AsianOil - Asia Oil & Gas

New Delhi to snub gas from sanctioned Russian Arctic project

The Indian oil secretary has said New Delhi will not make any LNG purchases from the sanctioned Russian Arctic LNG 2 project.

Chinese deal with ExxonMobil sees new LNG terminal in Guangdong open its doors

China’s Guangdong Energy Group is to start full operations this week at the nation’s latest LNG terminal.

Japanese LNG inventories fall to five-month low amid heatwave

Japan’s storage facilities of LNG have been decimated as hotter-than-usual weather has led the East Asian country to expend a significant amount of LNG from its caverns.

TotalEnergies signs seven-year LNG supply deal with South Korea’s Hyundai Chemical

French supermajor TotalEnergies has revealed that it has signed a heads of agreement with South Korea’s Hyundai Chemical that will see the French firm supply 200,000 tonnes per year of LNG for a seven-year period.

Lim family agrees to $3.5bn settlement in Hin Leong liquidation case

In a significant resolution, Lim Oon Kuin, founder of the now-collapsed oil trading company Hin Leong, along with his children Evan Lim Chee Meng and Lim Huey Ching, has committed to paying $3.5bn to the company’s liquidators

AsianOil: BP eyes increased role in India

ICRA sees room for fuel price cut amid improved margins for Indian oil marketing firms

Rating agency ICRA, on September 26, stated that the recent decline in international crude oil prices has led to an improvement in the marketing margins on retail sales of auto fuels for Indian oil marketing companies (OMCs).

Petronas secures third oil and gas exploration concession in Abu Dhabi's onshore block 2

Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) has granted Malaysia’s Petroliam Nasional Berhad (Petronas) a new oil and gas exploration concession in Onshore Block 2, located in the Al Dhafra region.

OGDCL discovers gas in Pakistan's Sindh

Pakistan's Oil and Gas Development Company Limited (OGDCL) announced on September 25 the successful discovery of hydrocarbons at the Akhiro-1 exploratory well in Khairpur, Sindh.

Malaysian oil & gas service Keyfield International secures $31.4mn contract from Petronas Carigali

Oil and gas services firm Keyfield International Bhd has secured eight work orders valued at MYR130.3mn ($31.4mn) from Petronas Carigali Sdn Bhd.

Petronas not to take legal action against Sarawak

Malaysia’s national gas company Petronas has clarified it is not considering legal action against the Sarawak state or its local government-run gas firm Petros.

BP eyes increased role in India

UK oil major BP announced on September 25 that it is holding a board meeting in India this week as it looks for further investment opportunities in the country.

Petrobras, India explore energy links

Petrobras CEO Magda Chambriard met with India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, to discuss potential cooperation between the Brazilian state-owned company and Indian firms in the energy sector.

CNOOC brings on stream the second stage of the offshore oil project

China’s state offshore oil producer CNOOC has launched production from a second development stage at the Liuhua 11-1/4-1 oil project in the east of the South China Sea.

Energy transition slows as global oil and gas industry refocuses on fossil fuels – report

Pakistan's OGDCL, CNPC Chuanqing Drilling Engineering Company sign MoU

During the 8th Silk Road International Expo for Investment and Trade forum in Xi'an, Pakistan’s flagship exploration and production (E&P) company, OGDCL, signed a memorandum of understanding (MoU) with CNPC Chuanqing Drilling Engineering Company.

The TotalEnergies - Papua LNG saga; FID now set for 2025

In 2019 Total, along with its partners ExxonMobil and Oil Search, signed off on a gas agreement with the Independent State of Papua New Guinea. The accord at the time laid out the fiscal framework for the highly anticipated Papua LNG project