AsianOil - Asia Oil & Gas
New Delhi and Washington’s ongoing claims and counter claims over Russian oil exports to India
Russia is still exporting oil to India. At least that is what New Delhi – and Moscow - claim. Half a world away meanwhile, Washington has repeatedly announced that New Delhi is on the cusp of a clean break.
Sabah secures offshore oil stake through SMJ Energy–Petronas deal
The Sabah state government has finalised another significant upstream oil and gas investment, with state-owned SMJ Energy Sdn Bhd acquiring a 20% non-operating interest in an offshore production-sharing contract (PSC) covering four oil fields
Russian ‘shadow fleet’ tankers cite Singapore to obscure oil buyers
Russian oil tankers operating within the so-called shadow fleet are increasingly declaring Singapore as their official destination, signalling a shift in export routes and renewed efforts by Moscow to hide end buyers amid Western sanctions
Vedanta Group calls for push in domestic oil and gas exploration to secure India’s energy independence
Vedanta Group chairman Anil Agarwal has urged India to accelerate domestic oil and gas exploration to reduce import dependence and strengthen energy security
US forces board Venezuelan-linked tanker in Indian Ocean enforcement operation
US military forces boarded the oil tanker Aquila II, a vessel linked to Venezuela, in the Indian Ocean during an operation announced on February 9 by the US defense secretary, according to the Department of Defense
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Exploring the Russia-India oil rupture
India’s imports of discounted Russian crude, which surged after the invasion of Ukraine, are now under pressure as Western sanctions enforcement and trade diplomacy complicate what was once a straightforward economic choice.
Japan’s Mitsui considers stake in Qatar’s North Field expansion
Japanese trading firm Mitsui is pondering purchasing a stake in QatarEnergy’s huge North Field expansion project.
Taiwan agrees to increase US LNG imports
Taiwan has confirmed it will increase US LNG imports to comprise about one-third of its imported supply of the super-chilled fuel in 2026.
Oman, Maldives strengthen fuel security through OQ Trading deal
The Omani energy-dealing branch of the OQ Group OQ Trading (OQT) on February 4 said it has granted a structured medium-term credit facility to the State Trading Organisation (STO) of the Maldives.
Aster Chemicals targets refining expansion in Singapore
Singapore-based Aster Chemicals and Energy expects to complete several major projects in the second half of this year aimed at expanding refining capacity and reducing feedstock costs, according to the company’s chief financial officer
QatarEnergy signs LNG supply deals with Petronas and Japan
Qatar’s state-owned energy company, QatarEnergy, has secured a series of long-term liquefied natural gas (LNG) agreements with Malaysia’s Petronas as well as key Japanese entities, reinforcing its role as a major supplier to Asia
India's Cairn expands recovery efforts in Rajasthan and steps up offshore exploration
Cairn Oil and Gas, part of the Vedanta Group, is accelerating production from its mature Rajasthan assets while expanding offshore exploration along India’s eastern and western coasts
Indian refiners not ordered to end Russian oil buys
Indian refiners have not received government orders to stop buying Russian crude and would need a wind-down period to fulfil existing contracts even if it came.
Indian refiners seek policy clarity after US signals halt to Russian oil purchases
Indian refiners are looking for direction from the government on future purchases of Russian crude after US President Donald Trump said that New Delhi would halt sourcing oil from Russia as part of efforts to secure lower US trade tariffs.
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