AsianOil - Asia Oil & Gas

Indonesia’s oil company Pertamina subsidiaries strengthen global reach with refinery product agreement

Two subsidiaries of Pertamina, PT Kilang Pertamina Internasional (KPI) and Pertamina International Marketing & Distribution (PIMD), have formalised a master sales & purchase agreement (MPSA) to enhance the global distribution of environment.

Centre of Energy and Resources Indonesia threatens legal action over oil and gas content violations

The Centre of Energy and Resources Indonesia (CERI), led by executive director Yusri Usman, is considering legal action against stakeholders in the oil and gas sector for alleged non-compliance with regulations mandating the use of local content.

Valeura ramps up drilling off Thailand in growth push

Canadian operator Valeura Energy announced plans on January 8 to increase drilling operations in the Gulf of Thailand, focusing on its Jasmine, Nong Yao, and Wassana oil fields as part of its 2025 strategy.

Abu Dhabi's NMDC bags $1.14bn contract to build gas pipes off Taiwan

Abu Dhabi-based NMDC Group has secured a $1.14bn contract from Taiwan Power Co. (Taipower) to design and install offshore gas pipelines along Taiwan’s western coast.

FPSO operator Yinson secures $1bn in pre-IPO capital

Singapore-based FPSO vessel operator Yinson Production has signed a definitive agreement with a consortium of global investment firms to secure $1bn in pre-IPO growth capital.

BP to boost recovery at top Indian oil and gas field

BP has committed to boosting oil production by 44% and gas output by 89% from India’s largest offshore field under a decade-long contract.

Tamboran achieves drilling milestone at Shenandoah South in Australia's Beetaloo basin

Sydney-listed Tamboran Resources has successfully drilled the Shenandoah South 3H well in its Beetaloo Basin exploration permit.

Vietnam’s PM calls for operational LNG power plants by June

In recent months Vietnam has faced a number of delays in the development of its LNG projects, prompting Prime Minister Pham Minh Chinh to call for accelerated efforts to bring these initiatives into commercial operation.

US sanctions on Russian oil force China and India to seek alternatives

Chinese and Indian refiners are set to increase purchases from the Middle East, Africa and the Americas due to new US sanctions targeting Russian oil producers and tankers

Australia’s ACCC reports future domestic gas supply faces decline, urges more investment

Despite its thriving gas industry and huge gas resources, Australia’s consumer watchdog has reported that the populated east coast could be facing gas shortages later this decade.

Oil up as China, India set to feel effects of US sanctions on Russia

Oil prices have risen for a third straight session as the price of Brent surpassed $81 per barrel on October 13. This is its highest level in over four months.

Malaysia and Japan strengthen energy and regional cooperation

Malaysia and Japan have announced a collaboration on green energy initiatives, focusing on carbon capture and hydrogen technology, as part of Tokyo's efforts to expand its influence in Southeast Asia amidst China's growing economic dominance

AsianOil: India's oil, gas demand to stay robust: stable outlook for downstream firms

Singapore's distillate stockpile decline signals market shifts

Singapore's latest oil inventory report reveals a significant drop in distillate stockpiles, hinting at evolving trends in aviation, shipping and broader fuel markets

Petronas reaches final investment decision for Hidayah field development in East Java

Malaysia’s Petroliam Nasional Bhd has secured a final investment decision (FID) for the development of the Hidayah oil field in Indonesia’s East Java province, according to Indonesia’s upstream oil and gas regulator, SKK Migas

China’s oil demand could fall 70% by 2060, says CNPC forecast

China has been driving the global demand for crude oil for the last 20 years, but studies released last month project that demand for oil will soon peak in China, as electric vehicles and natural gas are substituted for liquid transportation fuel.

Bangladesh to buy rice from India, LNG from US

The Bangladesh government has approved the import of 50,000 tonnes of non-basmati parboiled rice from India and a shipment of liquefied natural gas (LNG) from the United States.