AsianOil - Asia Oil & Gas

22 May 2025

Badak LNG and INPEX Masela forge LNG partnership to boost Indonesia’s gas sector

21 May 2025

Badak LNG, has signed a Memorandum of Understanding (MoU) with INPEX Masela Ltd., the Indonesian arm of Japan’s INPEX Corporation, to explore strategic collaboration in advancing Indonesia’s liquefied natural gas

TotalEnergies eyes return to Indonesia with potential stake in Bobara block

21 May 2025

French energy major TotalEnergies is reportedly seeking a return to Indonesia’s upstream oil and gas sector by acquiring a stake in the Bobara exploration block, according to the country's oil and gas regulator, SKK Migas

India's Petronet LNG posts highest-ever annual profit

21 May 2025

India’s biggest LNG importer Petronet LNG has reported its highest-ever profit after tax (PAT) of INR39.26bn ($460mn) for the financial year ended March 31, 2025

TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims

20 May 2025

Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.

Iran, Afghanistan voice desire to work together in oil, gas development

20 May 2025

Iran and Afghanistan signalled their mutual desire to cooperate in the oil, gas and petrochemical sectors, with Tehran offering help to develop its neighbour’s growing petroleum industry.

Taiwan shuts down final nuclear reactor, pivots to LNG

20 May 2025

Taiwan is looking to ramp up purchases of LNG cargoes on the spot market after the island shut down its final nuclear reactor.

Hanwha Energy affirms commitment to Vietnam’s LNG-to-power sector

20 May 2025

Hanwha Energy is already a key player in the 1.5-GW Hai Lang LNG power project in Quang Tri Province, a development valued at approximately $2.3bn.

Muted response to Malaysia’s Sepat FPSO tender despite lucrative terms

20 May 2025

Malaysian floating production, storage and offloading (FPSO) contractors are gearing up to submit commercial bids for the country’s Sepat FPSO project, though the anticipated enthusiasm from local players appears to have cooled

Indonesia targets Singapore traders in $12bn Pertamina corruption probe

20 May 2025

Indonesia's Attorney General’s Office has extended its corruption investigation into state energy giant Pertamina by seeking cooperation from several trading firms in Singapore, following allegations of massive financial losses tied to oil imports

New Delhi's crude import bill falls 17% in April as Russian barrels gain ground

20 May 2025

India’s crude oil import bill fell by 17% year-on-year in April 2025 to $10.8bn, down from $13bn in the same month last year

Japan’s top refiners scale back green energy plans as costs and energy security concerns soar

19 May 2025

This cautious repositioning also includes a pivot towards LNG, with Eneos planning to strengthen and expand its LNG operations. Demand for LNG, the company believes, will likely continue to rise until around 2040.

Japan under pressure from US over investment in Alaska LNG pipeline

19 May 2025

Japan’s participation in the $44bn initiative remains far from assured. Concerns persist within the energy sector over both the commercial feasibility and the long-term viability of the pipeline.

Petronas and Petros move toward profit-sharing deal in Sarawak gas dispute resolution

19 May 2025

Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) are nearing a profit-sharing arrangement to resolve a long-standing dispute over gas distribution control in Sarawak, according to insights from Kenanga Research

India’s LNG imports rise 21% in April

19 May 2025

India’s liquefied natural gas (LNG) imports rose sharply in April 2025, reaching 3.03bn cubic metres (bcm), up 21.3% year-on-year, according to provisional figures from the Petroleum Planning and Analysis Cell (PPAC)

China’s CO2 emissions go into reverse for the first time

18 May 2025

For the first time, China, the world’s biggest emitter of greenhouse gases, has seen its CO2 emissions go into reverse and start falling, despite a rapid growth in demand for power.

Eni boosts Indonesian gas output with Merakes East start-up

16 May 2025

Italian energy giant Eni has commenced gas production from the Merakes East field in Indonesia's offshore Kutei Basin, further strengthening its foothold in Southeast Asia’s energy market

Sapura energy’s liquidity crisis persists despite return to profitability

16 May 2025

Sapura Energy Bhd’s external auditors have once again flagged substantial doubts over the company’s ability to continue as a going concern, even as the Malaysian oil and gas services firm posted its first annual profit in six years

Woodside explores Aramco collaboration, potential stake in $17.5bn US LNG project

16 May 2025

Shares in Woodside, Australia's largest gas producer, jumped nearly 4% following the announcement. The agreement also includes the possibility for Aramco to secure future LNG supplies from the facility.

Iran shrugs off fresh US sanctions as 'failed' tactic amid oil sales to China

15 May 2025

Iran’s Oil Minister Mohsen Paknejad hit back at Washington’s renewed push to choke off Iranian crude exports, calling the United States’ “maximum pressure” campaign a “worn-out slogan” and a “failed experience.”

TNB and Malakoff poised to gain from Malaysia’s first gas plant tender in nearly a decade

15 May 2025

Tenaga Nasional Bhd (TNB) and Malakoff Corp Bhd are expected to emerge as key beneficiaries of Malaysia’s first gas-fired power plant tender in nine years, amid soaring electricity demand driven by rapid data centre growth

US turns up heat on Iran with fresh sanctions over China oil shipments

14 May 2025

The US slapped fresh sanctions on over 20 companies accused of helping funnel billions of dollars' worth of Iranian oil to China, intensifying its “maximum pressure” campaign on Tehran even as nuclear talks with the Islamic Republic inch forward.

Petronas-Petros gas pact set to cement Sarawak’s role in LNG supply chain

14 May 2025

An agreement on natural gas management between Malaysia’s national oil company Petronas and Sarawak’s state-owned Petroleum Sarawak Bhd (Petros) is expected to be announced imminently, Sarawak Premier Tan Sri Abang Johari Tun Openg confirmed

Malaysia's Keyfield wins offshore support contract from Petronas Carigali

14 May 2025

Keyfield International Bhd has secured a new offshore support contract from Petronas Carigali Sdn Bhd, bolstering its operations in Malaysia's oil and gas sector

Pakistan’s oil and gas production falls in April

14 May 2025

akistan’s oil and gas production continued its downward trend in April, with crude oil output declining by 14% year-on-year to an average of 58,890 barrels per day, while natural gas production dropped by 8%

GAIL India receives five proposals for US LNG stake, long-term supply deals

14 May 2025

State-owned gas importer GAIL (India) Ltd has received five proposals from US companies offering equity participation in liquefied natural gas (LNG) projects, each tied to long-term supply agreements

Bangladesh to rely more on oil-fired plants to curb summer power crisis

14 May 2025

The government of Bangladesh plans to increase reliance on oil-fired power plants and boost fuel imports to address rising electricity demand during the ongoing summer and the upcoming Eid-ul-Adha holiday