AsianOil - Asia Oil & Gas

Thailand faces energy dilemma amid global uncertainties

In the wake of escalating complexities in the global energy markets, governments worldwide are earnestly considering the shift towards cleaner and more stable energy alternatives, and Southeast Asia is no different

Adani Total Gas turns multibagger after strong rally

Adani Total Gas Ltd shares experienced a robust surge on December 7, briefly hitting the upper circuit limit during the trading session/.

Seoul goes overboard with LNG import infrastructure

A recent study conducted by the Institute for Energy Economics and Financial Analysis has revealed that South Korea is undergoing a swift expansion of LNG import and storage terminals, with a significant potential for overinvestment and overcapacity

Iran's oil exports to China up by 110% after partnership deal

Iranian crude oil arriving in China has grown more than 110% since the two countries signed a long-term “strategic” partnership agreement in 2021.

Indonesia approves revised Abadi Masela development plan

The Indonesian Ministry of Energy has announced its approval of a revised development plan for the delayed Abadi Masela LNG/gas project. The $20bn plan, led by Japan’s Inpex, calls for a 9.5mn tonne per year onshore LNG facility.

COP28 leader defends controversial remarks

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

State-owned oil & gas company Pertamina announces roadmap for national energy security at COP28

In a recent announcement at COP28, Indonesia's state-owned energy company Pertamina, led by CEO Nicke Widyawati, outlined a comprehensive strategy to address environmental concerns while maintaining a steadfast commitment to national energy security

State-owned Petronas leads exploration of 19 discoveries and two confirmed finds offshore Malaysia in 2023

In a landmark year for exploration, Petronas and its partners have achieved 19 exploration discoveries and confirmed two exploration-appraisal finds offshore Malaysia

COP28: Major oil companies pledge to cut methane emissions

About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.

Transition risks for petrostates higher than ever, says report

Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.

Thai Binh LNG plant gets green light for offshore port for 150,000-tonne ships

Vietnam's Ministry of Transport has approved plans for a floating warehouse port to receive liquid/gas cargo ships of up to 150,000 tonnes off the coast of Tra Ly estuary in Thai Binh province

OPEC+ extends voluntary cuts as Brazil prepares to join

The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas

PTTEP to invest $400mn in CCS project in Thailand

The Thailand Greenhouse Gas Management Organisation announced that PTT Exploration & Production has submitted a notification of intent to develop a Premium T-VER project to register carbon credits of 1mn tonnes.

President Jokowi unveils Tangguh Train 3 to boost annual LNG production

President Joko Widodo has officially inaugurated the Tangguh Train 3 National Strategic Project in Teluk Bintuni, a move poised to catapult Tangguh's annual LNG production to 11.4mn tonnes

AsianOil: Japan’s JERA gets the OK on LNG stockpiling plan

Japan’s JERA gets the OK on LNG stockpiling plan

Japan's Ministry of Economy, Trade, and Industry has given the green light to an initiative proposed by JERA, the nation's leading power generator

Indonesia nominates Italy's Geng North and Malaysia's Asap Kido Merah for National Strategic Oil and Gas projects

The Special Task Force for Upstream Oil and Gas Business Activities of Indonesia has proposed the Geng North and Asap Kido Merah oil and gas blocks as national strategic projects