AsianOil - Asia Oil & Gas
OPEC+ to cut crude prices for Asia
Saudi Arabia is set to cut crude prices for Asian buyers in January to their lowest level in years, with prices likely to decline by 70 to 90 cents per barrel from December, according to Asian refinery sources who took part in a Reuters survey.
China’s ship-building order sheet adds six new LNG dual-fuel PCTCs
Singapore-based Eastern Pacific Shipping (EPS) has ordered six new pure car and truck carriers (PCTCs) as part of its drive towards sustainability and fleet expansion. The vessels are all to be LNG dual-fuel powered.
South Korea’s hesitation to import US oil, despite Trump’s best efforts
Oil analysts are suggesting that US President-elect Donald Trump’s new energy policy is now likely to drive down global oil prices, while at the same time stabilising long-term demand.
Cyclone Remal inflicts $622mn in economic losses on Bangladesh
Cyclone Remal has inflicted approximately $622mn in economic losses and damages on Bangladesh, primarily due to the extended non-operation of one of its two floating storage and regasification units.
CNOOC starts production at Huizhou 26-6 oilfield in Pearl River Mouth Basin
China’s CNOOC Ltd has brought the first well in the Huizhou 26-2 oil project on stream using a new intelligent production platform built for the job, the latest in a run of successful projects.
China's leading shale oil base moves past annual 1mn tonne per year output mark
China's first national-level shale oil demonstration zone, located in the contested Xinjiang Uygur Autonomous Region, has achieved an annual output exceeding 1mn tonnes for the year to date
Trump warns oil sanctions could extend to Iraq
T7 Global secures five-year contract for offshore maintenance and commissioning
T7 Global Bhd, through its subsidiary Tanjung Offshore Services Sdn Bhd, has been awarded a five-year contract by Jadestone Energy (M) Pte Ltd.
Flipkart partners with GreenLine to boost sustainable logistics in India with LNG trucks
GreenLine Mobility Solutions has partnered with e-commerce company Flipkart to advance eco-friendly logistics operations by incorporating liquefied natural gas (LNG) trucks into Flipkart’s supply chain.
Shearwater Geoservices secures 2D seismic survey contract in India
Shearwater Geoservices Holding AS has been awarded a contract for a 2D seismic survey spanning 15,500 line-kilometres along the continental shelf margin off India’s west coast, the company announced last week.
Seascape Energy partners with INPEX for Block 2A exploration in Malaysia
Seascape Energy, an exploration and production company focused on Southeast Asia, has successfully farmed out a 42.5% stake in the Block 2A Production Sharing Contract (PSC) offshore Sarawak, Malaysia, to Japan’s INPEX Corporation
QatarEnergy signs long-term contract with Shell for delivery of LNG to China
QatarEnergy along with Shell have come to a long-term sales and purchase agreement for the delivery 3mn tonnes per year of LNG to China.
Saudi Arabia gains Asian oil market share as Russian exports decline
Saudi Arabia strengthened its position in Asia's oil market in November, while Russian exports to the region fell to their lowest level since January, according to LSEG Oil Research data, signalling a potential shift in regional market dynamics.
Indonesia seeks new investors for Tuban refinery as Rosneft delays project
The Indonesian government is exploring options to bring new foreign investors into the Tuban Grass Root Refinery (GRR) project as Russia’s Rosneft Oil Co PJSC faces scrutiny over its commitment
Sarawak assemblyman rejects calls for Petros to bear Petronas' costs
Batu Kitang assemblyman Dato Lo Khere Chiang has strongly criticised suggestions that Sarawak’s oil and gas company, Petros, should shoulder the capital expenditures of national oil corporation Petronas
Sabah's oil and gas ambitions through SMJ Energy charts a different path
While much attention has been given to Sarawak’s efforts to reclaim its rights over oil and gas (O&G) resources through Petroleum Sarawak Berhad (Petros), neighbouring Sabah has been pursuing a quieter, yet distinct approach.
GAIL pens charter deal for a new-build LNG carrier with K Line
GAIL has entered into a long-term charter agreement with Japan's Kawasaki Kisen Kaisha (K Line) via a ship-owning firm based in Singapore for a newly built LNG vessel.
India's ONGC Videsh Ltd acquires stake in Azerbaijan’s ACG field, BTC pipeline for $60mn
ONGC Videsh, a subsidiary of Indian state energy firm ONGC, has finalised the purchase of a 0.615% stake in Azerbaijan’s Offshore Azeri-Chirag-Gunashli (ACG) field from Equinor, alongside a 0.737% share in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Vedanta Aluminium partners with GAIL for sustainable aluminium production in India
Vedanta Aluminium, India's largest aluminium producer, has signed a gas sales agreement (GSA) with GAIL Gas, a subsidiary of GAIL, to supply natural gas to its Jharsuguda smelter
Pakistan's oil imports to rise 5% in FY25
Pakistan's crude oil imports are forecast to rise by 5% in the financial year ending June 30, 2025, and by 7% for the 2025 calendar year, driven by recovering industrial production and economic expansion
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