AsianOil - Asia Oil & Gas
Vietnam’s demand boosts prospects for US ethanol exports
Vietnam is emerging as an increasingly important destination for US ethanol, driven by stronger biofuel policies and rising fuel consumption.
China slams new US bill targeting buyers of Russian oil and gas
China has condemned a revised US sanctions bill that would authorise tariffs against leading buyers of Russian oil and natural gas, including China.
China reportedly demands steep discount on Russia's Power of Siberia 2 gas
Chinese officials delivered the demand to a Gazprom delegation that travelled to Beijing ahead of Russian President Vladimir Putin’s May visit.
Russia approves agreement with India to develop the Northern Sea Route
Russia has authorised state nuclear corporation Rosatom to sign an agreement with India aimed at expanding cargo shipments along the Northern Sea Route.
Sri Lanka seeks bids from Russian crude from Rosneft and Zarubezhneft
Sri Lanka’s state-run Ceylon Petroleum Corp. has registered Russia’s Rosneft and Zarubezhneft as crude suppliers, allowing them to bid for contracts serving the country’s sole refinery.
Aberdeen-based oil service provider Unity scores first major Asia-Pacific contract
The companies will deploy Unity’s proprietary surface intervention system for an unnamed international offshore operator.
Malaysia's Velesto scraps $63mn sale of jack-up rig to Indonesia Drilling after deadline passes
Malaysia’s Velesto Energy has terminated the planned $63mn sale of its NAGA 3 jack-up rig to Indonesia’s PT Indonesia Drilling Energy after the transaction failed to close by the agreed deadline.
Australia's Tetragon dishes out $1.5mn contract to DUG for reprocessing seismic at two offshore Philippine oil blocks
Newly-listed Australian oil explorer Tetragon Energy has awarded DUG Technology a $1.45mn contract to reprocess seismic data across two offshore Philippine blocks.
India's ONGC approves 12.8mn-barrel strategic petroleum reserve
India’s ONGC has approved in principle a 12.8mn barrel strategic petroleum reserve at Mangalore, seeking to strengthen the country’s emergency crude stocks following disruption to supplies through the Strait of Hormuz.
Sunda Energy seeks permit to gas discovery off New Zealand
London-listed operator Sunda Energy has applied for an exploration permit covering the undeveloped Awakino gas-condensate discovery offshore New Zealand.
Chevron seeks approvals for surveys to support LNG production at Gorgon in Australia
The surveys will support engineering work for the fields’ future development as part of Gorgon’s wider backfill programme.
Malaysia's Petronas strikes small-scale LNG deal with Japan's Shizuoka Gas
Malaysia’s Petronas has agreed to supply Japan’s Shizuoka Gas with approximately 0.84mn tonnes of LNG over seven years from fiscal 2032.
Malaysia defends fuel subsidy programme amid fiscal reform criticism
Malaysia’s Prime Minister has declared a welfare milestone, defending the state's multi-billion-ringgit safety net against intense parliamentary pushback over fiscal restructuring
Singapore, Japan sign bilateral pact to tighten energy anti-monopoly rules
Responding to fuel import vulnerabilities and the growth of data centres across Asia, energy watchdogs from Singapore and Japan have locked in a regulatory alliance.
Vietnam assures full traceability of E10 petrol to boost consumer confidence
Vietnam has assured motorists that every batch of E10 petrol can be tracked throughout the supply chain, as officials seek to strengthen public confidence following the nationwide introduction of the biofuel.
Tajikistan teams up with China to launch fresh attempts to find hydrocarbons
Authorities in Tajikistan are preparing to once more launch attempts to find domestic hydrocarbon supplies, with the country’s fuel reserves down to the equivalent of two months’ supply amid Ukrainian drone attacks on Russian refineries.
Tankers stack up off Fujairah as Hormuz becomes contested chokepoint
Ship-tracking data shows tankers clustering at anchorages off Fujairah, Khor Fakkan and Sohar rather than transiting the Strait of Hormuz, as a US cargo levy, Iranian tolls and mining claims turn the waterway into a contested chokepoint.
Noble Corporation locks in $136mn Brunei drillship deal
Signaling a multi-year capital commitment to deepwater oil and gas exploration across Southeast Asia, offshore drilling titan Noble Corporation has finalised a high-value contract for its ultra-deepwater asset
Thailand-Cambodia energy dispute leaves up to $300bn in resources untapped
The disagreement centres on an overlapping maritime claims area covering about 26,000 sq km of what is today called the Gulf of Thailand. Successive governments have failed to agree where each country's maritime boundary should lie.
Indonesia’s Karimun emerges as Asian hub for Russian oil
Russian businesspeople have begun staying at the island's leading hotel, where rooms cost about $40 a night the report adds. Their destination is almost always the local oil terminal, which changed ownership in mid-2024.
OPEC’s leverage narrows as war and exits reshape supply
Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained
Pakistan, Saudi Arabia discuss expanding economic, energy cooperation
Pakistan and Saudi Arabia have reaffirmed their commitment to expanding bilateral economic and energy cooperation following talks between senior ministers from the two countries.
Pakistan looks to LNG spot market amid disruption of deliveries from Qatar
Pakistan has issued a tender for an LNG cargo on the spot market amid concerns of further disruption of supplies from Qatar following worsening relations between Iran and the US.
China pullback hits Brazil oil prices
Weaker Chinese demand for Brazilian crude and rising output from Brazil have pushed cargo prices to their lowest levels in more than six years, according to traders and refining sources cited by Platts, part of S&P Global Commodity Insights.
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Pakistan to resume offshore oil, gas exploration after nearly two decades
Pakistan plans to resume offshore oil and gas exploration later this year for the first time in nearly 20 years as part of a broader strategy to strengthen the country's long-term energy security.
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