AsianOil - Asia Oil & Gas
Putin, Xi pledge to fast-track progress on Power of Siberia 2 pipeline
Russian President Vladimir Putin and Chinese President Xi Jinping have instructed their respective government officials to fast-track the development of the Power of Siberia 2 gas pipeline project.
Expansion of Cedar LNG appears likely amid strong demand for Canadian LNG
Canada’s Cedar LNG is experiencing strong interest from Asian buyers, with early-stage negotiations pointing to a possible expansion terminal being added to the project.
Indonesia diversifies fuel imports amid strategic shift away from Singapore
Indonesia is significantly reducing its dependence on fuel imports from Singapore, redirecting a large share of its procurement to suppliers in the United States and the Middle East due to evolving economic and geopolitical considerations
Japan’s Eneos pivots investment from hydrogen to LNG
Japanese energy company Eneos Holdings will shift investment from hydrogen to LNG and sustainable aviation fuel.
Indonesia to stop fuel imports from Singapore, shift to US supplies for tariff’s sake
Jakarta intends to end fuel imports from Singapore, which has been its main supplier for years, and boost its fuel supply from the US. The move comes as Indonesia seeks to improve trade relations with Washington and avoid the Trump tariffs.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
China’s CNOOC to enter Kazakhstan’s upstream Zhylyoy project
Chinese offshore oil & gas company CNOOC has entered Kazakhstan’s upstream energy sector for the first time by signing a cooperation agreement with national oil company KazMunayGaz for the joint development of the Zhylyoy project in Atyrau Region.
Vietnam, Russia pledge deeper strategic cooperation
Vietnam and Russia agreed to strengthen their comprehensive strategic partnership during Vietnamese Communist Party leader To Lam's official visit to Moscow May 8-11, according to a joint statement released May 10.
Tensions, trade, and the fuel factor—India’s energy supply amid conflict with Pakistan
As India turns Westward for crude, with one eye on Pakistan’s military actions to the Northwest, the LNG picture is less optimistic. The ongoing strain with Pakistan threatens to compromise pipeline logistics and maritime routes of the fuel.
Abrupt cancellation of Central Asia-Gulf states summit sparks questions over Kazakh, Saudi oil tensions
Speculation over tensions between Saudi Arabia and Kazakhstan has been sparked by the abrupt and indefinite postponement of a summit between Central Asian and Gulf states that was scheduled to take place this week in Samarkand, Uzbekistan.
ExxonMobil, Marubeni sign offtake agreement for low-carbon ammonia
ExxonMobil and Japan’s Marubeni have signed a long-term offtake agreement for the supply of roughly 250,000 tonnes per year of low-carbon ammonia from ExxonMobil's planned facility in Texas.
Venezuela seeks boost in Chinese oil purchases amid warning from Chevron’s Wirth
Venezuela’s Vice President Delcy Rodríguez urged Chinese officials to ramp up oil purchases and assist with diluent supplies during her recent visit to Beijing, as the country prepares for the forced withdrawal of foreign energy firms.
Pertamina advances Mahakam oil and gas output with second phase platform deployment
PT Pertamina Hulu Mahakam (PHM), a subsidiary of PT Pertamina Hulu Indonesia (PHI) under the Kalimantan Regional Division, has marked a key milestone in its Sisi Nubi Area of Interest (SNB AOI) Project with the sail away of two offshore platform
Mongolia, South Korea deepen cooperation on gas safety as energy sector develops
Mongolia’s current gas infrastructure remains limited, with no nationwide pipeline network and few large-scale storage or distribution facilities.
BP teams up with Quest Global for Bengaluru engineering hub
Global energy giant BP has partnered with product engineering services company Quest Global to establish a dedicated engineering centre in Bengaluru, India
Commonwealth LNG secures supply deal with Asian customer
US LNG developer Commonwealth LNG has signed a 20-year supply deal with an Asian customer.
China returns to LNG spot market as prices dip
Chinese companies are back buying LNG cargoes from the spot market following a drop in prices, marking a shift in the purchasing pattern for the world’s biggest importer of LNG
LNG Canada prepares to produce first LNG in June
Canada’s flagship project has finished the cooldown process of the new plant, with all machinery tested, marking the completion of a critical step in bringing online the new plant in Kitimat, British Columbia.
Australia's AGL files plans to expand gas-fired power plant
Australian utility AGL Energy has submitted plans to expand its Kwinana Swift power station in Western Australia by 250 MW.
Australia's upstream industry welcomes Albanese's re-election despite tough stance on gas
Australia's upstream oil and gas sector has welcomed the re-election of Prime Minister Anthony Albanese’s Labor government.
Shell and partners complete India's first offshore decommissioning project
A joint venture between Shell, Reliance Industries and Oil and Natural Gas Corporation has concluded India’s first offshore facilities decommissioning project.
China's ENN, Zhenhau Oil sign deals for ADNOC's LNG
China's ENN Natural Gas and state-owned Zhenhua Oil have each entered into term agreements to purchase LNG from ADNOC.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Scarborough Energy Project faces additional obstacle from Australian doctors group
Australian oil and gas giant Woodside Energy will need to clear another hurdle for its Scarborough Energy Project to get the green light after Doctors for the Environment Australia initiated legal action in the country’s Federal Court.
QatarEnergy and Japanese firms discuss long-term LNG deal
If finalised, the agreement would then reinforce Doha’s long-established position in Japan’s influential gas market, at a time competition is intensifying from the US in the form of the Alaska LNG project, as well as from regional Gulf producers.
ConocoPhillips' exit from Sarawak oil project raises pressure on Malaysian government
ConocoPhillips announced it would exit the Salam-Patawali deepwater oil and gas field, which it had jointly discovered with Petronas in 2018. The 50:50 joint venture, located off southern Sarawak, had been projected to cost $3.13bn.
Sabah opens RON97 fuel access to Bruneian tourists with new PETRONAS pilot project
Tourists from Brunei can now refuel with RON97 petrol at a PETRONAS station in Kimanis, Sabah, under a newly launched pilot initiative aimed at alleviating fuel shortages along the state’s West Coast South corridor
Shell, Reliance and ONGC complete India’s first offshore facilities decommissioning project
India’s first offshore facilities decommissioning project has been successfully completed with the safe removal of mid and south Tapti field infrastructure
China's Beijing Saite eyes Cambodia oil refinery investment
Beijing Saite Holding Co., Ltd., a Chinese company, is considering investing in Cambodia’s crude oil refining sector, including the production of by-products from refining residues, the firm’s chairman said.
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