AsianOil - Asia Oil & Gas
Thai-Vietnam LNG project a potential ground-breaker in regional LNG co-operation
In a recent meeting between the head of Vietnam’s Thanh Hóa Province and Thai energy developer Gulf Group it was provisionally agreed to build an LNG terminal in the province just south of Hanoi.
Sinopec sees interim net profits drop by 20.1% in first six months
Sinopec, China's and the world’s largest refiner by capacity, has reported a drop in total interim net profits for the first six months of 2023.Numbers declined by just over 20% compared to the same period last year.
China eyes cheaper Iranian crude as Russian discounts dry up
With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
BP investment decision on Australia green hydrogen hub in 2024
Oil and gas supermajor BP will make a final investment decision on the H2Kwinana project in Australia in 2024. This comes as the company has completed its concept development study on the green hydrogen hub in Western Australia.
Pertamina advances bioenergy development for sustainable energy transition
By harnessing the country's rich natural resources, including sugarcane, corn, cassava and sorghum, Pertamina is spearheading the creation of plant-based fuels to power Indonesia's energy transition.
Workers at two Chevron LNG plants in Australia to strike from September 7
Unions at Chevron’s two large Australian LNG facilities have stated they will take industrial action beginning September 7.
Sinopec makes large gas discovery in Sichuan Basin
China Petroleum & Chemical Corporation (Sinopec) announced last week that it had made a large gas discovery in the Sichuan Basin. The company described the find as a breakthrough for its Project Deep Earth Sichuan and Chongqing natural gas base.
India's diesel exports to Singapore hit 19-month record high in August, as profits on European deliveries squeezed
India's diesel exports to Singapore are poised to reach a 19-month peak in August, surging beyond 330,000 tonnes on August 30.
Aramco expands downstream presence in China
Saudi Aramco has announced plans to continue expanding its downstream presence in China in an effort to support energy security and a green transition in the country, according to the company’s president of downstream, Mohammed Y Al Qahtani.
EU again voices concern over buying refined Russian oil from India, without solutions
The EU once more this weekend vented frustration at the “rapid” increase in Indian refined oil product exports to Europe that have been produced using Russian crude, without suggesting a proposal for curbing this trade.
Pertamina signs raft of African deals during Indonesian president's tour
Indonesia’s state-owned oil and gas company Pertamina signed several agreements with African countries last week during a tour of the region by President Joko Widodo, who attended the BRICS summit in South Africa.
Indonesia to enhance gas supply to fulfil national and ASEAN demand
Indonesia, as part of ASEAN, is committed to enhancing gas supply to ensure both national gas demand and the supply to the ASEAN region are met, Warta Ekonomi reported.
BRICS MATERIALS: the flourishing intra-BRICS oil trade
The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.
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