AsianOil - Asia Oil & Gas
Malaysia's PSP Energy joins Shell's carbon compensation programme
Malaysia-based fuel supplier PSP Energy has joined Shell’s Carbon Compensation Programme for 2026.
West Australia obtains 4mn litres of gasoil for state fuel reserve
The government of Western Australia has purchased 4mn litres of gasoil as part of a plan to establish a state-controlled fuel reserve in the Kimberley region.
Australia faces mounting diesel shortages
Australia is facing mounting diesel shortages and sharply rising fuel costs as global supply disruptions linked to the Middle East conflict ripple through energy markets.
Tamboran reports strong gas flow test at Beetaloo basin well
Tamboran Resources announced last week that flow testing at its Shenandoah South 6H well in the Beetaloo Basin has delivered strong results
Australia's Viva seeks govt support to secure extra fuel amid crisis
The company said it would collaborate with Export Finance Australia to source and deliver additional fuel cargoes into the domestic market.
Australian juniors Cue, Echelon push on with Northern Territory drilling
Australian juniors Cue Energy Resources and Echelon Resources said last week they would move ahead with drilling two new wells in Australia’s Northern Territory.
Sunda eyes Asian acquisitions
Asia-focused independent Sunda Energy has outlined a series of strategic moves including a New Zealand acquisition, a collaboration in Timor-Leste and a structured financing package.
Russia markets discounted but sanctioned LNG to South Asia
Russia is again seeking to capitalise on the tightening global gas market by offering LNG from US-sanctioned facilities to energy-constrained buyers in South Asia at steep discounts.
Thailand holds steady oil buffer as Middle East tensions continue to unsettle markets
According to the Thai Energy Ministry’s latest assessment, diesel production in the country continues to exceed domestic demand with daily output reaching 83.37mn litres, compared with a nationwide demand of 68.69mn litres.
Middle Eastern producers eye South Korea oil storage amid disruption
Major oil-producing countries in the Middle East have expressed interest in using South Korea’s crude oil storage facilities as conflict in the region continues to disrupt shipments, according to a senior industry ministry official in Seoul.
India hikes windfall tax on diesel, jet fuel exports
India has increased windfall taxes on exports of diesel and aviation turbine fuel (ATF) to safeguard domestic supply as global oil markets tighten.
Iranian crude returns to India after seven years
Two supertankers carrying Iranian crude have arrived at Indian ports on both the east and west coasts, marking the first such deliveries in nearly seven years.
Myanmar seeks higher oil output through Chinese partnership
Myanmar has moved to raise crude production through a new agreement with a Chinese firm, aiming to ease fuel pressures at home.
Thailand's public backs energy reform, seeks oil tax cuts
A majority of respondents support the Thai government’s plan to restructure energy prices, but many are calling for further reductions in oil taxes.
Quality matters: how the Hormuz crisis tests refinery flexibility
The disruption highlights a key reality often overlooked in the oil market: while volumes may be globally fungible, crude quality is not.
Malaysian home minister instructs to refine border petrol station deployment following smuggling issue
Home Minister Saifuddin Nasution Ismail on April 13 urged the Royal Malaysian Police (PDRM) to tighten standard operating procedures (SOPs) for the deployment of personnel to petrol stations near national borders
Malaysia Maritime Enforcement Agency detains two tankers in $1.37mn illegal diesel seizure
The Malaysia Maritime Enforcement Agency (MMEA) detained two tankers suspected of illegal ship-to-ship (STS) diesel transfers off the coast of Penang on April 11
Philippines secures 52mn litre diesel shipment from Malaysia
The Department of Energy has confirmed the arrival of a second state-procured diesel consignment in the Philippines, injecting 52.311mn litres into local stocks as a protective measure against global market instability.
Shell emerges as India’s largest supplier of LNG
Seeking to keep its fertiliser plants running, India has shifted to Shell as its number one supplier of LNG with QatarEnergy sidelined.
Japan’s Tosoh set to restart ethylene plant
The restart, originally scheduled for April 20, was delayed due to uncertainty over securing naphtha.
Petrovietnam upgrades regasification capacity at Thi Vai LNG terminal
State-run Petrovietnam Gas has raised its regasification capacity at the company’s Thi Vai LNG terminal.
Singapore rejects Strait of Hormuz safe passage toll fee
Foreign Affairs Minister Vivian Balakrishnan has declared that Singapore will not negotiate with Iran for safe passage or pay tolls for transit through the Strait of Hormuz, framing the move as a non-negotiable defence of international law.
South Korea sees 0.5% fuel hike from Hormuz fees
South Korean authorities anticipate that even if Tehran introduces a navigation tax for the Strait of Hormuz, the subsequent rise in local petrol costs would be restricted to approximately 0.5%, with a maximum possible increase of 1%.
Fuel price drop supports Thailand households and businesses
Thailand will reduce diesel prices by THB2.14 ($0.06) per litre from April 9, marking an unprecedented cut aimed at easing living costs.
Japan weighs further oil release
Resource-poor Japan depends on imports for almost all of its crude oil, with more than 90% sourced from the Middle East.
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
Indonesian construction company WIKA Beton signs MoU for Alaska LNG project
PT Wijaya Karya Beton Tbk (WTON) is making a high-stakes leap into the North American energy corridor, confirming it has signed a Memorandum of Understanding (MoU) for a massive LNG infrastructure project in Alaska
Seoul cuts fuel bills by ending post-payment system
South Korea has abolished a controversial post-payment system for gas stations that has been blamed for driving up consumer fuel costs, the Korea Fair Trade Commission (KFTC) announced on April 9.
India welcomes West Asia ceasefire
Manila to secure fuel supplies during Middle East ceasefire
Philippine President Ferdinand Marcos Jr. intends to capitalise on a two-week cessation of hostilities in the Middle East to increase the nation's petroleum reserves, the president told Presidential Communications Undersecretary Claire Castro.
Bangladesh seeks more fuel from India as ties show signs of thaw
Bangladesh has sought to increase fuel imports from India during a high-level visit to New Delhi, signalling a possible easing of strained bilateral ties.
Windfall tax delay exposes Indonesia’s challenge in capturing commodity gains
Indonesia recently announced that it had delayed the rollout of its windfall tax proposal on coal and nickel exports. The country noted that the complexity of balancing fiscal needs with industrial policy is behind the delay
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