AsianOil - Asia Oil & Gas
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Venezuela seeks to expand bilateral energy ties with India
The return of Venezuelan crude to Indian refineries may be one of the most significant shifts in global oil trade this year.
Oil India strikes gas in Andaman Basin
Oil India has reported a natural gas discovery at a third exploratory well in waters near the Andaman Islands in the Bay of Bengal, adding to increasing evidence that the frontier basin could emerge as a key new source of hydrocarbons for New Delhi.
Australia’s Elixir starts stimulation and testing phase at Lorelle-3H gas well
The Australia-listed company said the well, located in ATP2056, would first undergo a diagnostic fracture injection test at the toe end of the horizontal section to measure reservoir pressure in the Tinowon “Dunk” Sandstone.
Lakes Blue advances gas tests at Australia’s Wombat-5 well
The Australia-listed company said three gas-bearing zones had been confirmed across a roughly 1,500-metre horizontal section of the well.
Australia's Emperor Energy files new plan for appraisal well off Victoria
The recovery of significant gas at Judith would be a welcome boost for Australia’s east coast, which faces growing uncertainty over future gas supply, as a result of strong demand and falling production.
US forces disable Indian crewed tanker linked to Iran's shadow fleet
A US Navy fighter jet disabled an unladen oil tanker carrying 24 Indian nationals in the Gulf of Oman on June 8.
Pertamina raises Indonesian fuel prices by 32%
Indonesian state-owned energy supplier Pertamina Patra Niaga has declared a price hike for its Pertamax and Pertamax Green petroleum variants, effective June 10.
Singapore fuel oil stocks fall as bunker supply remains tight
Overall fuel oil imports fell by 344,000 barrels during May to 4.72mn barrels, while exports declined by a substantially larger 401,000 barrels to reach 2.08mn barrels.
India eyes deeper energy ties with Venezuela
India has already increased its purchases of Venezuelan crude with New Delhi the second-largest importer of Venezuelan oil in May.
US overtakes Gulf suppliers as India’s top LPG, LNG source in May
The United States became India’s largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) in May, overtaking traditional Gulf exporters.
Japan's K Line orders LNG-fuelled car carriers for Europe
K Line said using LNG as fuel was expected to reduce carbon dioxide emissions by 25-30% and cut sulphur oxide emissions by almost 100% compared with conventional heavy fuel oil.
Malaysia’s Petronas signs offshore oil recovery pact
Petronas has signed a memorandum of understanding with regional upstream operators and Universiti Teknologi Petronas to assess opportunities for improved and enhanced oil recovery across offshore acreage.
Eni, Petronas kick off Asian upstream JV
Eni and Petronas have launched Searah, a $20bn gas-focused venture in Indonesia and Malaysia.
New Zealand shortlists providers for planned LNG terminal
Energy Minister Simeon Brown said on June 9 that the government planned to move the two bidders to a request-for-proposal stage and select a preferred provider later this year.
Brazil courts Japan, India, South Korea for oil sales as Hormuz closure bites
Brazil's Foreign Ministry is coordinating the sale of Brazilian crude oil to Japan and other Asian nations reeling from the closure of the Strait of Hormuz, as the war between Iran, the US, and Israel reshapes global energy flows.
India raises household LPG price as fuel cost pressures continue
India has increased the price of domestic liquefied petroleum gas (LPG) by INR29 per cylinder, the second upward revision in less than three months.
Conrad Energy hires jack-up rig for the Mako gas field off Indonesia
Indonesia-focused Conrad Energy Asia has signed a binding contract for a jack-up drilling rig to develop the Mako gas field off the coast of the Asian country.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Gas Malaysia seals $737mn northern LNG mega-terminal with Tokyo Gas
Gas Malaysia Berhad (KLSE: GASMSIA) has finalised a landmark Joint Development Agreement (JDA) to construct an offshore liquefied natural gas (LNG) regasification terminal (RGT) in Yan, Kedah
UAE pledges deeper energy cooperation with Bangladesh
The United Arab Emirates (UAE) has reaffirmed its commitment to supporting Bangladesh’s energy sector, offering broad cooperation across fuel supplies, infrastructure development and emerging clean energy technologies.
Malaysian PM suggests Petronas has chance of securing access to major Turkmenistan gas field
Malaysian national energy company Petronas has the possibility of securing access to a gas field in Turkmenistan described as among the largest in the world, according to Prime Minister Anwar Ibrahim.
Putin allows TotalEnergies to offload 10% in Arctic LNG 2 project
Russia's independent gas producer Novatek (NVTK) has received special presidential approval for its subsidiary Nordline to acquire TotalEnergies' 10% stake in the Arctic LNG 2 project.
Venezuela's Rodríguez visits India to seal Caracas's oil comeback
Behind Delcy Rodríguez's New Delhi visit lies a bigger story: how Venezuela's resurgent oil exports fit into Washington's strategy to wean India off Russian crude.
India approves $1bn support package to shield airlines from fuel price volatility
India's cabinet has approved a one-time budgetary support package of up to INR100bn ($1.04bn) for oil marketing companies to help stabilise aviation turbine fuel prices for domestic airlines.
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