AsianOil - Asia Oil & Gas
GasHub completes LNG regas facility for Rolls-Royce in Singapore
Singapore-based GasHub has completed an LNG storage and regasification facility at Rolls-Royce’s Seletar Campus in the Asian country and begun supplying the site with LNG.
Pakistan’s energy pivot: Iranian oil today, renewables tomorrow
Renewables and nuclear power are expected to play a larger role in Pakistan’s electricity mix in the coming years, helping to limit exposure to global fuel price swings and geopolitical disruptions.
US revokes Iran oil waiver after tanker strikes in Strait of Hormuz
The US Treasury has revoked a licence allowing Iranian oil sales after three tankers were struck in the Strait of Hormuz, testing US-Iran peace talks and pushing Brent to two-week highs.
India plans to expand its strategic oil reserves
The world’s third-largest oil consumer and the most populous nation on the planet is preparing for greater volatility in energy markets after crude prices surged during the war before retreating once flows through Hormuz began recovering.
China’s Hengli opts against receiving 2mn barrels of West African crude as US sanctions take effect
The cancelled cargoes include crude already delivered to storage facilities in eastern China and shipments scheduled for July.
India's June fuel consumption falls
India's fuel consumption declined in June as demand for key petroleum products eased from the previous month, with liquefied petroleum gas (LPG) recording the sharpest annual drop.
Japan weighs naphtha stockpile
Japan is considering establishing a strategic stockpile of naphtha as heightened tensions in the Middle East raise concerns over supplies of the petrochemical feedstock used to manufacture a wide range of products.
Engro Vopak, S&P Global explore Pakistan's first refrigerated LPG import terminal
Engro Vopak Terminal Limited (EVTL) and S&P Global Energy plan to develop Pakistan's first refrigerated liquefied petroleum gas (LPG) import and storage terminal.
Cambodia fuel prices ease, but transport fares stay put
Cambodia has lowered retail fuel prices to near pre-conflict levels, but transport operators say passengers should not expect cheaper fares until fuel costs fall further.
Australia needs more support for gas supply and infrastructure, says industry lobby
Australian oil and gas industry group Australian Energy Producers has called for policies supporting new gas supply and infrastructure after the country’s electricity market operator forecast a greater need for flexible gas-fired generation.
Woodside takes ExxonMobil's place in Australia's Gippsland oil and gas basin
Australian oil and gas producer Woodside Energy has taken over as operator of the Gippsland Basin assets off Victoria from Esso Australia Resources, the Australian subsidiary of US energy major ExxonMobil.
Australia's Beetaloo reports good gas well tests at Carpentaria in Northern Territory
Testing of Carpentaria-5H began on June 11, with the well initially flowing at more than 14 TJ per day, before settling at an average of 7 TJ per day.
Brazil's Venture Offshore secures more work for rig offshore Indonesia with Italy's Eni
Brazilian deepwater drilling contractor Ventura Offshore has secured additional work worth about $25.1mn for its SSV Catarina semi-submersible rig offshore Indonesia.
Italy's Saipem scores $2bn FSRU contract offshore Indonesia
Italy’s Saipem has secured a contract worth around $2bn for its share of work on a new floating production, storage and offloading unit for the Kutei North Hub development offshore Indonesia.
China’s tepid demand, rising global supply could cloud Iran’s oil export revival
Iran could struggle to cash in on the temporary easing of US restrictions on its oil exports as weakening Chinese demand and rising global supply threaten to limit sales beyond its traditional customers, energy analysts said.
Iranian oil continued reaching customers despite sanctions, EIA data shows
Iranian crude and petroleum products continued to reach international markets despite years of US sanctions, with EIA data identifying at least 154 vessels involved in transporting Iranian cargoes recorded at 19 ports in four countries.
India withdraws emergency gas supply curbs as Strait of Hormuz LNG flows resume
India has rolled back most of its emergency natural gas supply regulations after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire in West Asia.
TotalEnergies divests stake in Malaysian oil and gas block to Japan's Inpex for $350mn
France’s TotalEnergies has agreed to sell its interest in Malaysia’s offshore Block 2E to Japan’s Inpex for $350mn, as it focuses its Malaysian portfolio on operated assets and larger growth opportunities.
Iran reportedly opens talks with Japanese crude oil buyers
Iran has begun discussions with Japanese companies on resuming crude oil exports under a temporary US sanctions waiver, although prospective buyers are seeking an extension of the waiver and assurances over shipping security.
Pakistan raises LNG prices by up to 16%
Pakistan has increased the notified prices of liquefied natural gas (LNG) by up to 16.17%, raising the cost of gas supplied through the country's two state-run distribution networks.
OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Thai oil focuses on refining amid energy transition challenges
Thai Oil PCL is banking on its core refining business and long-term energy strategy as investors weigh the company's future prospects amid an evolving regional energy market.
Mongolia expects progress on Russia-China gas pipeline at Vladivostok form in September
“I think there will be progress during this year’s Eastern Economic Forum in Vladivostok,” Ninj Demberel said, referring to the event scheduled for September 1–4.
Iran opens oil talks with Japan as US sanctions window ticks down
Iran is in preliminary talks with three Japanese companies on resuming crude sales for the first time since 2019, racing a 60-day US sanctions window that closes on August 21 amid mine risks and insurance hurdles in Hormuz.
Iran to charge Hormuz transit fees with "special considerations" for friendly states
Iran will charge service fees on ships transiting the Strait of Hormuz once its 60-day MoU with the US expires, its ambassador to China says, with Beijing and other friendly states promised special considerations.
Bangladesh scrambles for short-term LNG deals
Qatar’s supply crunch after Iran’s attacks on the Ras Laffan Complex mean that it will only be able deliver 20 of the 40 scheduled LNG cargoes to Bangladesh.
Iran can use sanctions relief to cut oil discounts, expand sales, analyst says
Iran has found a rare opportunity to expand crude oil sales, slash price discounts and revive competition among buyers after the United States temporarily eased sanctions under a post-war agreement, an Iranian energy analyst said.
Thailand's aviation sector faces persistently high jet fuel costs
Air travellers may face higher fares for longer as jet fuel prices are unlikely to fall quickly, according to the International Air Transport Association (IATA).
Thailand's Bangchak buys Hong Kong Caltex fuel network
Thailand’s Bangchak Corporation has entered Hong Kong’s fuel market with a $267mn acquisition of Chevron’s Caltex business.
Indonesia’s Aceh promotes Andaman gas downstream plans
Aceh in Indonesia is seeking to maximise the economic value of the large natural gas discovery in the offshore Andaman Block by pushing for the development of downstream industries within the province.
Vietnam advances $2bn Vung Ang LNG power plant
A consortium behind the Vung Ang III Liquefied Natural Gas (LNG) Power Plant is urging authorities in Ha Tinh Province to speed up land procedures to keep the $2bn project on track.
Russia turns to Indian gasoline imports as fuel shortages deepen after refinery attacks
Russia has begun importing gasoline by sea from India to ease fuel shortages caused by repeated Ukrainian drone strikes on its refining infrastructure.
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