AsianOil - Asia Oil & Gas

Inpex given green light on Abadi LNG project in SE Indonesia

Inpex has been given the green light on the much anticipated $20bn Abadi LNG project

Papua New Guinea’s Kumul Petroleum looks to China to fund LNG projects

Papua New Guinea’s state-run Kumul Petroleum is progressing in discussions with several Chinese banks to fund the company’s stakes in two large LNG projects, a senior official at the company revealed.

Venezuela’s PDVSA resumes India oil exports after three-year hiatus

PTT Exploration and Production sets 5-year investment plan of $32.5bn, aims to grow sales by 9%

PTT Exploration and Production, Thailand's largest oil and gas exploration and production company, has unveiled its five-year investment plan of $32.5bn

Chinese energy giant UEG acquires major stake in Pakistan Refinery Limited

The United Energy Group of China is set to acquire over 30% of Pakistan Refinery Limited from the country's state-run oil titan, Pakistan State Oil

COP28: vague and voluntary promises

To say that COP28 in Dubai has been eagerly awaited would be an understatement.

PGN, PTGN and PGE forge gas agreement with PT Pupuk Iskandar Muda for Aceh and North Sumatra industries

PT Perusahaan Gas Negara Tbk. in collaboration with PT Pertagas Niaga and PT Pema Global Energi, recently concluded a significant Gas Sales and Purchase Agreement

Aramco acquires 40% of GO for $100mn

In a groundbreaking move, Saudi Arabia's oil giant Aramco has officially entered Pakistan's retail market, making an estimated investment of around $100mn

Phnom Penh reveals plans for Cambodia’s first ever LNG-fired power plant

The government of Cambodia has revealed plans to construct its inaugural gas-fired power station in Botum Sakor

Iranian oil sellers push up prices as Venezuelan crude rallies

Sellers of sanctioned oil from Iran are hiking offer prices to China after Venezuelan crude rallied following the suspension of US sanctions on the South American producer.

CNOOC starts construction of huge underground oil reserve

China National Offshore Oil Corp. (CNOOC) has started construction of a huge onshore project – the Daxie commercial underground oil reserve at Ningbo in Zhejiang Province in eastern China.

Bangladesh finds new oil and gas reserves in Sylhet

Indonesia's Pertamina terminates LNG offtake deal with TotalEnergies-led Mozambique LNG

Pertamina signed the offtake agreement with Mozambique LNG, a TotalEnergies-operated consortium in 2019. The joint venture plans to invest $20bn to develop the gas project.

Indonesian oil distributor AKR Corporindo initiates LNG venture in Java's KEK JIIPE, eyes 2027 operation

PT AKR Corporindo Tbk, a prominent player in the oil distribution sector, is gearing up to launch a liquefied natural gas project within the Java Integrated Industrial and Port Estate

AsianOil: Thailand faces energy dilemma amid global uncertainties

PTTEP achieves offshore discoveries in Malaysia, moves to engineering phase

PTTEP has announced a series of discoveries offshore Malaysia, unveiling new findings in three fields off Sarawak

Vietnam's gas power development: challenges and opportunities

Vietnam's National Electricity Development Plan predicts that domestic gas thermal power and liquefied natural gas will contribute a significant portion of the country's energy mix by 2030

Jadestone reports robust production performance in Malaysia

Pertamina nears final investment decision for LNG Abadi Block Masela project

Indonesia-owned gas company Pertamina is on the brink of making a crucial final investment decision for the LNG Abadi Block Masela project in the Tanimbar Islands