AsianOil - Asia Oil & Gas

Bumi Armada, MISC consider merger of floating production businesses

Malaysia’s Bumi Armada is exploring a potential merger with the offshore division of MISC Berhad, a leading provider of offshore floating and energy-related maritime services.

Hanwha to take full control of Singapore's Dyna-Mac

South Korean industry group Hanwha announced on November 20 that it intends to exercise its right to purchase all outstanding shares in Singaporean offshore oil and gas vessel specialist Dyna-Mac.

Trio come together to develop Thailand-based bio-LNG project

BBGI Public Company Limited (BBGI) has announced a partnership with Keppel Ltd, through its infrastructure division, and CleanEdge Resources Limited (CleanEdge) to jointly develop a Bio-LNG (liquefied biomethane) project in Thailand.

ENEOS looks at flexible crude purchases with a focus on being 'overwhelmingly' active in the spot market

ENEOS Holdings, Japan’s largest oil refiner, is pursuing a highly flexible approach to crude oil procurement, with a particular emphasis on spot purchases.

Sarawak’s political party unlikely to cut ties with government over oil and gas dispute

Gabungan Parti Sarawak (GPS) is expected to maintain its alliance with Malaysia’s unity government despite ongoing tensions over Sarawak’s oil and gas rights, analysts suggest.

SK Gas and KNOC launch LNG terminal in South Korea

Korea National Oil Company and its joint venture partner SK Gas have launched an LNG and oil terminal in Ulsan.

Swiss trading house Trafigura reportedly on hunt for $500mn in Mongolia following mass fuel fraud scheme

Gas volumes delivered to China via Central Asia pipeline cross 500bn cubic metre milestone

Japanese refiners blitz Asian competitors in first half profitability

While Japanese oil refiners saw net income decline in the first half of the current fiscal year, strong domestic margins help them maintain a level of profitability, overall outperforming South Korean rivals on the back of weak overseas markets.

Organix Energy, O.Creeds to develop waste-to-renewable natural gas projects in Bangladesh

Canadian renewable energy firm Organix Energy and Dhaka-based consultancy O.Creeds have signed a memorandum of understanding (MoU) to develop waste-to-renewable natural gas (RNG) projects in Bangladesh.

New Delhi unlikely to scale back purchases of Russian crude, says report

New Delhi is unlikely to scale back its purchases of Russian crude, even under a potential new Donald Trump administration, though it may consider expanding term import contracts and storage collaborations with the US.

GAIL inks long-term deal to purchase LNG from ADNOC Gas

Indian state-run energy firm GAIL has agreed to a 10-year sales and purchase agreement with the United Arab Emirates’ ADNOC Gas for the delivery of 0.52mn tonnes per year of LNG.

Japan’s volume of LNG handled rises 1% in fiscal year

Japanese companies have increased by 1% the volume of LNG handled in the fiscal 2023/24 year on the back of rising external trade.

Empire secures environmental okay from Northern Territory for Carpentaria Pilot Project

The Empire Energy Group has received approval from Australia’s Northern Territory government for the company’s environmental plan regarding development of the unconventional gas resources in the Beetaloo Basin.

Indonesia eyes alternative investor for Tuban refinery amid Rosneft uncertainty

Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, signalled the possibility of engaging a new investor for the Tuban Grass Root Refinery (GRR) project if Russia's Rosneft Oil Company fails to affirm its commitment

PPL announces gas discovery in Pakistan's Sindh

Pakistan Petroleum Ltd (PPL) has announced a significant gas and condensate discovery in the Shah Bandar Block, located in Sujawal, Sindh.

India to drive 25% of global energy demand growth, says minister

India is projected to account for 25% of the global increase in energy consumption over the next two decades, Petroleum Minister Hardeep Singh Puri stated on November 15 at an industry event.

AsianOil: India defends Russian oil purchases

Bangladesh’s spot LNG purchases rise on power demand

Spot LNG imports to Bangladesh have surged within just three months of the interim administration led by Muhammad Yunus.

Uzma secures five-year contract with Petronas for well continuity services across Malaysia

Uzma Bhd has been appointed as a panel contractor by Malaysia’s national oil company, Petroliam Nasional Bhd (Petronas), to deliver integrated well continuity services throughout Malaysia

Valeura restructures Thai oil business

Canadian oil and gas producer Valeura Energy, operating in Thailand and Turkey, has completed the internal restructuring of its Thai business.

Empire to spud shale gas well in Australia's Beetaloo this month

ASX-listed developer Empire Energy is preparing to start drilling the Carpentaria-5H well targeting shale gas at the onshore Beetaloo basin in Australia.

Reliance Industries to invest $7.7bn in bio-CNG projects in India's Andhra Pradesh

Mumbai-based Reliance Industries Ltd (RIL) is likely to invest INR650bn ($7.7bn) to establish 500 compressed biogas (CBG) or bio-CNG plants in Andhra Pradesh over the next five years.

Empyrean in talks for oil exploration in Australia's Cooper basin

London-listed Empyrean Energy is in talks to search for oil in Australia’s Cooper Basin.

India aims to be an oil refining hub, minister says

India is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, India’s Petroleum and Natural Gas Minister Hardeep Singh Puri said.

India defends Russian oil purchases

India has defended its significant scale-up in purchases of Russian oil over the past two years, with Oil Minister Hardeep Singh Puri stating on November 9 that global oil prices “would have hit the roof” if it had rejected Russia’s supplies.