AsianOil - Asia Oil & Gas

14 August 2024

Reliance resumes Venezuelan oil imports with naphtha swap deal

13 August 2024

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

13 August 2024

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

13 August 2024

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

13 August 2024

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

12 August 2024

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insurers provided coverage for tankers shipping Russian oil to Asia this year, even though others in the sector have withdrawn support for such vessels because of concerns they will violate the G7 price cap by doing so.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

12 August 2024

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

12 August 2024

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?

12 August 2024

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

9 August 2024

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

8 August 2024

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

8 August 2024

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

8 August 2024

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

7 August 2024

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

7 August 2024

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

7 August 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

7 August 2024

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

7 August 2024

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

7 August 2024

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

7 August 2024

Singapore has officially launched the Singapore Carbon Market Alliance, a platform aimed at better connecting buyers and sellers of carbon credits.