AsianOil - Asia Oil & Gas

ONGC weighs more bids for Russian assets despite rejection of first bid

India’s Oil and Natural Gas Corp. (ONGC) is reportedly considering placing more bids for oil and gas assets in Russia that are being abandoned by international oil companies (IOCs) in the wake of the war in Ukraine and sanctions against Russia.

Gorgon CCS project still operating at half-capacity

The carbon capture and storage (CCS) project serving the Chevron-led Gorgon LNG terminal in Australia continues to fall short of its performance targets.

S-Oil suffers explosion at South Korean refinery

South Korea’s S-Oil experienced an explosion at its Onsan refinery in the city of Ulsan on May 19.

Woodside shareholders back merger with BHP’s oil and gas unit

Shareholders in Australia’s Woodside Energy have approved the company’s merger with BHP’s oil and gas business, but the combined firm will now come under increased pressure over emissions.

Study shows Australian gas producers paid no tax on AUD138bn combined profits

Sri Lanka out of gasoline as India assists with fuel, fertiliser

Chinese refinery throughput down amid lockdowns

Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.

Saudi Arabia cuts crude export prices to Asia, Kuwait follows suit

Heavily discounted Russian oil sold to China reportedly leaves Iranian barrels stuck in storage at sea

Downstream impact

NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.

AsianOil: Chinese refinery throughput down amid lockdowns

Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.

Inpex raises profit forecast

Japan’s Inpex has raised its net profit forecast for 2022 and kicked off new exploratory drilling over the past week.