AsianOil - Asia Oil & Gas
Reliance resumes Venezuelan oil imports with naphtha swap deal
Reliance Industries Ltd is set to restart oil imports from Venezuela through a deal involving naphtha swaps, according to sources. This arrangement follows a recent US authorisation allowing the Indian conglomerate to resume trade with Caracas.
Petronas facing operational woes at one of Malaysia’s three LNG export plants
Malaysia's state energy firm, Petronas, has requested some of its buyers defer scheduled LNG cargo loadings from one of its export plants due to operational issues.
Petronas unveils supplier support programme to boost sustainability in OGSE sector
Petroliam Nasional Bhd (Petronas) has launched a Supplier Support Programme (PSSP) to motivated Malaysia's oil and gas services and equipment (OGSE) suppliers to integrate sustainability practices into their operations
Pakistan secures $500mn loan from Islamic Development Bank for oil purchase
Pakistan has secured a $500mn loan from the Islamic Development Bank to purchase crude oil from the international market.
Reuters names five Western insurers covering Russian oil trade to Asia
Five Western insurers provided coverage for tankers shipping Russian oil to Asia this year, even though others in the sector have withdrawn support for such vessels because of concerns they will violate the G7 price cap by doing so.
Saudi oil exports to China set to decline in September
Saudi Arabia's oil exports to China are expected to decrease to approximately 43mn barrels in September 2024, according to traders familiar with the matter.
Pakistan weighs gas price equalisation levy to ease subsidy burden
The Pakistani government is considering the introduction of a price equalisation levy on wellhead gas as a means to subsidise residential consumers and industrial sectors.
Will an increase in Chinese jet fuel demand help boost stagnant oil growth?
China’s demand for jet fuel has seen a significant surge of late, driven primarily by the recovery in airline traffic following the pandemic.
Petronas exits South Sudan after two decades amid strategic shift
Malaysia’s state-owned oil and gas giant, Petroliam Nasional Bhd, announced its withdrawal from South Sudan, ending a presence that spanned over two decades in the tumultuous East African nation
Impact of Trans Mountain expansion on crude trade routes remains in flux
The impact of the expansion of the Trans Mountain oil pipeline (TMX) from Alberta to the Pacific remains in flux.
Malaysia’s energy shipping company MISC to welcome former Shell executive as new CEO
MISC, the shipping arm of Malaysia’s national energy company Petronas, is set to appoint a new chief executive next week.
India to introduce 20% bio-aviation fuel over next five years
India’s Road Transport and Highways Minister Nitin Gadkari on August 7 announced that the aviation sector is poised to integrate 20% bio-aviation fuel over the next five years.
Multiple South Korean LNG projects face the axe on back of lack of economic benefits
In the same month that even mainstream media outlets are highlighting the increased shipments of US-origin LNG to Asia in recent weeks, to China and South Korea in particular. A number of LNG projects in peninsula Korea are facing closure.
Malaysia’s Sarawak state looks to take over Petronas gas assets on Borneo
Malaysia’s largest state, Sarawak, which is located on the island of Borneo, now finds that it can move ahead with plans to exercise autonomy due to the political conditions in the country.
Indonesia’s PT Pertamina International achieves higher oil and gas production in first half of 2024
PT Pertamina International Exploration and Production reported oil and gas production of 227,000 barrels of oil equivalent per day in the first half of 2024.
TotalEnergies sells stake in Pakistani oil marketing firm to Gunvor
French energy giant TotalEnergies has agreed to sell its 50% stake in Pakistani oil marketing firm Total PARCO Pakistan Ltd. to commodities trader Gunvor.
Valeura to resume output at Thailand's Wassana field
Canada-based oil and gas company Valeura Energy is set to resume production at its Wassana oilfield in the Gulf of Thailand, a month after operations were halted due to a structural issue.
New South Wales mulls changes to renewable fuels strategy
Australia's New South Wales state is considering revising its renewable fuels strategy to support its emission reduction targets and achieve net zero by 2050.
Singapore launches carbon trading platform
Singapore has officially launched the Singapore Carbon Market Alliance, a platform aimed at better connecting buyers and sellers of carbon credits.
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