AsianOil - Asia Oil & Gas
Mitsubishi invests JPY500bn to expand LNG Canada project
Mitsubishi Corp will invest about JPY500bn to expand production capacity at the LNG Canada project in western Canada.
Indian Oil revives Haldia petrochemical expansion as land hurdle eases
Indian Oil Corp.is reviving plans for a downstream chemicals project alongside its Haldia refinery in eastern India, after the West Bengal government offered to help resolve a long-standing shortage of land for expansion.
South Korea investment package turns towards Alaska LNG
South Korea’s large US investment package is increasingly being directed towards Alaska LNG, potentially giving the long-delayed project a major new source of financing despite lingering questions over its commercial viability.
Qatar extends LNG force majeure as Asian buyers scramble for replacement supply
QatarEnergy has extended LNG force majeure for key Asian buyers into November, forcing Pakistan, Bangladesh and India to seek costly replacement supply as damage to Qatari capacity compounds Hormuz disruption.
PTTEP sanctions Bussabong gas development off Thailand
Thailand’s state oil and gas producer PTT Exploration and Production and Valeura Energy have taken a final investment decision on the first phase of the Bussabong gas development in the Gulf of Thailand, targeting first production by end of 2028.
Timor-Leste weighs second LNG project using Bayu-Undan, Chuditch gas
Timor-Leste is considering a second LNG project on its southern coast that could combine remaining gas from the depleted Bayu-Undan field with resources from the undeveloped Chuditch discovery.
Samsung Heavy nears completion of Petronas ZLNG unit
Samsung Heavy Industries is nearing completion of Petronas’ third floating LNG facility, which will be deployed off Sabah in Malaysia.
Malaysia’s Petronas, Thailand’s PTTEP award $440mn Malaysian offshore oil work to Vantris Energy
Malaysia’s Petronas, Thailand’s PTTEP award $440mn Malaysian offshore oil work to Vantris Energy
Malaysia’s Petronas advances Megah, Limbayong deepwater projects off Sabah
Malaysia’s Petronas has completed a geohazard survey covering the Megah and Limbayong ultra-deepwater fields offshore Sabah, supporting engineering and development planning for the two projects.
Petrovietnam Gas returns to LNG spot market
Petrovietnam Gas has returned to the spot LNG market seeking another cargo for its Thi Vai import terminal, as Vietnam combines short-term purchases with a growing portfolio of longer-term supply contracts.
South Korea's Hanwha Ocean wins $500mn order for two LNG carriers
South Korea’s Hanwha Ocean has secured a KRW680bn order to build two LNG carriers for delivery by November 2029.
Brazil’s Ventura Offshore adds Indonesia deepwater well to SSV Catarina gas exploration campaign
Brazil’s Ventura Offshore has secured an additional deepwater well offshore Indonesia for its SSV Catarina semi-submersible drilling rig, adding around $21.7mn to its firm backlog.
Shell charged over 2024 oil leaks in Singapore
Shell has been charged in Singapore over two oil leaks at its former Pulau Bukom refining and chemicals complex in 2024, including allegations that it failed to report the incidents promptly.
Singapore’s Samos Energy signs long-term charter with Indonesia’s Medco for Malaysian MOPU
Singapore-based Samos Energy has signed a new long-term bareboat charter with Indonesia’s Medco Energi for the West Desaru mobile offshore production unit (MOPU) offshore Malaysia.
Australia’s Worley completes FEED work for Indonesia’s Abadi LNG project
Worley has completed front-end engineering design (FEED) work for key offshore infrastructure at INPEX’s 9.5mn tonnes per year (mtpa) Abadi LNG project in Indonesia.
Indonesia's Pertamina lands SAF deal with Cathay Pacific
Indonesian state energy company PT Pertamina (Persero) has secured a purchase contract from Hong Kong carrier Cathay Pacific for 7,000 kilolitres of sustainable aviation fuel (SAF).
Australia says fuel imports remain secure despite global disruption
Australia’s fuel supplies remain secure despite continuing disruption to global markets, with stocks increasing for petrol and diesel and more tankers heading to the country.
Vitol and Viva in running to buy ExxonMobil's New Zealand's downstream business
Global commodities trader Vitol and Australia’s Viva Energy have emerged as potential partners for New Zealand’s Channel Infrastructure in a bid for ExxonMobil’s New Zealand downstream business.
New Zealand commits NZ$36mn to gas exploration projects
New Zealand will invest NZ$36mn in two gas exploration initiatives, including an offshore Taranaki project, as the government seeks to reverse declining domestic production and strengthen energy security.
