AsianOil - Asia Oil & Gas
India announces new LNG plant to be built in Madhya Pradesh
India’s state-run Oil and Natural Gas Corporation has signed a deal with the Indian Oil Corporation for the development of a small-scall LNG facility in the state of Madhya Pradesh.
Genting awards $1bn FLNG deal to Wison New Energies
Malaysia’s Kuala Lumpur-based Genting has awarded a $1bn contract to China’s Wison New Energies for the construction of a floating liquefied natural gas facility, to be stationed at Teluk Bintuni in West Papua.
Putin hints at increased Russian energy deals with Vietnam
Russian President Vladimir Putin has expressed interest in enhancing energy and security collaboration with Vietnam.
Regional governor in the Philippines behind firm that stands to benefit from LNG expansion
A recent investigation has revealed that a prominent Philippine politician, who has vigorously promoted the use of natural gas in the country, has links to a company poised to gain significantly from its development
Malaysia sees 30% drop in diesel pump sales post-subsidy cut
Malaysia has experienced a significant 30% decline in retail diesel sales at pump stations following the government’s decision to reduce fuel subsidies on June 10
Thailand looks into oil-smuggling ships with links to police force
Thai authorities have initiated an investigation into the disappearance of three seized oil-smuggling vessels, amid suspicions of police collusion, according to local media reports
South Korea's investment in LNG infrastructure raises concerns
Experts are warning that South Korea's multi-billion-dollar investments in LNG carrier infrastructure may one day turn into an obscenely expensive white elephant.
Chevron’s Wheatstone LNG returns to full production
US supermajor Chevron’s Wheatstone LNG plant in Western Australia returned to full production over the weekend.
China's Wison New Energies to quit Russian projects
In what is being seen as a major blow to the trouble-hit Arctic LNG 2 project, leading Chinese engineering firm Wison New Energies has announced its own withdrawal from all ongoing Russian projects
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Global gas flaring at highest level in five years
In 2023, the volume of gas flared globally rose by 9bn cubic metres to 148 bcm, the highest level since 2019, according to a new World Bank report. This is despite efforts to curtail the practice because of climate change.
Vietnam's new refinery seeks export approval as domestic demand falters
Vietnam's Nghi Son oil refinery, a major new player in the regional fuel market, is seeking government approval to export petroleum products
Gazprom pivots to bolster oil trade amid struggling gas sales
Russia’s state-run gas giant Gazprom has its eyes set on expanding oil trading as the company looks to rebound after reporting a $7bn loss in 2023, Reuters reported on June 21 citing sources familiar with the firm’s trading.
AsianOil: Shell snaps up Asian LNG trader Pavilion
Russian oil exports to India in May hit record high
Russia’s oil exports to May climbed to a record high of approximately 2.1mn barrels per day.
ENEOS the latest to sign up Qatari naphtha supplies
ENEOS has signed a long-term deal for naphtha supply offtake from QatarEnergy.
State-owned oil and gas company Pertamina NRE targets 6 GW of clean energy by 2029
Pertamina New & Renewable Energy (Pertamina NRE), a division of the state-owned energy giant Pertamina, aims to achieve an installed capacity of 6 GW of clean energy power plants by 2029
Cambodia's fuel imports surge despite domestic production ambitions
Cambodia's reliance on imported fuel continues, with a 23% year-on-year increase in diesel and petrol purchases in the first five months of 2024
QatarEnergy enters strategic agreement with Haldia
Indian petrochemicals company Haldia Petrochemicals Ltd has said that it has entered into a strategic agreement with QatarEnergy in a bid to maintain a reliable supply of naphtha.
Hokkaido earmarked as ground-zero for Asia’s leading CCS project
In Tomakomai, northern Japan, a government-funded carbon capture and storage project on the island of Hokkaido is being hailed as pivotal in Japan’s vision to integrate CCS into Asia’s energy future.
Trans Mountain hopes to sell 30% stake to Indigenous tribes, says Alberta premier
Canada’s Ottawa government is looking to sell a 30% stake in the Trans Mountain pipeline system to Indigenous groups, said Alberta’s premier. Ottawa had previously said it would try and sell the government-owned project.
Beach reports first gas from Australia's Enterprise field
Australian independent producer Beach Energy announced on June 12 it had achieved first gas at the Enterprise field in the Otway basin of Victoria state.
JAPEX takes full control over Norwegian joint venture
Japanese upstream player JAPEX has taken full control of its Norwegian oil and gas joint venture with London-listed Longboat Energy, after acquiring the remaining 50.1% interest in the enterprise.
India eyes new oil deals, plans new refinery, says minister
Indian Oil Minister Hardeep Singh Puri announced on June 11 that Bharat Petroleum Corp, a leading state-run entity, intends to construct a new refinery.
Pakistan to hold off on LNG spot buys until winter
Pakistan is set to refrain from purchasing LNG cargoes on the spot market until at least the beginning of November due to oversupply and high prices.
State-owned oil and gas company Pertamina ranks third in Southeast Asia's Fortune 500 list
PT Pertamina has solidified its position among global and regional companies by securing the third spot in the 2024 Southeast Asia Fortune 500 list
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