AsianOil - Asia Oil & Gas

Chevron nears deal to divest Singapore assets

Chevron is aiming to finalise the sale of its oil refining, storage, and retail marketing assets in Singapore in the first quarter, as the US major presses ahead with a broader effort to streamline its downstream portfolio in Asia.

Woodside shares rise on record output and strong revenues

Woodside reported record 2025 production and stronger-than-expected fourth-quarter revenue, lifting its shares, but flagged lower output in 2026 due to planned maintenance and project timing.

US control of Venezuela oil risks debt clash with China

American oversight of Venezuelan petroleum exports has trapped oil cargoes that Beijing was using to service debt, potentially creating a superpower confrontation that could complicate the South American nation's path out of default.

ADNOC leases out Singapore fuel oil storage for first time

The global trading arm of Abu Dhabi National Oil Company (ADNOC) has leased fuel oil storage capacity in Singapore for the first time, in a move aimed at expanding its trading activity and strengthening its presence in Asian markets.

Inpex works on faster development of Indonesia's Abadi LNG project

Japan’s Inpex is working to bring forward the development of its Abadi LNG project in Indonesia after Jakarta asked the company to speed up the long-delayed scheme to help meet rapidly rising domestic gas demand.

Australian, Timor-Leste leaders call for faster development of Greater Sunrise gas field

Australian Prime Minister Anthony Albanese and Timor-Leste Prime Minister Xanana Gusmao said on January 28 they want the long-delayed Greater Sunrise gas project to move ahead as quickly as possible.

Japan’s Mitsui exits Oman energy blocks in $148mn divestment

Oman’s terrestrial energy sector is seeing a change in partnership as Japan’s Mitsui & Co. concludes its involvement in three local hydrocarbon concessions.

India and Canada relaunch ministerial energy dialogue

India and Canada have agreed to deepen cooperation across conventional and clean energy sectors, relaunching the India-Canada Ministerial Energy Dialogue on the sidelines of India Energy Week 2026

US gas price surge sends ripples across global LNG market

It highlights how weather events in North America now ripple quickly through global gas and LNG markets.

As India’s union budget approaches, global and domestic pressures weigh heavily

Higher budgetary support for exploration and strategic reserves could offset some of the risks linked to volatile global oil prices and shifting trade alignments

Oroi Village officially recognised as a beneficiary of the Papua LNG pipeline project

Oroi village, situated in Ward 8 of Nara South in Kairuku District, has been formally acknowledged as a beneficiary community of the upcoming Papua LNG project because of its proximity to the planned gas pipeline

Oman, South Korea partner on $940mn energy project

Vietnam moves towards increased LNG use

Vietnam is doubling down on its quest to expand LNG use, with Hanoi reportedly preparing to loosen state power-purchasing rules in a renewed attempt to revive stalled investment in LNG-fired generation.

India’s LNG buyers stall long-term deals as they press for lower prices

India’s liquefied natural gas buyers are delaying the finalisation of multi-decade supply agreements as they seek cheaper pricing and more flexible terms, betting that a looming surge in global supply will strengthen their negotiating position

Cambodia halts approval of new petrol stations amid safety review

The Ministry of Mines and Energy (MME) will temporarily suspend applications for new oil and gas stations from March 1 to July 31, 2026, a move aimed at enhancing public safety and establishing stricter standards for industry expansion

US-Iran tensions threaten China's billions in Iranian infrastructure investments

US-Iran tensions threaten China's billions in Iranian infrastructure as potential regime change could disrupt Beijing's Belt and Road Initiative and energy security strategy.

US control of Venezuela oil risks debt clash with China

American oversight of Venezuelan petroleum exports has trapped oil cargoes Beijing was using to service debt, potentially creating a superpower confrontation that could complicate the South American nation's path out of default

Egypt exports new LNG cargo to Turkey under Shell contract

Egypt has exported a new shipment of liquefied natural gas (LNG) for global energy major Shell (NYSE: SHEL), loaded from the Idku LNG complex on the Mediterranean coast

Yemen Houthi threaten to resume Red Sea shipping attacks as US-Iran tensions escalate

Yemen's Houthi forces warn of resumed Red Sea shipping attacks through video message as US-Iran tensions escalate, threatening vital maritime trade route after period of relative calm.

