AsianOil - Asia Oil & Gas

29 May 2025

JAPEX takes 50% stake in Indonesian gas project

28 May 2025

Japex has acquired a 50% stake in an Indonesian gas asset with undeveloped fields and significant exploration potential

Australia's government outlines key gas priorities

28 May 2025

Australia’s Minister for Resources, Madeleine King, has outlined the federal government’s priorities for the gas sector during a keynote address at the Australian Energy Producers conference in Brisbane.

Australia set to approve North West Shelf extension

28 May 2025

Australia’s Federal Environment and Water Minister, Murray Watt, signalled his intention this week to approve the extension of Woodside Energy’s North West Shelf gas processing facility.

Pakistan launches e-licensing system to digitise oil and gas regulation

28 May 2025

The Oil and Gas Regulatory Authority (OGRA) has launched a new e-licensing system aimed at modernising and streamlining the licensing process for Pakistan’s oil and gas industry

Nearly 60 LNG vessels sitting idle as inefficient vessels head to scrapyard

27 May 2025

The LNG sector is experiencing a significant uptick in vessels sent to scrapyards.

Excelerate Energy sets sights on Vietnam as LNG hub for Southeast Asia

27 May 2025

The announcement follows a series of agreements signed earlier this year aimed at boosting Vietnam’s LNG capacity.

Fire devastates Vietnam’s first offshore oil platform during decommissioning

27 May 2025

The incident, which occurred in the Gulf of Thailand some 200 km south of Ca Mau Cape, was reportedly brought under control within 30 minutes.

US invites Japan, South Korea and Taiwan to Alaska for energy talks amid trade tensions

27 May 2025

Donald Trump has long urged allies including Japan and South Korea to increase purchases of American energy, frequently tying these demands to tariffs and broader trade discussions.

ONGC JV starts hydrocarbon production from PY-3 field offshore India after over a decade

27 May 2025

A joint venture of Oil and Natural Gas Corporation Limited (ONGC), Hardy Exploration & Production (India) Inc., and Invenire Petrodyne Limited has successfully restarted production from the PY-3 field

Indonesia plans to cut fuel imports from Singapore, eyes Middle East and US alternatives

27 May 2025

Indonesia is set to accelerate its efforts to reduce reliance on fuel imports from Singapore, with Energy Minister Bahlil Lahadalia indicating on May 26 that the transition could begin as early as June or July.

BP signs 10-year LNG deal with China’s Zhejiang Energy

26 May 2025

British supermajor BP has agreed to a 10-year LNG sales and purchase agreement with Zhejiang Energy.

POSCO unveils first LNG carrier in South Korea

26 May 2025

POSCO Group, a major South Korean steel manufacturer, has taken a significant step into the energy sector with the launch of its first liquefied natural gas (LNG) carrier.

BLOG: Efforts to tackle methane emissions continue, despite Trump’s regulatory rollback

25 May 2025

Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.

Russia's Amur region to ship 500,000 tpy of LNG to China

25 May 2025

Russia’s Amur region intends to export up to 500,000 tonnes per year of LNG to China via road transport, the region’s governor Vasily Orlov said during the AmurExpo-2025 economic forum on May 25.

China launches first offshore carbon capture project to support emissions goals

24 May 2025

China National Offshore Oil Corporation has commenced operations at the country’s first offshore carbon capture and storage facility, located in the Pearl River Mouth Basin.

Indonesia touts 60 new oil & gas blocks as SKK Migas pushes for investment surge

23 May 2025

Indonesia’s upstream oil and gas regulator, SKK Migas, has reaffirmed its commitment to bolstering energy security and investor confidence, announcing plans to offer 60 new oil and gas working areas over the next two years

China’s Guangdong Pearl River strikes LNG deal with ConocoPhillips

22 May 2025

China’s Guangdong Pearl River Investment Management Group has signed a 15-year LNG sale and purchase agreement with ConocoPhillips, with supply thought likely to be coming from the US.

Prabowo threatens ouster of oil and gas officials over regulatory bottlenecks

22 May 2025

President Prabowo Subianto has delivered a forceful message to Indonesia’s oil and gas regulators, warning that officials who fail to streamline complex rules will be dismissed from their posts

Bumi Armada secures full control of Indonesia’s Kojo block in offshore expansion push

22 May 2025

Bumi Armada Bhd has announced that its subsidiary, Armada Kojo BV, has secured a production sharing contract (PSC) with Indonesia’s Ministry of Energy to explore and develop the Kojo block in the Makassar Strait

Venezuela reroutes crude shipments to Asia as Chevron prepares to exit

22 May 2025

Venezuela’s state oil company PDVSA has resumed independent exports of Boscan heavy crude, a grade previously handled by Chevron, after cancelling scheduled shipments to the US energy giant over payment concerns.

India's ONGC reports Q4 net profit drop of 20% y/y

22 May 2025

India’s state-owned Oil and Natural Gas Corporation (ONGC) reported a 20% year-on-year (y/y) decline in consolidated net profit for the fourth quarter of FY25 (January-March), falling to INR88.56bn ($1.03bn) from INR110.96bn