AsianOil - Asia Oil & Gas

Iraq and Turkmenistan sign MoU on energy cooperation and gas imports

Iraq’s Ministry of Foreign Affairs announced the signing of a memorandum of understanding (MoU) with Turkmenistan to enhance cooperation in the field of energy and facilitate gas imports to meet both countries’ growing energy demands

Tenth sanctioned tanker delivers cargo from Arctic LNG 2 to Chinese port

A tenth sanctioned LNG carrier has delivered a cargo from Russia’s Arctic LNG 2 facility to China’s southern Beihai LNG terminal.

South Korea scales back fuel tax cuts amid inflation and fiscal concerns

The tax cuts were originally introduced as a temporary measure to ease the burden of rising living costs, but they have become a recurring feature of the budget in recent years.

Petronas and Oman’s OQEP forge oil and gas partnership across Middle East, Southeast Asia

Petroliam Nasional Bhd (Petronas), through its upstream arm Petronas Carigali Sdn Bhd, has signed a memorandum of understanding (MoU) with OQ Exploration and Production New Ventures LLC (OQEP) of Oman to jointly explore oil and gas opportunities

Andaman gas find signals fresh momentum in India’s deepwater exploration

India’s latest gas discovery in the under-explored Andaman-Nicobar Basin could become a turning point for the country’s domestic upstream production and energy security

Iran deepens oil discounts to China amid tougher sanctions, says Kpler

Iran has increased the discount on its crude oil exports to China eightfold since March as tighter US embargo and the return of UN sanctions complicate the logistics of its shipments, a senior commodity analyst at data and analytics firm Kpler said.

UK’s Pharos starts $36mn Vietnam drilling plan

UK-based independent oil and gas firm Pharos Energy has begun a six-well drilling campaign off the coast of Vietnam, aimed at boosting output from existing fields and exploring new development prospects.

Saudi shipping major Bahri confirms 10-year crude transport deal with South Korea’s S-Oil

Under the newly announced agreement, Bahri will transport crude oil on very large crude carriers from the Arabian Gulf and the Red Sea to the port of Onsan in South Korea.

Vietnam’s LNG-to-power push is running into a supply-chain and policy brick wall

Vietnam’s accelerating pivot towards LNG gas as a transition fuel has long been billed as a pragmatic middle path by Hanoi.

Pertamina and private fuel retailers yet to finalise non-subsidised fuel supply deal

Pertamina Group and private fuel station operators have yet to reach an agreement on the supply and pricing of non-subsidised fuel, following weeks of negotiations

MariEnergies announces new oil and gas discovery in Pakistan's Sindh

MariEnergies has announced a new oil and gas discovery from its exploratory drilling at the Shawal-1 well, located within the Mari Development and Production Lease (Mari D&PL) area in Sindh Province, Pakistan

India’s opposition slams Modi over Trump’s Russia oil claim

Indian National Congress leader Jairam Ramesh in an X post criticised Prime Minister Narendra Modi for staying silent over US President Donald Trump’s repeated claims that India would cut back on oil imports from Russia.

India continues to buy Russian oil

BP named top bidder for South Korea’s offshore gas project

British energy giant BP has reportedly been chosen by the Korea National Oil Corporation (KNOC) as the preferred bidder to jointly develop South Korea’s deep-sea oil and gas resources in the East Sea.

Myanmar, Russia strengthen energy cooperation

Union Minister for Energy U Ko Ko Lwin led a Myanmar delegation to the eighth Russian Energy Week International Forum (REW) in Moscow, where they held high-level talks with Russia’s Minister of Energy, Sergey Tsivilyov

China's Sinopec transfers stake in Russian petchems firm Sibur to Hong Kong unit

Cyprus, once a common jurisdiction for Russian joint ventures, has become less suitable following EU sanctions.

Indian refineries prepare to cut Russian oil imports due to Trump’s tariff threats

Some of India’s largest oil refiners are preparing to reduce imports of Russian crude, following comments by US President Donald Trump that Prime Minister Narendra Modi had pledged to wind down purchases.

Pertamina and Daqing boost Indonesia’s oil recovery

Indonesia’s state-owned energy firm Pertamina has entered a strategic partnership with China’s Daqing Oilfield Co., Ltd. to advance the use of Chemical Enhanced Oil Recovery (EOR) technology aimed at boosting national oil production.

Sri Lanka and Sinopec push ahead with $3.7bn Hambantota oil refinery project

A delegation of China’s Sinopec Company, met with Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, to review progress and address pending issues related to the new oil refinery project in Hambantota

India to expand US energy imports amid tensions over Russian oil

India is seeking to boost its purchases of crude oil and natural gas from the US as part of a broader effort to diversify energy sources and ease tensions following US President Donald Trump’s criticism of New Delhi’s continued imports of

Turkey’s TPAO subsidiary takes over operatorship of offshore Pakistan block

A subsidiary of Turkish Petroleum Corporation (TPAO) has taken over as operator of a promising offshore block in the Arabian Sea following a farm-out agreement with licence holder Pakistan Petroleum Limited (PPL)