AsianOil - Asia Oil & Gas

Fugro wins major Australian subsea integrity contract

Dutch offshore services group Fugro has secured a major marine asset integrity contract in Australia covering the replacement, inspection and surveying of subsea infrastructure.

Australia steps in to maintain abandoned Cliff Head oil platform

Australia’s federal government has authorised public funding to keep the mothballed Cliff Head oil platform offshore Western Australia safe following the collapse of the companies responsible for the asset.

Vermilion cleared for new Wandoo drilling offshore Australia

Canada’s Vermilion Energy has secured Australian regulatory approval for new exploration and development drilling at the Wandoo oil field offshore Western Australia.

New Zealand pushes LNG terminal decision beyond November election

New Zealand has pushed a decision on its proposed LNG import terminal beyond the November 7 general election, delaying a project intended to provide back-up gas supply as domestic production declines.

India's ONGC strikes gas in deepwater Mahanadi basin

India's state-controlled Oil and Natural Gas Corp. has made a natural gas discovery in the deepwater Mahanadi Offshore Basin off the country's east coast, strengthening prospects for a wider development of resources in the frontier area.

Indonesia awards six upstream blocks, puts another eight on offer

Indonesia has awarded six upstream oil and gas blocks carrying more than $141mn in firm investment commitments and simultaneously launched a new licensing round offering another eight areas.

Indian Oil approves $256mn Kochi-Thoothukudi gas pipeline

India’s state-owned Indian Oil Corp. has approved an investment of INR24.49bn to build a 425-km natural gas pipeline linking Kochi in Kerala with Thoothukudi in Tamil Nadu, expanding gas infrastructure across southern India.

Prime Natuna finds gas in four zones at Bekantan-1 off Indonesia

Indonesia’s Prime Natuna EP has encountered gas in four reservoir zones at the Bekantan-1 exploration well in Natuna Sea Block A, with initial deliverability estimated at around 12mn cubic feet per day.

Canada focuses on boosting energy trade beyond North America

Canadian energy exports are increasingly heading across the Pacific, but the US is still a major customer despite shifting trade patterns

Kyrgyzstan discusses oil refinery, pipeline and border storage facilities with China

Kyrgyzstan is reportedly discussing with China the possibility of building oil storage facilities along the countries' shared border.

Afghanistan, Uzbekistan discuss Tuti Maidan gas block delays

Afghan and Uzbek officials have met in Tashkent to discuss technical and financial problems holding up implementation of the Tuti Maidan gas block contract.

South Korea's energy crisis strategy response

South Korea plans to cut Middle Eastern crude dependence to 50% by 2035 after the Hormuz crisis exposed the risks of concentrated supply.

OPEC, India reaffirm energy cooperation at seventh high-level dialogue

Prolonged oil prices above $100 could push India inflation towards 6%

Sustained crude oil prices above $100 a barrel could push India’s retail inflation towards 6% by the next quarter and increase pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Indonesian PT Medco Energi Internasional Tbk raises 2026 oil and gas capex to $475mn

Strengthening upstream production and power capacity across Southeast Asia, energy conglomerate PT Medco Energi Internasional Tbk (IDX: MEDC) has increased its 2026 capital expenditure (CapEx) guidance for the oil and gas segment to $450mn-$475mn

Turkmenistan targets 2027 for TAPI gas flows to Afghanistan

The Turkmenistan-Afghanistan-Pakistan-India pipeline ranks among the largest gas transmission projects in the region. It is designed to carry Turkmen gas across Afghanistan to Pakistan and on to India.

Petro Matad CEO says PetroChina instruction to freeze Mongolian oil deliveries “beggars belief”

AIM-quoted Mongolian oil company Petro Matad (LON: MATD) said on September 22 that in the latest development in a “long-running saga” it has received an instruction from PetroChina (SHA: 601857) to freeze delivery of Block XX production.

South Korea's Hyundai Heavy Industries scores approval for LNG bunkering vessel design

The design removes conventional bridge wings to prevent interference with cruise-ship lifeboats during ship-to-ship bunkering.

South Korea's Hanwha Power secures AiP for LNG bunkering vessel design

South Korea’s Hanwha Power has secured approval in principle from the American Bureau of Shipping for the concept design of a 22,000-cubic-metre LNG bunkering vessel.

India's BPCL signs LNG framework deal with Eni

The agreement does not itself commit the parties to specific LNG purchases.

Russia becomes China's second biggest LNG supplier

Russia became China’s second-largest LNG supplier in August as shipments surged, even as China’s overall LNG imports continued to fall.

Indonesia faces US tariff exposure following 770,000-barrel Russian ESPO crude import

Facing international trade exposure and secondary tariff risks, Indonesia has come under scrutiny from US regulators following the import of approximately 770,000 barrels of Russian crude oil valued at $75mn

Bangladesh fuel price hike to increase inflationary pressure across economy

Bangladesh’s latest fuel price increase is expected to raise transportation, agricultural and industrial costs, adding to inflationary pressures and placing a heavier burden on low- and lower-middle-income households.

