AsianOil - Asia Oil & Gas
US LNG sector rebuffs Trump’s attempts to levy tariffs on Chinese-built vessels
The US LNG sector is pushing back against President Donald Trump’s attempt to force the industry to utilise US transport vessels through levying tariffs on Chinese-built ships using US ports.
MODEC, Sumitomo agree on FPSO build for Brazil
MODEC has signed a contract with fellow Japanese firm Sumitomo Heavy Industries for the construction of the forward block of its next-generation hull for the Gato do Mato floating production, storage and offloading unit.
Sunda snatches funding for Chuditch well off Timor-Leste
London-listed Sunda Energy has secured funding for a drilling campaign at the Chuditch gas field offshore Timor-Leste.
OPEC+'s rise in oil output could trigger sharp fall in oil prices in 2027-28: Alfa Bank
OPEC+'s plans to raise oil production amid the US’ new protectionist trade policies could lead to a sharp decline in Brent crude prices in 2027-2028.
Russian insurers seek approval to cover oil tankers in India
The firms are seeking to offer protection and indemnity coverage, a form of marine insurance that typically covers risks such as oil spills and collisions.
China re-exports record volume of LNG in April
China re-exported more than 280,000 tonnes of LNG in April, marking the highest monthly total on record.
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
Kuching High Court rejects Petronas' bid to delay $1.8m guarantee dispute with Petros
The Kuching High Court on April 28 dismissed Petroliam Nasional Bhd’s (Petronas) application to postpone the hearing of a lawsuit brought by Sarawak Petroleum Bhd (Petros) over a MYR7.95mn ($1.8mn) bank guarantee related to gas supply
AIM-quoted Mongolian oil company Petro Matad signs crude sales agreement with PetroChina Daqing Tamsag
AIM-quoted Mongolian oil company Petro Matad on April 28 announced the signing of an oil sales agreement for Block XX crude oil.
Australia’s Santos wins final approval for Barossa field from federal government
Development of the offshore Barossa gas field has won final approval from the Australian federal government, putting the AUD5.6bn project on track to start production by the end of this year.
Chinese oil output tops previous records to reach 4.6mn bpd
In January, China’s National Energy Administration announced its aim to maintain stable oil production levels exceeding 200mn tonnes in 2025. Two months later, official data showed that oil production had already reached a record high of 4.6mn bpd.
GAIL and Concor partner to promote LNG as alternative fuel for logistics sector in India
GAIL (India) Ltd. and Container Corporation of India Ltd. (CONCOR) have penned a Memorandum of Understanding (MoU) to boost the use of liquefied natural gas (LNG) as an alternative fuel for the logistics sector, GAIL said in a press release.
Ex-Petronas manager charged in alleged espionage amid tensions with Sarawak's Petros
A former Petronas executive is facing attempted corporate espionage charges, accused of trying to leak confidential company documents during sensitive negotiations with Sarawak’s state-owned energy firm, Petros, over gas aggregation rights
India’s OPEC oil imports hit record low in FY25 as Russian crude gains ground
India’s crude oil imports from OPEC dropped to an all-time low in fiscal year 2024–25 as the country’s refiners continued to favour cheaper Russian crude
BPCL and GPS Renewables set up joint venture to develop compressed biogas plants in India
Bharat Petroleum Corporation Limited (BPCL) and GPS Renewables Private Limited have entered into a joint venture to develop compressed biogas (CBG) plants across India, BPCL announced in a press release.
Petronas Carigali launches tender to support offshore drilling in Indonesia
Petronas Carigali, the upstream arm of Malaysia’s national energy company, has issued a key tender for mud logging equipment and services to support its upcoming drilling campaigns in Indonesian waters
Petronas makes first LNG delivery to Vietnam, strengthens ties with PetroVietnam
Petronas, through its subsidiary Petronas LNG Ltd (PLL), has completed its first liquefied natural gas (LNG) delivery to PetroVietnam Gas (PV Gas), a subsidiary of Vietnam’s state-owned PetroVietnam (PVN)
Petronas signs 11 MOUs to boost Malaysia’s OGSE sector and workforce modernisation
Petronas, through Malaysia Petroleum Management (MPM), has signed 11 memoranda of understanding (MOUs) aimed at advancing Malaysia’s oil and gas services and equipment (OGSE) industry
Qatar to extend MoU with Bangladesh over LNG supply
Qatar has reaffirmed its commitment to Bangladesh's energy needs by agreeing to renew a recently expired Memorandum of Understanding (MoU) on LNG supply and begin work on the technical framework for a proposed land-based LNG terminal
Malaysia’s Kedah flags encroachment on Petronas gas pipeline route
The Kedah state government has raised concerns over a prolonged encroachment along Petronas’ gas pipeline corridor in Pendang, where villagers are alleged to have been extracting red earth from land directly above the buried pipeline
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