AsianOil - Asia Oil & Gas
Indonesia’s Pertamina increases prices of non-subsidised fuels
PT Pertamina (Persero), through PT Pertamina Patra Niaga, has officially raised the prices of several non-subsidised fuel products, including Pertamax Turbo (RON 98), Pertamax Green 95, Dexlite, and Pertamina Dex, as of August 2
Indonesia intensifies oil and gas exploration in eastern regions
The Indonesian government is ramping up oil and gas exploration in the eastern regions of the country. The focus is on five key areas: Buton, Timor, Seram, Aru, and Warim
LNG price cap in Vietnam could harm gas-fired power targets
Vietnam's ambition to have LNG account for 15% of its power capacity by 2030 faces significant challenges.
India's ONGC reports decline in Q1FY25 profit
Indian state-owned energy company Oil and Natural Gas Corporation posted a standalone profit of INR89.38bn for the April-June quarter.
Indonesia to boost oil production by 100,000 barrels per day with new oil fields
The Ministry of Energy and Mineral Resources has announced an increase in oil production exceeding 100,000 barrels per day with the upcoming start-up of six new oil and gas fields between 2024 and 2027
MOL gets greenlight for wind-assisted LNG carrier
Japanese shipping giant Mitsui O.S.K. Lines was granted approval in principle from Nippon Kaiji Kyokai to commence design for a membrane LNG vessel, which will feature the installation of Wind Challenger, a wind-assisted power propulsion system.
US LNG exports shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
Malaysia’s state Sarawak gains control over natural gas assets amid push for economic independence
Sarawak, Malaysia's largest state, is on the verge of reclaiming control over its natural gas resources from federal entities, marking a significant stride in its campaign for greater economic autonomy
Petronas launches brand licencing initiative with SIM Distribuidora in Brazil
Petroliam Nasional Bhd (Petronas) has initiated its first brand licencing programme through a collaboration with SIM Distribuidora.
Asian LNG imports climb as demand in Europe remains muted
Asia is poised to post its highest LNG import numbers since the start of the year in July as demand surges despite rising spot prices in the region.
Indonesia's upstream oil and gas projects to attract $3.5bn investment
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has announced plans for the development of 133 non-national strategic projects in Indonesia's upstream oil and gas sector by 2029
Australia issues new exploration permits amid growing concern for domestic gas supplies
Indonesia denies Rosneft's withdrawal from Tuban refinery project, cites renegotiation amid geopolitical tensions
Investment Minister Bahlil Lahadalia has dismissed rumors that Russian oil giant Rosneft is pulling out of a refinery project in Tuban, East Java
Mereenie JV signs gas deal with Northern Territory government
The joint venture partners at Mereenie, the Northern Territory's largest onshore gas field, have signed a six-year agreement to supply the regional government starting from the beginning of 2025.
Empire to sell Carpentaria gas to Australia's NT
Sydney-listed independent Empire Energy has secured a deal to provide gas from its Carpentaria project in the onshore Beetaloo sub-basin to Australia’s Northern Territory.
Indonesian company Texcal Energy advances PB field development in Sumatra
Indonesian independent Texcal Energy is progressing with the second phase of development at its PB field within the Mahato production sharing contract in Sumatra, Indonesia, following recent regulatory approval.
Petronas, Enilive, and Euglena to develop biorefinery in Malaysia for sustainable fuels
Petronas, Enilive (a subsidiary of Eni), and Japanese biotechnology firm Euglena have finalised plans to build a biorefinery within Petronas' Pengerang Integrated Complex in Johor, Malaysia.
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