AsianOil - Asia Oil & Gas
Jadestone hails strong result from second Malaysian well this year
Jadestone Energy has brought the second well in its 2026 drilling campaign at Malaysia’s East Belumut field online at 2,800 barrels per day, lifting field production by more than 150% alongside the programme’s first well.
Kyrgyzstan starts importing fuel from Belarus and China to cover lost Russian volumes
Kyrgyzstan has faced fallout from the Russia's fuel crisis as it typically relies on Russian fuel to cover up to 90% of its demand.
Indian oil importers cancel Iraqi shipments as US-Iran war re-escalates
Indian oil importers Indian Oil and Mangalore Refinery and Petrochemicals have cancelled planned Iraqi crude loadings as renewed attacks and heightened security risks further disrupt tanker traffic through the Strait of Hormuz.
Bangladesh’s second refinery is 16 years late, but is it still needed?
The disruption was not simply an international crisis. It was also the consequence of Bangladesh’s long failure to expand its refining capacity.
Vietnam oil and gas sector eyes clean energy expansion
Vietnam’s oil and gas industry is strengthening its role in the marine economy while accelerating its shift towards cleaner energy, even as ageing reserves and policy gaps pose growing challenges.
Reservoir Link Energy obtains 10-year energy commission licences in Malaysia
Announced via a Bursa Malaysia filing, Reservoir Link Energy Bhd (KLSE:RL) has secured two 10-year approvals from the Energy Commission under the Gas Supply Act.
Indonesia sets mandatory E10 bioethanol mandate for 2027
Replicating its successful palm-based biodiesel roadmap to build a parallel bio-gasoline ecosystem, the Indonesian government is preparing to roll out nationwide biofuel mandates
Mexican crude shipment reaches Japan for the first time since Iran war began
Japan’s Ministry of Economy, Trade and Industry said a tanker carrying 1mn barrels of Mexican Isthmus crude arrived in Japan on July 17, dropping off oil at Japan’s Yokkaichi and Chiba refineries in Mie and Chiba prefectures respectively.
China alters oil imports to cushion market spikes
China is flexing its oil storage capacity to absorb global market shocks as Middle East tensions drive energy prices higher.
Sri Lanka targets near phase-out of diesel power generation within two years
Sri Lanka's National System Operator Company (NSOC) plans to reduce diesel-fired electricity generation to just 0.5% of the country's total power mix over the next two years.
Australia's east coast to enjoy 350 mcm surplus in gas supply in Q4
The surplus could rise to 20 PJ if some uncontracted gas is retained domestically.
Vietnam's Petrovietnam sees first H1 growth in oil output in a decade
Vietnam’s state-owned Petrovietnam increased crude oil production by 14.2% year on year in the first half of this year, recording its first first-half growth since 2015 despite the natural decline of the country’s mature fields.
Indonesia formally breaks ground on Abadi LNG project, but the critical FID is still pending
Indonesia and Japan’s Inpex have formally broken ground on early works for the $20.9bn Abadi LNG project, marking tangible progress at the long-delayed development but not the start of full-scale construction.
China sees collapse in refining, oil import volumes in June amid Hormuz crisis
Beijing responded to Middle East supply disruption by slashing crude imports and curbing fuel exports.
Argentina's Vaca Muerta crude expands into Asian markets as US demand declines
Crude oil produced at Argentina's Vaca Muerta shale formation is reaching new markets in China and Southeast Asia as exports diversify away from the United States.
Pakistan to ramp up LNG spot purchases, anticipating longer disruption to Qatari supply
The government is finalising plans to buy at least one more cargo for delivery before the end of July and as many as six shipments in August.
India’s Venezuelan oil imports hold firm as refining capacity expands
Indian ports received 10.1mn barrels of Venezuelan crude in June, nearly unchanged from May's 10.2mn barrels and well above April's 8.3mn and March's 900,000 barrels. Another 7.7mn barrels are scheduled to arrive in July
China jacks up retail gasoline and diesel prices, passing Hormuz crisis costs to consumers
China raised its regulated retail price ceilings for gasoline and diesel from July 18, passing part of the recent increase in international crude prices on to domestic consumers.
Discount on Russia's Urals oil widened in first half of July but could shrink again as US-Iran conflict once more escalates
As the US-Iran conflict is now escalating once more, the discount could shrink during the remainder of this month and Urals could even regain its premium.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Indonesia breaks ground on $21bn Abadi Masela LNG megaproject
Unlocking one of the largest offshore gas reserves in the Asia-Pacific region, Indonesia has launched an upstream megaproject of the Abadi Masela LNG Block National Strategic Project.
China's 'impossible' gas price risks killing off Power of Siberia-2
China has effectively priced Russia's flagship Power of Siberia-2 gas pipeline out of existence, demanding a price for gas that analysts say would make the project uneconomic.
Africa's LNG ambitions gather pace amid record global trade, says IGU report
Africa is steadily carving out a more prominent role in the global LNG industry.
Tetragon Energy partners with Philippines-based DUG Technology for $1.45mn Sulu Sea block
A Western Australia-based energy explorer has activated its data engineering phase by launching a high-tech exploration programme to unlock major offshore oil and gas prospects in the Philippines
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