AsianOil - Asia Oil & Gas

India’s oil firms strike onshore crude in Abu Dhabi

India’s state-run oil companies have recorded a new overseas upstream milestone with an onshore oil discovery in Abu Dhabi, reinforcing the country’s push to strengthen energy security through international exploration

Egypt and Oman explore deeper energy and mining cooperation

Egypt and Oman are moving to deepen cooperation in oil, gas and mining

Islamabad signals intent to shelve Iran-Pakistan gas pipeline

Pakistan has informed Iran of its intention to place the long-delayed Iran–Pakistan (IP) gas pipeline project on hold under an out-of-court settlement arrangement

Bangladesh drafts long-term energy strategy amid supply challenges

Bangladesh’s interim government has finalised a long-term energy strategy, underscoring the sector’s centrality to economic stability and industrial output

China’s CNPC to explore for oil and gas in Tajikistan’s Khatlon province

China’s National Petroleum Company (CNPC) is planning to conduct 3D seismic exploration for oil and gas in southwestern Tajikistan’s Khatlon province, Avesta has reported.

US moves in Venezuela are being felt half a world away in Asia

Venezuela itself has long occupied an unusual position in Asian oil markets. Its crude is heavy, sulphur-rich and difficult to process, yet it has found a natural home among a small subset of Asian refiners willing to adapt for the right price.

Singaporean oil inventories head south

Singapore’s onshore oil inventories retreated across all major product categories in the latest weekly data, led by a pronounced draw in fuel oil that pushed stockpiles to their lowest level in three weeks.

Indonesia completes $7.4bn Balikpapan refinery upgrade to strengthen energy security

Indonesia's Prabowo signals imminent start of $6bn downstreaming drive

President Prabowo Subianto has announced that a series of downstreaming projects worth around $6bn will begin construction within the coming weeks

Gazprom sets new record in gas flows to China via Power of Siberia 1

Russia’s Gazprom has set a new record for daily natural gas deliveries to China via the Power of Siberia trunk pipeline, following a continued ramp-up in exports to its largest Asian customer.

Bangladesh’s LNG import bill climbs to $3.88bn in 2025 as gas demand outpaces supply

Bangladesh’s interim government spent about $3.88bn to import 109 LNG cargoes in 2025, up from $3.02bn for 86 cargoes in 2024, as higher industrial demand and falling domestic gas output increased reliance on overseas supplies

Junta pushes oil and gas cooperation amid disputed elections in Myanmar

Despite widespread international criticism of Myanmar’s military-led elections, the country’s ruling junta is continuing to strengthen economic and energy partnerships with regional and extra-regional powers.

Shell inks 5-year supply deal with Petrovietnam

The world’s largest LNG trader Shell has signed a five-year LNG supply agreement with Petrovietnam.

India's Reliance may resume Venezuelan crude purchases if non-US access opens

India’s Reliance Industries Ltd, which operates the world’s largest refining complex, has indicated it may resume purchases of Venezuelan crude oil if sales to non-US buyers are formally permitted

Venezuelan authorities to send 30mn-50mn barrels of sanctioned crude to the US

US President Donald Trump announced on January 6 that Venezuelan authorities will turn over 30mn to 50mn barrels of sanctioned crude to the US, redirecting exports from China to the US.

COMMENT: US control of Venezuelan oil can earn Indian refineries optimal margins

Reliance's Jamnagar refining complex is a 1.4mn barrel per day facility incorporating proprietary cracking and coking capacity, and was architecturally engineered for Venezuelan heavy-sour crude processing

Bangladesh to import 180,000 tonnes of diesel from India

Bangladesh has approved the import of 180,000 tonnes of diesel from India’s state-owned Numaligarh Refinery Limited (NRL) by December this year

Technip Energies wins major contracts for BPCL's refinery projects in India

Technip Energies has secured two large contracts from Indian state-owned Bharat Petroleum Corporation Limited for key refinery and petrochemical projects at BPCL’s Bina refinery in Madhya Pradesh and Mumbai refinery in Maharashtra