Santos gas finally on its way to Japan

Santos said the inaugural shipment from the offshore Barossa field in the Timor Sea has arrived at the Darwin LNG plant and is being readied for export to Japan’s Sakai terminal near Osaka.

Japan’s LNG imports in 2025: a subdued year amid broader market shifts

According to provisional customs data released by the Japanese Ministry of Finance on January 22, LNG imports fell 1.4% to 64.98mn tonnes in 2025, compared with 2024.

Indonesia records a diesel surplus as biodiesel output and refinery capacity rise

Indonesia is experiencing a surplus of approximately 1.4bn litres of subsidised low-grade diesel fuel, marketed domestically under the Solar brand, according to Energy and Mineral Resources Minister Bahlil Lahadalia

ADNOC looks to expedite start-up of Ruwais LNG

ADNOC Gas expedites its Ruwais LNG project to double capacity, cementing a strategic supply agreement with India to bolster exports to key Asian markets

US controls Venezuelan oil pricing to China after Maduro's removal

The United States is permitting China to purchase Venezuelan petroleum but insists on higher prices than Beijing paid under former president Nicolás Maduro's administration, a US official stated on January 22, the South China Morning Post reported.

SOCAR to finalise Pakistan energy investment next month after Davos talks

Azerbaijan’s state energy company SOCAR is expected to finalise an investment in Pakistan’s oil and gas sector next month following high-level engagements held on the sidelines of the World Economic Forum in Davos

Cambodia’s spending on imported fuel down 9.6% in 2025

Cambodia spent a total of $2.43bn on diesel, gasoline, and combustion gas imports in 2025, marking a 9.6% decrease compared with the previous year

Mitsubishi to enter US' Haynesville shale with Aethon acquisition

Mitsubishi is buying US shale gas assets from Aethon Energy Management for $5.2bn

Chevron set to finalise sale of Singapore refining and fuel assets in early 2026

Chevron plans to complete the sale of its oil refining and downstream assets in Singapore in the first quarter of the year, following final-stage negotiations with Japan’s Eneos and global commodities trader Glencore

India's Reliance to resume sanctions-compliant Russian crude imports in February and March

India’s Reliance Industries(NSE: RELIANCE), operator of the world’s largest refining complex, is set to resume imports of sanctions-compliant Russian crude in February and March following a one-month hiatus

Chinese refineries face end of ultra-cheap Venezuelan crude era

Istanbul-listed Aygaz to acquire LPG vessel from Korea’s Hyundai Samho for $119mn

Turkey’s Aygaz (AYGAZ) has signed a shipbuilding contract with South Korea’s HD Hyundai Samho for the construction of a liquefied petroleum gas (LPG) transportation vessel, Aygaz said on January 15.

Murphy Oil may have made Southeast Asia's largest oil discovery in two decades: WoodMac

Murphy Oil confirmed a major oil discovery offshore Vietnam earlier this month, with appraisal results indicating that the Hai Su Vang find could rank as the largest oil discovery in Southeast Asia in the past two decades.

India, UAE strike LNG deal

India and the UAE have agreed to work towards doubling bilateral trade to $200bn by 2032, as New Delhi steps up efforts to diversify its economic partnerships amid pressure on exports to the US.

Australia's Roma North gas pipeline gets transmission classification

Australia’s federal energy regulator has issued a draft decision proposing to classify the Roma North Gas Pipeline as a transmission pipeline.

Philippines reports first gas discovery in over a decade

The Philippines has announced its first gas discovery in more than a decade near the Malampaya field, offering a potential boost to energy security as domestic supply tightens and LNG imports rise.

3D Energy strikes gas in Australia's offshore Otway basin

Australia-focused explorer 3D Energy has discovered gas at its Charlemont-1 exploration well in the offshore Otway Basin.

Reservoir link wins multi-year service contracts from Roc Oil Sarawak

Reservoir Link Energy Bhd has secured a series of work orders from Roc Oil (Sarawak) Sdn Bhd covering the period from 2025 to 2029