AsianOil - Asia Oil & Gas
Kazakhstan continues talks to expand Russian oil transit to China
Kazakhstan is continuing negotiations with Russia aimed at increasing the volume of Russian crude oil transiting through its territory to China.
Indian refiners reportedly stop buying Russian oil
The suspension, which reportedly began last week, follows mounting pressure from the US and other G7 nations warning of secondary sanctions against buyers circumventing the $60 per barrel price cap on Russian oil.
Petronas sets up transition council amid workforce restructuring, reaffirms role in Sarawak
Petroliam Nasional Bhd (Petronas) has launched a Transition Council and Human Capital Development Committee to oversee the structured redeployment of staff as part of its ongoing organisational restructuring
Indonesia and Malaysia weigh joint development of East Ambalat oil block amid border talks
Indonesia and Malaysia are exploring the possibility of jointly developing the East Ambalat oil and gas block, a resource-rich offshore area near their disputed maritime boundary in the Sulawesi Sea
Trump to impose 25% tariffs on Indian imports, penalises Russian oil and arms purchases
US President Donald Trump has announced that a 25% tariff, along with an unspecified additional penalty, will be imposed on imports from India starting August 1, citing New Delhi’s continued purchases of Russian oil and military equipment
Trump announces oil partnership with Pakistan
US President Donald Trump has announced a new energy partnership with Pakistan aimed at developing the country’s oil reserves, describing it as a significant step in strengthening bilateral trade ties
BP, ONGC, Reliance jointly agree to explore offshore Indian oil block
India’s state-owned ONGC has entered into a joint operating agreement with BP Exploration and Reliance Industries to jointly explore offshore Block GS-OSHP-2022/2.
Woodside takes over Exxon's Bass Strait position in Australia
Woodside Energy will take over operatorship of Australia’s long-standing Bass Strait oil and gas assets from ExxonMobil.
Thai oil firm PTTEP expands in southeast Asia
Thailand’s national oil and gas company PTTEP has moved to consolidate its position in Southeast Asia’s upstream sector through two strategic transactions.
Carnarvon takes minority stake in fellow Australian player Strike
Carnarvon Energy has agreed to acquire up to 19.9% of fellow Australian operator Strike Energy through a strategic investment worth up to $57mn.
Nayara Energy cuts refinery output amid EU sanctions, turns to Rediff after Microsoft service halt
Nayara Energy, the Russia-linked Indian refiner, has scaled back operations at its 400,000-barrel-per-day refinery in Vadinar, Gujarat, following new European Union sanctions targeting the company
Indonesian prosecutors probe alleged royal marriage of oil graft fugitive Riza Chalid
Indonesia’s Attorney General’s Office (AGO) is investigating claims that fugitive oil trader and corruption suspect Mohammad Riza Chalid has married a member of a Malaysian royal family in a potential effort to evade prosecution
ONGC, BP and Reliance ink joint operating deal for offshore exploration in India's Saurashtra Basin
Oil and Natural Gas Corporation Limited (ONGC), in partnership with BP Exploration (Alpha) Ltd and Reliance Industries Limited (RIL), has signed a Joint Operating Agreement (JOA) to begin offshore exploration of Block GS-OSHP-2022/2
GAIL India reports decline in Q1FY26 profit
State-run gas major GAIL (India) Ltd reported a profit after tax (PAT) of INR18.86bn ($220mn) in the first quarter of FY26, marking a decline from INR27.24bn in the same quarter last year, the company said in a press release.
Russian LPG exports prove robust despite EU restrictions
China’s role as a key buyer is growing, and current estimates may understate the actual volume.
Indonesia affirms Tuna Block oil project remains on track despite operator shift, geopolitical hurdles
The Indonesian government is closely monitoring the progress of the Tuna Block oil and gas development project, reaffirming that it remains aligned with the approved Plan of Development (PoD), despite a recent change in its operating structure,
Pakistan LNG deal: masterstroke or financial folly?
The 15-year LNG deal, once described as a cornerstone of energy security, has turned into what many analysts now view as a burdensome and inflexible arrangement.
OQ Trading secures short-term LNG deal with Bangladesh
The new deal signals a significant shift in Bangladesh’s strategy for securing LNG, moving away from overreliance on the often-volatile spot market and towards more stable, structured supply arrangements.
Russian oil tanker diverts from India’s sanctioned Nayara Energy Terminal to Mundra Port
A tanker carrying Russian Urals crude oil, originally scheduled to dock at Nayara Energy’s Vadinar terminal on India’s western coast, has diverted to the nearby Mundra port, according to shipping data and industry sources.
India's Petronet LNG reports drop in Q1FY26 profit
India’s biggest LNG importer, Petronet LNG, booked a profit after tax (PAT) of INR8.51bn ($98mn) for the quarter ended June 30, 2025, down from INR10.70bn in the previous quarter and INR11.42bn in the year-ago period
India’s Petronet seeks $1.4 billion loan for LNG terminal and petrochemical plant
State-run Petronet, India’s largest importer of LNG is seeking a loan from local banks of at least INR120bn in order to build an LNG terminal and petrochemical plant.
India's Reliance Industries gets ready for the worst
India’s Reliance Industries Ltd. is facing renewed scrutiny over its crude procurement practices following the European Union’s latest round of sanctions targeting diesel derived from Russian oil
Indonesia set to ink $8bn refinery deal with KBR in landmark US trade pact
Indonesia's state-owned investment holding company, Danantara, is finalising an $8bn engineering, procurement, and construction (EPC) agreement with US engineering giant KBR Inc. to develop 17 modular oil refineries across the archipelago
Indonesia's upstream oil sector pushes ahead amid production gap and strong investment in 2025
Indonesia’s upstream oil and gas sector is maintaining positive momentum in 2025 despite falling short of state production targets
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