies are likely to have a noticeable but manageable impact on headline inflation across the country.
ExxonMobil launches Banyu Urip Infill Clastic Project, aiming to boost Indonesia's oil production
ExxonMobil Cepu Limited has initiated drilling at the B-13 well on April 27, marking the commencement of the Banyu Urip Infill Clastic project in the Cepu Block, Bojonegoro, East Java
Chinese refiners enjoy greater discounts on Venezuelan oil after US sanctions return
Chinese refiners are enjoying reduced prices for Venezuelan oil following the reinstatement of US sanctions against the South American nation. Merey crude, commonly utilised for bitumen production, has recently been trading at a discount of $14 pb.
Iran's gas exports income down 45% in 2023, official data shows
Iran’s natural gas exports took a nosedive during the last Persian calendar year that came to an end on March 19, the latest figures released by the customs office show, amid efforts to strike new supply deals with neighbours.
Woodside shareholders reject company’s climate plan
Investors in Australia’s largest energy company, Woodside Energy Group, last week rejected the company’s plan to address the climate crisis, arguing that the plan drawn up by the board of directors does not do enough to reduce CO2 emissions.
China threatens to take ‘resolute’ measures against US sanctions on Iran oil trade
China on Monday, April 29, warned of “strong and resolute” countermeasures after the United States introduced new sanctions targeting its oil trade with Iran.
Extension of Madura strait oil and gas contract under review by upstream regulatory task force
The Upstream Oil and Gas Regulatory Task Force is currently awaiting a proposal for the extension of the Madura Strait contract, also known as the Madura Straits PSC, from the operator Husky-CNOOC Madura Limited
Malaysia’s Hibiscus Petroleum expands operations in Tok Bali, Kelantan
Oil and gas exploration and production company Hibiscus Petroleum Bhd, is capitalising on the economic growth in the Tok Bali area of Kelantan, leveraging it as one of its operational hubs
India's rising oil imports from Venezuela signal shifting dynamics
Based on data from the Indian Ministry of Commerce and Industry, India's oil purchases from Venezuela have surged past $400mn in the early months of 2024.
India once more accepting oil from Sovcomflot tankers
India appears to be once more accepting Sovcomflot tankers carrying Russian fuels, after halting shipments earlier this year because of US sanctions on the Russian state-owned shipowner.
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