AsianOil - Asia Oil & Gas

22 September 2023

Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project

21 September 2023

In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.

Indian oil firms seek solution for stranded dividend income purchases

21 September 2023

India’s public sector oil companies are keen to pursue any and all options to utilise their frozen dividend income sitting idle in Russian bank accounts.

Chinese crude imports point to economic recovery even if doubts remain

21 September 2023

China's persistent surge in crude imports throughout the year has left oil markets more puzzled than optimistic reports in Asia suggest.

Pakistan's Sui Gas closes hundreds of illegal connections

21 September 2023

Beset as it is with an economic crisis that has placed an enormous strain on energy supply within Pakistan, Sui Northern Gas Pipelines Ltd (SNGPL) has recently moved to seek out and close illegal gas connections throughout its region of distribution.

Petronas starts gas supply to new Bintulu methane plant

21 September 2023

Petronas said in a statement the Bintulu Additional Gas Facility (BAGSF-2) had commenced deliveries, thus contributing to the further growth of the petrochemical industry of Sarawak.

Indonesia takes step forward for floating LNG vessel off Madura

20 September 2023

Indonesia has moved a step closer to deploying a floating LNG vessel off Madura Island with the announcement on September 13 that Malaysian oil services firm Bumi Armada has signed a non-binding agreement with Davenergy Mulia Perkasa (DMP).

Indonesia discovers massive oil potential in Warim, Papua

20 September 2023

Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment of Indonesia has said that the Indonesian government has identified a substantial oil find of approximately 27bn barrels in Warim, Papua.

Global diesel shortage pushes prices over $1,000 per tonne

19 September 2023

Oil refineries worldwide are grappling with challenges in meeting the demand for diesel, a crucial fuel that powers various sectors of the global economy, Bloomberg reported on September 19.

Clock is ticking for Russia to clinch gas supply deal with China

19 September 2023

The clock is ticking for Russia to reach a contract with China for natural gas supply via the planned Power of Siberia 2 pipeline, but while Moscow claims negotiations are progressing, Beijing has been mute on the subject.

Cambodia's oil and gas imports decline even as demand is forecast to increase

19 September 2023

Cambodia has witnessed a decline in its intake of oil and gas products, with figures reaching $2.28bn during the January to August period this year.

Russia clears use of non-reinforced oil tankers in Arctic in bid to ensure exports stay high

18 September 2023

Russia has permitted unreinforced oil tankers to travel through the Northern Sea Route in the Arctic – a route the country has had to rely increasingly on to export its oil, natural gas and other natural resources in the face of Western sanctions.