AsianOil - Asia Oil & Gas

Asian nations look to US sweet crude to keep fuel prices low

India’s oil output slumps in October as gas soars

India’s crude oil and natural gas production continued to diverge in October, with the former continuing its years-long decline even as new fields revitalise gas output.

Pakistan’s fuel stations strike in price control protest

Pakistan’s fuel stations have gone on strike in protest at government price controls they claim have left them with unsustainably thin margins.

LNG trade booms ahead of winter

The global LNG trade is booming ahead of the Northern Hemisphere winter, with Asia’s leading buyers ramping up deliveries, in competition with Europe.

SOCAR plans to invest in Pakistan

US confirms co-ordinated SPR release

The US has teamed up with China, India, South Korea, Japan and the UK to co-ordinate releases from their strategic petroleum reserves.

Samsung wins Jafurah gas treatment EPC

AsianOil: Woodside takes FIDs on Scarborough and Pluto LNG 2

Australia’s largest oil and gas producer Woodside has reached final investment decisions for both the Scarborough gas field development as well as the expansion of the Pluto liquefied natural gas facility.

India eyes stakes in Vostok Oil, Arctic LNG-2

Aramco pulls out of one Indian deal, announces another

Chevron shuts Gorgon Train 1 following minor leak

Chevron shut Train 1 at its giant Gorgon LNG plant in Western Australia following the discovery of a minor gas leak during a routine inspection this week.

Australia unveils next round of basin funding

The Australian government has unveiled the next two basins to receive exploration funding and support as part of the “gas-fired recovery” economic strategy.

US seeks Asian allies for SPR strategy

The US wants to co-ordinate with major Asian crude buyers to oversee the release of strategic reserves in order to bring prices down.

Winter worries lead to an increase in refinery output in Japan

Indonesia unveils three-pronged upstream strategy

Indonesian upstream regulator SKK Migas has unveiled its three-pronged upstream strategy to boost national oil and gas production in line with the government’s 2030 target.