AsianOil - Asia Oil & Gas
Badak LNG and INPEX Masela forge LNG partnership to boost Indonesia’s gas sector
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Follow us online