Uganda’s nearly built $5.6bn EACOP will open a route to oil markets, but a wider East African payoff remains uncertain

The East African Crude Oil Pipeline (EACOP) is nearing completion, opening a Ugandan crude-export route through Tanzania. But questions remain over financing, fuel security and wider economic gains.

Indonesia’s Pertamina eyes Nigeria’s 2026 oil licensing round as investment talks open

Pertamina is seeking producing and near-production oil assets abroad, VP for upstream business development Toriq Abdat said following talks with Nigeria’s upstream regulator.

Indonesia awards Natuna D-Alpha gas block to Arsari Group subsidiary

Unlocking one of Southeast Asia's largest undeveloped natural gas fields, Arsari Group subsidiary PT Nations Petroleum has won the direct bidding auction for the offshore Natuna D-Alpha oil and gas working area

Bangladesh gas crisis deepens as LNG dependence strains energy sector

Chevron signs $2.17bn agreement with Eneos for 50% Singapore refining company stake

US energy company Chevron Corporation has formally agreed to sell its 50% stake in Singapore Refining Company (SRC) alongside regional downstream assets to Japan's top refiner, Eneos Holdings, for $2.17bn

Hungary could replace Russian gas with Romanian supply and LNG, minister says

Hungary could secure its natural gas supply from alternative sources if the European Union phases out Russian gas imports in 2027, Economy and Energy Minister Istvan Kapitany said in an interview

Osaka Gas buys stake in Australia’s Browse

Japanese energy firm Osaka Gas has purchased a 5% interest in the Browse gas project from the UK’s BP.

US and China open talks on scrapping tariffs on US LNG

China could eliminate its 15% tariff on American LNG as part of a larger package of energy and agriculture deals.

Petronas in talks to supply LNG to Philippines

Malaysian state energy company Petronas is in direct talks with Philippine buyers over LNG supplies.

Taiwan's CPC freezes fuel prices despite rising crude costs

The freeze leaves Taiwanese motorists insulated from a sharp run-up in international oil prices triggered by attacks on Saudi Arabian pipelines, with the refiner shouldering losses that have mounted since fighting in the Middle East began.

Singapore's Delixy plans up to 48% stake in Kazakhstan oil and gas project

Singapore-based oil products trader Delixy Holdings plans to acquire or merge into up to 48% of Tarbagatay Munay, the Kazakhstan operator of the Sarybulak oil and gas field in East Kazakhstan, under a non-binding letter of intent.

Indonesia deepens Africa energy push with Nigeria and Angola talks to secure crude supplies

PT Pertamina (Persero) of Indonesia is pursuing direct crude supplies and energy investments in Nigeria and Angola as it explores upstream assets, refinery participation and a wider African expansion.

Indonesian president instructs ESDM minister to formulate E50 bioethanol roadmap

Accelerating Indonesia’s transition toward national energy sovereignty, President Prabowo Subianto has instructed Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia to draft a comprehensive roadmap for the E50 bioethanol programme

Australia's Santos strikes LNG deal on Canada's Ksi Lisims project

Australia’s Santos has agreed separate LNG deals with South Korea’s POSCO Steel and Canada’s proposed Ksi Lisims LNG project, expanding both the sales and supply sides of its Asia-Pacific portfolio.

Valeura strikes oil in Gulf of Thailand

Canada-based Valeura Energy has made an oil discovery at the newly named Suraphi field near its producing Manora asset in the Gulf of Thailand, with drilling results strong enough for the company to move immediately into development planning.

Thailand faces growing LNG dependency: PTTEP CEO

Thailand could see its reliance on LNG rise from around 30% to 70% over the next decade unless it succeeds in sustaining domestic gas production, the incoming CEO of PTT Exploration and Production (SET:PTTEP) has warned.

Bangladesh plans mass gas plan to address energy security

Bangladesh plans to drill 300 gas wells in two phases and add three LNG import terminals as it seeks to tackle persistent domestic gas shortages and reduce the vulnerability of its energy system.

Asia on track for second year of LNG demand decline

Asian LNG demand is on course to fall for a second consecutive year in 2026, as disruption to Middle Eastern supply drives prices higher and forces buyers across the region to curb consumption.

Takeaways from Gastech 2026: drill for whatever you can

Southeast Asia needs more LNG, but maximising domestic gas production is becoming a security imperative, Newsbase reports from Gastech.

COOEC starts construction on $4bn Qatar oil project

China Offshore Oil Engineering Co Ltd (600583.SS), a specialised subsidiary of China National Offshore Oil Corp (0883.HK), launched construction on its $4bn offshore oil and gas engineering project in Qingdao on September 15.

Bangladesh plans 300 gas wells, three LNG terminals to ease energy shortages

Bangladesh plans to drill 300 gas wells in two phases and add three LNG terminals as part of a broader programme to strengthen energy supplies.

Cambodia spends more than $350mn to contain fuel prices

The Cambodian government has spent over $350mn on measures to reduce fuel costs for consumers since the outbreak of war in the Middle East, Prime Minister Hun Manet said on 16 September 2026.