AsianOil - Asia Oil & Gas

INPEX plans 2027 FID for Indonesia's Abadi LNG project, expansion of Ichthys

Japan’s INPEX announced last week that it is preparing to take a final investment decision on the Abadi LNG project offshore Indonesia by 2027. The company is also planning to expand its Ichthys LNG project offshore Australia.

Brunei opens offshore licencing round to revitalise oil and gas exploration

Brunei Darussalam is offering two offshore blocks for competitive bidding in 2025

Pakistan cuts petrol prices

Trump gives green light to restart LNG export permit approvals

The US LNG exports sector received long-awaited good news with the approval on February 14 of the first LNG export permit granted by President Donald Trump since his return to the White House.

Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%

Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.

Malaysian Oil, Gas & Energy Services Council seeks greater clarity on Petronas’ investment plans

The Malaysian Oil, Gas & Energy Services Council (MOGSC) has urged Petroliam Nasional Bhd (Petronas) to provide more detailed information on capital expenditure, contract allocations and project timelines to better support service providers

Japan’s Inpex targets 2027 for final investment decision on Indonesian LNG project

Japan’s largest oil and gas explorer, Inpex Corp, plans to make a final investment decision (FID) on its Abadi liquefied natural gas (LNG) project in Indonesia by 2027 as part of a broader strategy to expand LNG supply

SOCAR pens energy pact with India's MRPL, ONGC at India Energy Week

At India Energy Week 2025 last week, the State Oil Company of Azerbaijan Republic (SOCAR) and Mangalore Refinery and Petrochemicals Limited (MRPL) and Oil and Natural Gas Corporation Limited (ONGC) signed a non-binding memorandum of understanding

Vietnam fuel prices edge higher

Vietnam raised domestic fuel prices on February 13, citing fluctuations in global markets driven by geopolitical uncertainties and trade tensions.

ADNOC Gas pens LNG supply deal with Indian Oil Corp

ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with state-owned Indian Oil Corporation for the supply of up to 1.2mn tonnes per annum (mtpa) of liquefied natural gas (LNG), the Abu Dhabi-based company said in a press release

Pertamina's upstream unit discovers largest oil and gas reserves in 15 years

PT Pertamina Hulu Energi (PHE), the upstream oil and gas subsidiary of state-owned PT Pertamina, discovered 652mn barrels of oil equivalent (MMBOE) in 2024, marking the largest reserve find in the past 15 years

AVEVA, HMEL to work on digital transformation in Indian refining, petchem sector

Industrial software firm AVEVA and HPCL Mittal Energy Limited (HMEL), an Indian integrated refining and petrochemical company, have signed a memorandum of understanding to advance digital transformation in India's refining and petrochemical sector

India's ONGC signs multiple energy agreements

Indian state-owned energy firm Oil and Natural Gas Corporation (ONGC) has signed a number of deals in the renewables and oil and gas space, the company announced via separate press releases dated February 12.

Singapore, Indonesia and Malaysia conduct joint oil spill response exercise

The Maritime and Port Authority of Singapore (MPA) has conducted a tabletop exercise (TTX) with Indonesia and Malaysia to enhance regional coordination and strengthen response capabilities for oil spills

Indian Gas Exchange, HPCL sign MoU to boost natural gas market in India

Indian Gas Exchange (IGX) and state-owned energy company Hindustan Petroleum Corporation Limited (HPCL) have signed a memorandum of understanding (MoU) to collaborate on enhancing the natural gas market in India, IGX announced in a press release.

Brazil’s Petrobras eyes Indian deepwater oil blocks in global expansion push

Brazil's national oil company Petrobras is evaluating opportunities in India's deepwater and ultra-deepwater crude blocks as it seeks to diversify its reserves beyond its traditional pre-salt fields.

TotalEnergies strikes 10-year LNG deal with India's GSPC

France’s TotalEnergies has signed a 10-year sale and purchase agreement with India’s Gujarat State Petroleum to supply 400,000 tonnes of LNG per year.

Woodside CEO calls for more pragmatic Australian energy policy

Woodside Energy CEO Meg O’Neill has called for a more pragmatic discussion on Australia’s energy future, warning that policy uncertainty and regulatory hurdles are hampering investment in both gas and renewables.

Taiwan considers Alaskan LNG to avoid US tariffs

Taiwan could become a buyer of LNG from Alaska in an effort to prevent the US from levying tariffs on the East Asian country.

ADNOC signs 5-year LNG supply deal with Bharat Petroleum

Abu Dhabi National Oil Company has agreed to a 5-year LNG supply deal with India’s Bharat Petroleum.

US-China LNG trade and how tariffs might affect flow

The latest chapter in the storied history of US-China trade relations has opened with fresh tariffs from both sides. Most notably this includes a 15% tariff on US LNG that came into effect earlier in the week.

India launches biggest oil, gas block bid round

India has launched its largest Open Acreage Licensing Policy (OALP) Round-X bidding at India Energy Week 2025 on February 11, Petroleum Minister Hardeep Singh Puri said in a statement on X.