AsianOil - Asia Oil & Gas

China State Shipbuilding delivers the world’s largest VLGC

A subsidiary of China State Shipbuilding Corporation (CSSC) has finished construction on, and delivered, the world’s largest ever ‘very large liquefied gas carrier’ (VLGC) to Singapore from where it will initially be based.

Shell sells stake in Australia’s Browse project to BP

Shell Australia announced on 29 April that it had signed an agreement with BP regarding the sale of Shell’s 27% interest in the Browse project off the north-west coast of Australia.

Valeura Energy restarts Thailand’s Wassana oilfield

Canadian independent Valeura Energy has restarted oil production at the Wassana oilfield in the Gulf of Thailand after a hiatus of three years. The company has a made a number of recent changes in its Thailand operations.

Vietnam joins Asia’s LNG-reliant nations

PetroVietnam Gas, a branch of the Vietnam Oil and Gas Group, the nation’s state-owned energy entity based in Hanoi, is looking to purchase a first ever cargo of LNG to commission a newly built import terminal in the extreme south of the country.

Philippines commissions first LNG terminal

The Philippines has launched commissioning activities at its first LNG import terminal with the arrival of the 137,500 cubic metre ISH floating storage unit (FSU) on April 26 at the terminal jetty in Batangas Bay about 100 km south of Manila.

Indian dividends from Russia blocked by SWIFT ban

The ongoing war in Ukraine is now creating a series of financially worrying knock-on effects across the Indian subcontinent, thanks to the ongoing SWIFT ban on Russian cross-border transactions.

Middle East covers almost all Japan oil imports during March

Despite some recent controversy about G7 member Japan buying crude oil from Russia’s Sahkalin project, almost all of Japan’s oil imports during March originated in the Middle East, with Saudi Arabia being the largest supplier.

Kumul Petroleum delays purchase of stake in PNG LNG from Santos

Papua New Guinea state-owned Kumul Petroleum has delayed an agreement to purchase a 5% stake in the PNG LNG project from Santos, the Australian firm and Papua New Guinea Prime Minister said on May 1.

World’s biggest buyer of LNG expects volatile year ahead

Japanese energy company JERA, the world’s biggest purchaser of LNG, says there is a risk of more market volatility throughout 2023.

AsianOil: Russia to overtake Middle East in April as India’s biggest supplier of crude imports

Kazakh oil and gas producer submits second application for Hong Kong listing

Mongolia starts construction of pipeline via which oil will reach country’s first refinery

Reports suggest Iran’s seizure of tanker is retaliation for US effort to arrest vessel carrying Iranian oil cargo

JERA agrees to purchase LNG from Venture Global in 20-year deal

Under the terms of the free on board deal, JERA will buy roughly 1mn tpy of LNG from the Venture Global-operated CP2 project to be located in Cameron Parish, Louisiana.

Pakistan thrown a crude lifeline by Moscow

The crude deal was agreed following a visit to Pakistan by a high-level Russian delegation earlier in the year headed by Russian Energy Minister Nikolay Shulginov.

India’s north-eastern states working to facilitate oil search

In the extreme and very remote north-east of India, the chief ministers of the states of Assam and Arunachal Pradesh have given a green light to oil exploration measures after agreeing to settle long-standing border disputes going back generations.