AsianOil - Asia Oil & Gas

In Pakistan, petrol and diesel prices are likely to rise by up to PKR11 per litre

The prices of petrol and high-speed diesel are expected to climb by PKR4-11 per litre in the upcoming fortnight, attributing the surge to elevated international prices and import premiums, which counterbalance the marginal gains.

Shell bullish on LNG, predicts 50% global rise by 2040

Oil and gas supermajor Shell expects global demand for LNG to soar by over 50% by 2040, the company predicted in its 2024 annual LNG market outlook published on February 14.

China seeks to dominate market for clean ships

China has successfully forged a leading role in the manufacture of energy transition technologies – namely the mass production of solar panels and electric vehicles.

China's CNOOC launches another Bohai Bay field

China’s state-owned offshore producer CNOOC has brought on stream another field project in the Bohai Sea – the Suizhong 36-1/Luda 5-2 discovery situated in the Liaodong Bay.

New floating LNG in Malaysia to utilise Straatman ship-to-shore tech

Petronas' latest venture in the realm of floating liquefied natural gas in Malaysia will see the incorporation of cutting-edge technology from the Gutch maritime equipment manufacturer, Straatman

Korean conglomerate offloads stake in Peruvian LNG

MidOcean Energy, a leading unit of the US-based energy investor EIG Global Energy Partners, has acquired a stake in Peru LNG, a terminal operator

China’s oil imports from Iran down to 11-month low over row, Kpler says

China’s imports of Iranian crude tumbled to their lowest level in 11 months, according to data from intelligence firm Kpler, following a standoff over the price of oil from the OPEC producer.

Pertamina speeds up development of oil & gas discoveries in Bekasi

PT Pertamina Hulu Energi is fast-tracking the development of promising oil and gas discoveries in Bekasi, West Java

Pertamina teams up with ENI and Petronas to expand oil & gas exploration abroad

PT Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas giant Pertamina, is partnering with major players ENI and Petronas to explore potential oil and gas blocks in Africa and South America

Malaysian Sipitang residents urged to seize economic opportunities from the oil and gas industrial park

Local officials are calling on residents to capitalise on the economic boom triggered by the Sipitang Oil and Gas Industrial Park

Australian government secures East Coast gas supply deals

India’s Nayara Energy to double refining at oil-processing plant in Gujarat

India's Nayara Energy, majority-owned by Rosneft, is set to embark on an expansion endeavour at its oil-processing facility situated in Vadinar, Gujarat, as revealed by Pankaj Jain, Secretary at the Indian Ministry of Petroleum and Natural Gas.

Gas field operator completes sale of stake off Timor-Leste

SundaGas Banda Unipessoal, a subsidiary of the UK-based Baron Oil, has finalised the sale of a partial interest in a gas field off Timor-Leste to Timor Gap Chuditch Unipessoal

India maintains interest in Sakhalin-2 project

Indian authorities are expressing ongoing interest in participating in the Sakhalin-2 and other oil and gas projects, affirming their openness to discussions, stated Pankaj Jain, Secretary of the Indian Ministry of Petroleum and Natural Gas

Australia’s Woodside and Santos halt merger discussions

It is not clear how Santos will attempt to improve its share value. Some analysts suggest that the company may elect to sell some assets such as its 51% stake in the Pikka project in Alaska.

Trump’s return to White House could endanger Iranian-Sino oil trade

A possible re-election of former US president Donald Trump to high office would send “shock waves” through Iran’s sanctions-hit economy, negatively affecting its oil trade with China, head of the Iranian Parliament’s Research Centre warned.

Russian Power Machines wins sanctions lawsuit again PetroVietnam

Indonesian PLN EPI initiates collaboration for midstream LNG infrastructure development

PLN Energi Primer Indonesia is embarking on a venture to establish a joint venture entity dedicated to constructing and managing midstream LNG infrastructure

India to be major oil demand growth driver by 2030

India is poised to emerge as the primary driver of global oil demand expansion by 2030, propelled by its burgeoning industrial sector and escalating consumption of transportation fuels

Access to oil, systematic clean fuel push key to India's orderly energy transition

India's Petroleum Minister, Hardeep Singh Puri, has emphasised the importance of maintaining affordable oil and gas prices domestically while transitioning towards cleaner energy sources methodically.

AsianOil: China's balancing of Russian and Central Asian gas

Pertamina subholding gas PGN executes international LNG trade with China

Subholding Gas Pertamina PT PGN Tbk has conducted international LNG trading business with China

Oil and gas companies to invest over $1 trillion in the next decade expanding production

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

Indian oil refineries are in negotiations with Russian energy giant Rosneft

Indian state oil refineries are currently in negotiations with Russian energy giant Rosneft for substantial oil supplies, indicating a potential agreement involving around 500,000 barrels per day.

Thailand Department of Mineral Fuels to open auction for onshore petroleum fields

The Department of Mineral Fuels of the Ministry of Energy is gearing up to open an auction for onshore petroleum fields later this year

Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms

Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East

China's balancing of Russian and Central Asian gas

China is relying increasingly on Russian pipelined natural gas, as the Power of Siberia ramps up to its full capacity of 38bn cubic metres per year, potentially as early as 2025

Pertamina Ventures into Malaysia's gas-rich Block SK510 in collaboration with Petronas

Indonesia's state-run oil and gas enterprise, Pertamina has revealed its participation in a significant exploration endeavour in Malaysia

Saudi Aramco eyes downstream investments in India

State-controlled Saudi Aramco is engaged in significant investment talks with Indian companies, according to Faisal Faqeer, the firm's downstream vice president