Australia's Finder Energy gets environmental greenlight for Timor-Leste oil project
Australia’s Finder Energy has secured the main environmental approval for its Kuda Tasi and Jahal oil development offshore Timor-Leste, clearing another major regulatory hurdle as the project advances towards a final investment decision.
Italy's Eni expands Indonesian upstream business with new block award
Italy’s Eni has secured a 100% interest in the deepwater Sapukala exploration block offshore Indonesia, expanding its position around a growing cluster of major gas developments and discoveries in the Kutei Basin.
TotalEnergies says Namibia, Mozambique projects to help hold output to 2035
TotalEnergies is positioning Namibia’s Venus and Mopane projects and further Mozambique LNG development within a broader post-2030 growth portfolio, while maintaining a production base of around 3mn boed through 2035.
Timor-Leste approves environmental plan for Finder Energy oil project
Finder Energy Holdings (ASX: FDR) has won approval from Timor-Leste's petroleum regulator for the environmental impact statement covering its Kuda Tasi and Jahal (KTJ) oil development in the Timor Sea.
Indonesia coal-to-petrol plans stall on high investment costs
Indonesia has the technology to turn coal into petrol but the cost of building and running such plants remains the main obstacle to attracting private investors, the Indonesian Mining Professionals Association (Perhapi) said.
India's Russian crude imports fall to five-month low
India's imports of Russian crude dropped to about 1.75mn barrels a day in September, the lowest level since April.
Vietnam’s BSR signs ExxonMobil crude framework deal for Dung Quat
Vietnam's Petrovietnam Refining and Petrochemical Corporation has signed a framework agreement with ExxonMobil for crude supplies to the Dung Quat refinery, expanding its pool of international suppliers as it seeks greater flexibility over feedstock.
Japan's INPEX raises stake in Australia's Ichthys LNG project
Japan's INPEX has agreed to acquire JERA's 0.735% interest in Australia's Ichthys LNG project, increasing its controlling stake in one of Asia-Pacific's largest LNG developments to 68.6%.
Indian Oil buys 2mn barrels of Iraqi crude at $28 discount
Indian Oil Corporation, India’s largest refiner, has bought 2mn barrels of Iraqi Basra Medium and Basra Heavy crude at a discount of about $28 a barrel to the October Dubai benchmark.
Bangladesh container depots hike fees after diesel price rise
Private inland container depots in Bangladesh have imposed surcharges of up to 9.85% on six fuel-dependent services after the government raised the diesel price by BDT20 ($0.16) a litre.
South Korea's HD Hyundai Samho builds first three-tank LNG carrier
HD Hyundai Samho (KRX: 267250) is building South Korea's first large liquefied natural gas (LNG) carrier with only three cargo tanks, a design intended to cut construction costs and widen the country's technological lead over Chinese rivals.
Gas-tastrophe! Global energy chiefs drill for more while their own seeps away
The global gas industry is spending billions of dollars drilling new fields, constructing LNG terminals and securing supply routes while allowing huge quantities of the commodity it already produces to leak, vent or burn into the atmosphere.
Vietnam’s BSR expands crude supply options with ExxonMobil
Vietnam’s BSR has signed a framework agreement with ExxonMobil Asia Pacific to explore crude oil supplies for the Dung Quat Refinery.
Southeast Asia ramps up LNG import capacity
Southeast Asia is leaning into LNG use despite the risk of external shocks a new report revealed.
South Korea’s Samsung Heavy Industries and GasEntec ink MoU to develop small-scale LNG
South Korean shipbuilder and maritime engineering firm Samsung Heavy Industries and South Korean engineering firm GasEntec have signed a Memorandum of Understanding for GasEntec to license SHI’s Samsung Enhanced Nitrogen Split Expansion.
Mexico discusses supplying Indonesia with LNG
Mexico’s energy minister Luz Elana Gonzalez Escobar held talks with Indonesian officials about supplying the Southeast Asian country with LNG.
MPs to grill Iran oil minister over cancelled China refinery deals
An Iranian lawmaker said parliament has put forward a plan to question Oil Minister Mohsen Paknejad over the cancellation of oil sales contracts with seven Chinese refineries, warning the move could affect ties with Beijing.
Petronas LNG takes delivery of new Chinese-built carrier to support global supply fleet
Petronas LNG Ltd (PLL), a wholly owned subsidiary of Malaysia’s state energy group Petronas, has expanded its shipping fleet following the delivery of a newly constructed liquefied natural gas (LNG) vessel built by Hudong-Zhonghua Shipbuilding
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