AsianOil - Asia Oil & Gas
Santos again delays FID on Dorado
Leading Australian oil and gas producer Santos has once more delayed taking a final investment decision on the offshore Dorado oil project in Western Australia.
Australia to finalise new gas, CCS exploration permits
Australia’s government intends to finalise new permits for offshore gas and carbon capture and storage exploration to support the economy and energy transition goals.
China, Philippines reach understanding on contested shoal in South China Sea
China and the Philippines last weekend announced that they have reached an understanding regarding the Second Thomas Shoal, a submerged reef near the Spratly Islands in the South China Sea.
Thai cabinet approves freeze on electricity prices, diesel ceiling amid economic stability measures
The Thai Cabinet has greenlit a series of measures aimed at stabilising energy prices for the remainder of 2024, including freezing the electricity rate at THB4.18 per unit and capping diesel prices at THB33 per litre until October 31.
Indonesia looks to break decade-long hiatus on purchasing Russian oil
Pertamina, the Indonesian state-controlled refiner, is said to be on the lookout for Russian oil grades for what will be the first time in years, according to three traders
Indonesia to launch low-sulphur fuels amid fiscal concerns
Starting September 1, the Indonesian government will begin distributing low-sulphur fuels in an initiative aimed at reducing air pollution in Jakarta and potentially other major cities
Indonesia's energy and mineral resources ministry boosts efforts to manage five available oil and gas blocks
The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), continues to push for the management of five available oil and gas blocks
Indian LNG imports climb in June on demand from gas power bodies, fertiliser industry
India’s imports of LNG rose in June by 11% to 2,648mn standard cubic metres. This was largely the result of the country’s gas consumption increasing by 7%.
Thailand weighs challenges of Russian oil import amid economic considerations
Thailand's ongoing discussions with Russia over potential oil imports have highlighted several economic and logistical challenges.
Russian seaborne oil exports drop to lowest level in January
Russia’s four-week average for oil exports up to July 14 sunk to its lowest level since January.
Malaysia targets larger portion of worldwide LNG market
Malaysia is poised to enhance its global footprint in natural gas trading, as the nation’s oil and gas giant Petroliam Nasional Bhd, more commonly known as Petronas, ramps up its international investments.
Japanese petroleum industry chief calls for advance forecasts amid jet fuel shortage
The head of Japan's petroleum industry has called on international airlines to provide flight schedules and jet fuel demand forecasts as far as a year in advance to address a jet fuel shortage at Japanese airports
Indonesia’s Special Task Force for Upstream Oil and Gas Business Activities reports $5.6bn investment in upstream oil and gas for H1 2024
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) revealed an upstream oil and gas investment of $5.6bn, equivalent to IDR90.63 trillion, in the first half of 2024
Exxon Mobil sells Malaysian oil and gas assets to Petronas
Exxon Mobil Corp has reached an agreement to sell its Malaysian oil and gas assets to state-owned energy firm Petronas, marking its exit from the country's upstream sector where it once held a dominant position
Malaysia detains oil tanker after collision and escape incident
A substantial oil tanker, flagged by Sao Tome and Principe, has been apprehended by Malaysian authorities after a collision and subsequent escape off Malaysia's coast
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