AsianOil - Asia Oil & Gas
Japan hires energy consultancy Xodus for Offshore Western Kyushu CCS project
Japan is working to cut its carbon emissions by developing a number of carbon capture and storage facilities. Last week the international energy consultancy Xodus was contracted to participate in the Offshore Western Kyushu CCS project.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Japex realigns company focus, putting spotlight back on oil and gas investments
Japan Petroleum Exploration has reaffirmed its commitment to future investments in oil and gas exploration and production out to 2030.
Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal
Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.
Indonesia arrests Pertamina executives in $11.9bn corruption probe
Indonesia’s Attorney General has arrested executives from subsidiaries of state energy giant PT Pertamina in connection with a IDR193.7 trillion ($11.9bn) corruption scandal tied to crude and oil product procurement
Pakistani petroleum dealer body opposes oil price deregulation
The All-Pakistan Petroleum Dealers Association (APPDA) has opposed the government’s decision to deregulate oil prices
Indian imports of Russian crude oil drops sharply in February
India’s imports of crude oil from Russia dropped sharply in February after the US slapped fresh sanctions on Russian oil entities
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Philippines reveals interest in importing LNG from Alaska
As Trump continues to push US LNG exports, the Philippines joins Japan and Taiwan in assessing the Alaska LNG project.
Russia, Myanmar sign deal for port, oil refinery in Dawei economic zone
Russia and Myanmar have signed a memorandum on investment cooperation in the Dawei special economic zone, including plans for a port and an oil refinery, Russia’s Ministry of Economic Development said on February 23.
Thaioil unveils 3Cs strategy to advance sustainable energy goals
Thai Oil Public Company Limited (Thaioil) has introduced its 3Cs strategy at the FTI EXPO 2025, outlining its roadmap for achieving Net Zero emissions and reinforcing its commitment to sustainability.
Indian steel maker AMNS eyes 5-year LNG deal
Indian steel manufacturer ArcelorMittal Nippon Steel (AMNS) is looking to sign a five-year term LNG deal for six cargoes a year starting in 2026 for its direct reduced iron (DRI) plant in Gujarat
OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Japan’s Inpex expands Malaysian upstream holdings with new offshore blocks
Japan’s Inpex Corp. has strengthened its presence in Malaysia’s upstream sector by securing two offshore exploration production sharing contracts (PSCs), extending its reach into deep and ultra-deep waters off Sabah
Petronas plans to streamline workforce to tackle global challenges
Petroliam Nasional Bhd (Petronas) is preparing to streamline its workforce to adapt to an increasingly complex global energy landscape, CEO Tan Sri Tengku Muhammad Taufik announced
Cambodia to adopt EURO 5 fuel standards within 6 months
Cambodia will transition to EURO 5 gasoline standards within six months, replacing the current EURO 4 standard, the Ministry of Environment (MoE) announced. The government also plans to implement the EURO 5 diesel standard by 2025.
India looking for oil storage facility in Oman
India is in initial talks with Oman to lease a facility to hold about 5mn barrels of crude oil, L.R. Jain, chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL) said
Average effective US tariff hike may impact India's GDP growth by up to 0.1-0.3 percentage points
The increase in average effective tariff rate imposed by the US on Indian exports may hit India's gross domestic product (GDP) growth by 0.1-0.3 percentage points
Chinese refiners boost Brazil, West Africa oil imports amid sanctions squeeze
Chinese refiners are increasing purchases of Brazilian and West African crude oil as they navigate US sanctions on Russia and Iran and respond to Beijing's new tariffs on US oil imports.
Saudi Aramco to acquire 25% stake in Philippine oil company Unioil
The Saudi Arabian Oil Company, Aramco, has finalised agreements to purchase a 25% stake in Unioil Petroleum, a leading oil company in the Philippines.
International oil companies sign up for two Malaysian PSCs
Malaysia's state energy firm Petronas has signed two production sharing contracts (PSCs) under the Malaysia Bid Round 2024.
Tamboran reports strong progress at Beetaloo projects
Australia’s Tamboran Resources made significant advancements in its Beetaloo basin projects during the quarter ending December 31.
Pakistani chemical giant attracts fresh takeover bid
A joint bid has emerged for one of Pakistan's largest petrochemical manufacturers, marking the third such attempt to acquire the company in recent years.
Woodside negotiating with potential partners for equity stake in Louisiana LNG
Australia’s Woodside Energy is in the midst of talks with a handful of potential purchasers of equity stakes in its Louisiana LNG project.
Straits Bio-LNG making headlines in Singapore’s bunkering sector
Singapore-based bio-LNG supplier Straits Bio-LNG, has announced plans to deliver 250,000 tonnes of bio-LNG per year in Singapore.
China to sink ultra-deep onshore wells in search of energy security
China has embarked on a new ultra-deep drilling initiative in the Taklimakan Desert. In doing so, it is hoped that extensive infrastructure can be put in place to help tap into and retrieve oil and gas reserves located roughly 8,000 metres down.
Crown LNG signs memo on Indian gas sales
Crown LNG Holdings, a UK-based LNG project developer, has signed a memorandum of understanding with India Gas Exchange (IGX) to collaborate on LNG sales from its planned import terminal in Kakinada, India.
India could reduce Russian oil purchases if US emerges as key supplier
US President Donald Trump’s recent offer to supply more oil and gas to India could significantly reduce New Delhi’s purchases of discounted Russian oil
Indian LNG imports up 7.6% in January
India’s liquefied natural gas imports rose to 3.05bn cubic metres (bcm) in January, marking a 7.6% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas’ Petroleum Planning and Analysis Cell
Pakistan to auction 71 oil and gas exploration blocks
The Pakistani government has announced the auction of 71 oil and gas exploration blocks—40 offshore and 31 onshore
Shell caught in legal battle over Sarawak gas supply dispute
Shell Malaysia, a fixture in Sarawak for 115 years, is entangled in a dispute between Petronas and state-owned Petroleum Sarawak Bhd (Petros) over control of gas distribution in the state
Petronas opens bidding for offshore exploration blocks following expansion plans
Malaysia’s state-owned energy firm, Petronas, has launched a tender for five offshore exploration blocks in the Malay, Penyu and Sandakan Basins, citing their "diverse geological plays with significant resource potential"
Indonesia eyes 50% palm oil blend for biodiesel by 2026
Indonesia is exploring the introduction of a biodiesel blend containing 50% palm oil (B50) by 2026, alongside plans for a 3% palm-based jet fuel blend next year
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