AsianOil - Asia Oil & Gas
Petronas expands gas supply to Sabah Energy to support industrial growth
Petronas, through Malaysia Petroleum Management (MPM), has agreed to increase its natural gas supply to Sabah Energy Corporation (SEC), further strengthening the state’s industrial and energy needs
Shell gas stations in Indonesia face fuel shortage due to Pertamina scandal
Several Shell gas stations in Indonesia have been grappling with fuel shortages in recent days, drawing attention to concerns over the stability of fuel supply
Iran finds unsanctioned oil tankers to skirt US sanctions
Iran has lined up oil tankers that have not been sanctioned by the US in order to continue exporting oil to China.
Indian imports of Russian oil fall 15% in February to two-year low
India imported approximately 1.4mn barrels per day of crude oil from Russia in February 2025, marking a 14.9% decline from January’s 1.7mn bpd.
China's teapot refineries struggle under tougher tax regime
China’s independent oil refineries, commonly known as ‘teapots’, are facing mounting pressures from a stricter tax framework that could accelerate shutdowns in what is an already embattled sector.
Inpex says demand exceeds output for Abadi LNG project
Japan’s largest oil and gas developer Inpex says demand among potential buyers exceeds current output for its Indonesian Abadi LNG project.
UAE’s ADNOC signs LNG supply deal with Osaka Gas
ADNOC has announced the signing of a deal to supply up to 0.8mn tpy of LNG to Japanese utility Osaka Gas.
Two more Pertamina executives charged in $11.9bn corruption scandal
Indonesia’s Attorney General’s Office (AGO) has named two additional Pertamina Patra Niaga executives as suspects in a corruption case that has cost the state an estimated $11.9bn.
TotalEnergies praises Cambodia’s investment climate, tax reforms
TotalEnergies has commended Cambodia’s efforts to reform tax policies and enhance transparency and competition, reinforcing the country’s appeal as an investment destination.
Eni and Petronas form joint venture to manage energy assets in Southeast Asia
Italian energy giant Eni and Malaysia’s state-owned firm Petronas have formalised an agreement to establish a joint venture that will oversee upstream operations in Indonesia and Malaysia, the companies announced on February 27
First Shell branded fuel station opens in Sri Lanka
The first Shell branded fuel station has opened in Sri Lanka at B.S. Cooray Filling Station, Ambathale, the US embassy in Sri Lanka said in a press release dated February 26.
Indian crude oil and condensate production in January down 1.2%
Indian crude oil and condensate production during January 2025 was 2.5mn tonnes, down 1.2% year on year, according to provisional data from the Ministry of Petroleum and Natural Gas’ Petroleum Planning and Analysis Cell (PPAC).
Asahi Kasei launches biogas purification trial in Kurashiki
Asahi Kasei Corp. and Kurashiki City have inaugurated a biogas purification system at a sewage treatment facility in Okayama Prefecture, Japan.
Malaysian oil and gas company Sapura drilling secures $720mn in contracts across Asia and beyond
Sapura Drilling, a subsidiary of Malaysian oil and gas services provider Sapura Energy, has secured multiple contracts worth approximately $720mn
ExxonMobil to invest $200mn in offshore Australian gas project
ExxonMobil subsidiary Esso Australia Resources plans to invest nearly $200mn in the offshore Kipper 1B project to boost gas production from the Gippsland Basin in Australia.
Woodside sees LNG demand outstripping supply in 2030s amid project delays
Woodside Energy expects global LNG demand to outstrip supply into the 2030s as delays push nearly 30mn tonnes per year of new capacity into the next decade.
China’s stare-down of Trump’s energy tariffs will not end well – for the US
In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Pertamina shipping arm expands global reach, reports 64% surge in non-captive revenue
PT Pertamina International Shipping (PIS), the cargo and shipping subsidiary of state energy firm PT Pertamina, recorded a 64% increase in revenue from the non-captive market in 2024, driven by aggressive expansion and fleet reliability
Petronas posts profit decline in the midst of market volatility, plans workforce cuts
Malaysia’s state energy firm, Petroliam Nasional (Petronas), reported a sharp drop in profit for 2024 due to global economic uncertainty, geopolitical tensions, and lower oil prices
Mari Energies announces gas/condensate discovery in Pakistan
Mari Energies has announced a gas/condensate discovery at the Spinwam-1 exploration well, in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa, Pakistan
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