AsianOil - Asia Oil & Gas
Indonesia’s Pertamina seeks floating rig for East Natuna drilling
Indonesia’s Pertamina East Natuna has opened a tender for a floating drilling rig for exploration work at its East Natuna acreage.
Wildfires threaten Tangguh LNG and Indonesian oil and gas operations
Forest fires have spread close to BP’s Tangguh LNG complex and several other oil and gas operations in eastern Indonesia, prompting increased firefighting efforts, although production has largely continued without disruption.
Petron partially restarts Port Dickson refinery in Malaysia
Petron Malaysia has resumed limited operations at its Port Dickson oil refinery while work continues to replace a product jetty damaged last year.
Malaysia’s Petronas sanctions long-delayed Limbayong oil and gas project
Malaysia’s Petronas has taken a final investment decision on the Limbayong deepwater oil and gas development offshore Sabah, reviving a project that has faced repeated delays over the past several years.
India’s ONGC plans $10.5bn deepwater exploration push
India’s state-owned Oil and Natural Gas Corp. plans to invest around INR1 trillion ($10.5bn) in deepwaterexploration over the next five years, as it searches for large discoveries capable of reversing a long-running production decline.
Asian spot LNG prices hit five-month high on Hormuz disruption
Asian spot LNG prices climbed to their highest level in five months on September 1, as buyers sought replacement cargoes amid continued disruption to Qatari supply and renewed tensions between the US and Iran.
New Zealand cancels planned 2027 fuel tax increase
New Zealand’s government has cancelled a planned 12-cent-per-litre increase in fuel excise from the start of 2027, citing cost-of-living pressures and recent uncertainty in the Middle East.
Jadestone advances restart plans for Stag and CWLH oilfields in Australia
Singapore-based Jadestone Energy has advanced plans to restart production at its Stag and CWLH oilfields offshore Australia after outages at the two assets weighed on output in the first half of the year.
New Zealand’s Channel lifts Marsden Point fuel storage by 40%
New Zealand’s Channel Infrastructure has increased operational jet fuel and diesel storage at its Marsden Point terminal by around 40%, as the company expands the former refinery’s role in the country’s fuel supply system.
Western Australia pushes for federal gas reservation exemption
Western Australia is pushing to secure an exemption from Australia’s planned national gas reservation scheme, arguing that the state’s existing policy already ensures sufficient supply for the domestic market.
Chevron warns environmental challenge could cause delays to Australia's Gorgon LNG project
US oil major Chevron has warned that a legal challenge against environmental approval for infrastructure supporting its Gorgon LNG project in Western Australia could cost the company around A$40mn per month if key works are delayed.
Australia's West Erregulla gas field makes breakthrough in finding route to market
Australia’s Strike Energy and Hancock Energy have agreed a development and processing framework for the West Erregulla gas field in Western Australia, resolving a long-running uncertainty over how the resource will be brought to market.
Australia's Beetaloo basin sees first gas production
First gas has flowed from Tamboran Resources and Daly Waters Energy’s Shenandoah South pilot project in Australia’s Beetaloo basin, marking the start of commissioning ahead of commercial sales to the Northern Territory.
Italy's MAIRE lands early engineering work at Asian LNG plant
Italian firm MAIRE’s Tecnimont has secured early engineering work for a large-scale gas monetisation project in South America and a front-end engineering design (FEED) contract for an LNG plant in Asia.
Vietnam's Cai Mep LNG receives third commercial cargo
AG&P LNG has received the third commercial LNG cargo at its Cai Mep terminal in southern Vietnam, as the facility moves towards a regular import schedule.
Indonesia sets 2027 crude oil lifting target at 612,500 bpd
Seeking to halt long-term natural depletion and reverse domestic production shortfalls, the Indonesian government has established higher upstream crude oil targets
Pakistan seeks spot LNG cargo for September delivery
Pakistan has moved to secure an additional liquefied natural gas (LNG) cargo from the international spot market as it looks to meet near-term energy requirements.
India becomes key gasoline supplier to Russia amid refinery disruptions
India has emerged as a major supplier of gasoline to Russia as Ukrainian drone strikes on Russian refineries disrupt domestic fuel production and drive up imports.
Oil India unit signs MoUs for four waste-to-energy projects in Haryana
Oil India Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited (NSE: OIL), has signed memorandums of understanding (MoUs) with four Haryana municipalities to develop integrated compressed biogas and waste-to-energy projects
Russia fails to secure deal for Power of Siberia 2 after another meeting with China
Power of Siberia 2 is back on the agenda, but China still has little reason to rush into a 30-year gas commitment.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
Malaysia restores RON 95 monthly fuel quotas, expands micro-financing
To mitigate rising living costs and bolster small business operations, Malaysian Prime Minister Anwar Ibrahim has unveiled a series of economic relief measures
Sri Lanka electricity tariffs face fresh pressure as CPC raises fuel prices
Sri Lanka’s electricity consumers could face another tariff increase after the Ceylon Petroleum Corporation (CPC) raised the prices of naphtha and heavy fuel oil (HFO) by around 20% and stopped sales of subsidised fuel to the power sector.
Indonesian Pertamina warns 2026 budget overrun on subsidised LPG quotas
Facing surging domestic energy demand and price disparities between subsidised and non-subsidised fuels, Indonesia’s national energy company has alerted Parliament to potential fiscal quota overruns
US sanctions four India-based firms, three nationals over Iran petrochemical trade
The United States has imposed sanctions on four India-based companies and three Indian nationals over their alleged involvement in Iran’s petroleum and petrochemical trade as part of Washington’s newly launched “Operation Economic Outcast”
PTTEP signs 35-year gas deal for Thai-Malaysia JDA block
A Thai company has secured a 35-year deal covering gas exploration and production in the Malaysia-Thailand Joint Development Area (JDA).
Indonesia’s H1 2026 oil and gas output falls short of targets
The operational disruptions and accelerating natural field depletion across flagship assets had affected Indonesia’s upstream oil and gas sector, as it missed official government targets during the first seven months of the year.
Malaysian offshore vessel operator Keyfield International acquires distressed mega-dredger for $24.7mn
Accelerating its long-term strategic pivot to diversify earnings beyond oil and gas support services, offshore vessel operator Keyfield International Berhad (KLSE: KEYFIELD) is expanding into regional dredging and marine civil engineering.
Follow us online