AsianOil - Asia Oil & Gas
Victoria government's new gas policy draws mixed reactions
The Victorian government unveiled a revised gas policy last week that maintains its electrification targets for new buildings but softens earlier proposals amid industry pressure.
Santos grants due diligence access to XRG group making $18.7bn takeover bid
It marks a major step forward in an $18.7bn bid for the Australian oil and gas group.
Australia launches review of east coast gas market
The Australian government has launched a broad review of the east coast gas market, raising the possibility of introducing a gas reservation policy for new projects in an effort to prevent future supply shortages.
ExxonMobil ramps up Cepu output by 30,000 bpd in Indonesia
Indonesia’s upstream sector received a boost this week as ExxonMobil raised production at the Cepu oil block by 30,000 bpd.
Reliance in early talks to acquire Rosneft’s stake in Nayara Energy
Russian oil giant Rosneft is in early-stage discussions with Reliance Industries to sell its 49.13% stake in Nayara Energy
LNG Canada loads country’s first cargo for export
Shell-operated LNG Canada has begun loading the country's first-ever cargo of the super-chilled fuel for export.
Middle East volatility could benefit Power of Siberia 2, but challenges remain
Still, getting Beijing to commit to such a large volume is still likely to prove difficult, for a number of reasons.
OGT 2025 – 30 years of energy leadership
Official registration is now open for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), which will take place from October 22 to 24, 2025, in Ashgabat.
Sri Lanka’s tea-for-oil barter with Iran faces uncertainty due to Middle East tensions
Sri Lanka’s ongoing tea-for-oil barter arrangement with Iran is facing potential disruptions due to rising tensions in the Middle East, according to Plantation and Community Infrastructure Development Minister Samantha Vidyaratne
Indonesia’s Medco secures majority stake in strategic corridor gas block with $425mn Repsol deal
Indonesia’s MedcoEnergi (PT Medco Internasional Tbk) has solidified its dominance in the domestic gas sector by acquiring a 24% indirect interest in the Corridor Block from Spain’s Repsol E&P for $425mn (IDR6.8 trillion)
Major oil and gas find in Karak strengthens Pakistan’s domestic energy prospects
A major oil and gas discovery in Pakistan’s Karak district, Khyber Pakhtunkhwa, is being hailed as a significant step forward in the country’s efforts to boost domestic energy production.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
China’s Iranian oil imports hit over 1.8mn bpd in June
China’s oil imports from Iran surged to a record high in June, driven by accelerated shipments ahead of a recent 12-day conflict between Israel and Iran and a rebound in demand from independent refineries.
Adani Total Gas and Jio-bp sign agreement to expand fuel retail collaboration in India
Adani Total Gas Ltd (ATGL) and Jio-bp, the operating brand of Reliance BP Mobility Limited, have entered into an agreement to collaborate on expanding fuel offerings and infrastructure at select retail outlets across India
Vietnam adjusts fuel prices from 3pm on June 26
Vietnam’s Ministry of Industry and Trade, in coordination with the Ministry of Finance, announced revised fuel prices effective from 3pm on June 26, marking the 26th fuel price adjustment of the year.
ConocoPhillips' energy commitment viewed as strategic in wider Cambodia-US trade discussions
The ongoing dedication of ConocoPhillips, a major US-based oil and gas company, to exploring Cambodia’s energy potential is being positioned as a critical element in strengthening economic ties between Cambodia and the United States.
Sapura Energy Director Shahriman Shamsuddin resigns amid family dispute and corruption probes
Sapura Energy Bhd (KL:SAPNRG) announced on June 25 that Datuk Shahriman Shamsuddin has stepped down from his role as a non-independent, non-executive director with immediate effect, citing “other commitments” as the reason for his resignation
Indonesia’s upstream oil and gas contractor Kangean Energy rebuts environmental allegations
Kangean Energy Indonesia Ltd. (KEI), an upstream oil and gas contractor operating offshore in East Java, has denied allegations suggesting its operations have caused environmental damage or failed to support local communities
Omera Petroleum to acquire Totalgaz Bangladesh for $32mn
Omera Petroleum, a leading player in Bangladesh’s liquefied petroleum gas (LPG) market, is set to acquire the local operations of French company Totalgaz in a $32mn deal
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