AsianOil - Asia Oil & Gas
Vietnam in talks with Russia's Novatek on LNG collaboration
Vietnam’s government is in talks with Russia’s Novatek on potential collaboration in the LNG sector, as the South Asian country seeks out more avenues of support for its LNG import industry.
Japan's Saibu Gas to expand storage capacity at Hibiki site
Japanese gas firm Saibu Gas revealed this week it planned to expand its LNG storage capacity to support increased gas demand during Japan’s decarbonisation.
Government inquiry explores revival of New Zealand’s sole oil refinery, Marsden Point
A study into the potential reopening of Marsden Point oil refinery in Northland, New Zealand, is underway. The study comes despite any significant cost projections and the necessity for a specialised workforce
Conflict on reports of illicit oil shipments to North Korea
In 2023 it is believed North Korea exceeded a UN-imposed cap on oil imports, sneaking in up to three times the permitted volume. In the process Pyongyang flouted global sanctions, according to a fresh evaluation by UN member states
Woodside sells stake in Scarborough project to LNG Japan
Australian energy giant Woodside has agreed to sell a 10% interest in the company’s Scarborough joint venture to LJ Scarborough, which is a jointly owned subsidiary of LNG Japan, the firm announced.
Woodside eyes major increase of North American LNG purchases
Australia’s Woodside Energy is shifting its focus to North America for procurement of LNG supplies amid a challenging environment for construction of new LNG projects in the domestic market, Japan’s Nikkei Asia reported.
India’s eighth LNG terminal set to commence operations
India’s Gujarat State Petroleum Corp. has issued a tender for a commissioning cargo for delivery in April for the Chhara LNG import terminal
Indonesia’s upstream oil and gas task force revives Camar Field
The Upstream Oil and Gas Regulatory Task Force, in collaboration with Contractor Partnership Contract PT Prima Energi Bawean, has completed a series of reactivation endeavours in the Camar Field
Australia’s Beetaloo gas project could prove uncompetitive, says IEEFA
The planned Beetaloo Basin and related Northern Territory LNG project could turn out to be a colossal sinkhole for investors and taxpayers due to high costs, financial risks, and uncertain returns.
PetroChina to receive first Venezuelan crude cargo at Jieyang refinery amid US sanctions relief
PetroChina's Jieyang refinery is set to welcome its inaugural direct crude oil shipment from Venezuela over the upcoming weekend. The supertanker Elysia, carrying 2mn barrels of Venezuelan Merey crude, is scheduled to dock at Jieyang on March 24.
Credit Agricole backs out of financing LNG projects in Mozambique and Papua New Guinea
The bank was the original financial adviser for Eni and ExxonMobil’s Rovuma LNG facility in Mozambique and Total Energies, Santos and ExxonMobil’s Papua LNG project in Papua New Guinea.
Aramco aims to remain China’s key energy partner
The Saudi firm has reiterated its commitment to key offtake partner China in a mutually beneficial arrangement.
India's refinery shift, Russian Sovcomflot tankers barred amidst sanctions escalation
India's refining sector is transforming as it steers away from dealings with sanctioned entities, with recent reports indicating that crude shipments from the Russian tanker firm Sovcomflot are no longer accepted in the country.
Pakistan pursues waiver on Iran-Pakistan gas pipeline sanctions
Pakistan's Minister of Petroleum, Musadik Malik, has announced Pakistan's intention to approach the United States seeking a waiver on sanctions associated with the Iran-Pakistan Gas Pipeline project
China’s CNOOC reports 12.6% fall in 2023 profits
China National Offshore Oil Company has reported a net profit of CNY123.8bn for 2023, a fall of 12.6% from a record profit of CNY141.7bn in 2022
Pertamina's sustainable oil and gas projects set to propel operations forward
Pertamina Hulu Mahakam, a subsidiary of Indonesia's state energy company Pertamina, is poised to commence operations for three sustainable oil and gas projects in March and April this year.
India halts Russian oil imports on board Sovcomflot tankers
India has halted all imports of Russian oil loaded on tankers owned by Sovcomflot in response to expanding US sanctions pressure, as Washington focuses on targeting physical transports of Russian energy exports so as to curb the country's revenues.
Bangladesh PM's energy adviser blames global oil companies for economic pressures
Tawfiq-e-Elahi Chowdhury, the Prime Minister’s energy adviser, has attributed Bangladesh's macroeconomic challenges, including a dollar reserve crisis, to the actions of global oil companies
India grants export licence to Adnoc for crude oil stored in Mangalore
The Indian government has granted permission to the Abu Dhabi National Oil Company (Adnoc) to export crude oil stored in underground strategic storages at Mangalore, providing operational flexibility to the foreign firm
Venezuela climbs India oil-supply rankings
Venezuela emerged as India's fifth-largest crude oil supplier in February, according to trade sources and refiners. Despite a slight dip in March, imports continued at a steady pace compared to the previous month
ASX-listed TMK Energy conducts $4mn capital raise for Gurvantes XXXV coal seam gas project in Mongolia
ASX-listed TMK Energy has conducted a successful $4mn capital raise to secure proceeds for the acceleration of commercial gas flows through the drilling of additional infill production wells at the Gurvantes XXXV coal seam gas project.
Chevron, JX Nippon sign MoU on Asian CCS chain
Chevron’s tech division Chevron New Energies has signed a memorandum of understanding with Japan’s JX Nippon on studying prospects for a potential CO2 value chain in the Asia-Pacific region.
China surpasses Japan in LNG imports in January-February
China imported more LNG than Asia’s other top market for the fuel, Japan, in the first two months of 2024, in a reversal of the situation in the same period last year.
Fertilisers drive LNG demand in India
The fertiliser sector is set to continue driving Indian LNG and general gas demand, but there may be scope for a significant growth in consumption in power generation in the next decade as well.
Sinochem buys one of first cargoes from Trans Mountain
Sinochem Group of China has acquired one of the first oil cargoes that will be shipped through the expanded Trans Mountain pipeline in Canada.
India's petroleum export earnings plummet amid global slowdown and shrinking Russian oil discounts
India's export revenue from petroleum products took a significant hit in the first 11 months of fiscal year 2024, attributed to a combination of factors including a global economic slowdown
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