AsianOil - Asia Oil & Gas
Myanmar secures fuel supplies after four tankers dock
Fuel deliveries to Myanmar received a boost after four tankers arrived at Thilawa Port, as authorities stepped up efforts to safeguard domestic supplies.
Manila redraws oil supply routes as Iran war exposes energy risks
Since late February, the Philippines has been forced to rethink its oil procurement strategy after the outbreak of war in Iran on the 28th of the month disrupted shipping routes and exposed the country’s continued dependence on imported crude.
Asia LNG prices climb to four-month peak
Fresh Houthi attacks on Saudi oil tankers departing Red Sea ports have also helped to extend the conflict to a second major maritime chokepoint, raising fears over global energy supplies.
Australia's Omega starts on biggest drilling campaign to date in Queensland
The fully funded 2026–27 programme comprises four vertical appraisal wells followed by one or two horizontal wells, depending on initial results and land access.
Beetaloo remains on track to launch Carpentaria gas project in Australia in Q4
Key plant components have been installed, while structural and mechanical work is advancing.
Central Petroleum kicks off two-well appraisal campaign in Australia's Northern Territory
Central said the campaign aims to restore Palm Valley’s gas-processing plant to its sales capacity of around 14 TJ per day and deliver at least 10 TJ over the operating lives of the two wells.
West Australia gives special state priority to Woodside's Browse gas project
The Western Australian government has granted “State Significant Project” status to Woodside Energy’s proposed Browse to North West Shelf development.
Australia plans new oil refinery for first time in over 60 years amid fuel supply crunch
Australia’s federal and Western Australian governments will fund an early-stage study into constructing the country’s first new large oil refinery in more than 60 years.
Indonesian gas sub-holding company turns Aceh's Arun terminal into LNG re-export hub
Indonesia’s principal gas sub-holding subsidiary has secured the top global spot for liquefied natural gas (LNG) re-export operations
Bangladesh’s damaged FSRU expected to restart within two weeks
Bangladesh expects its damaged Floating Storage and Regasification Unit (FSRU) to return to service within 10-15 days, offering relief from a nationwide gas shortage triggered by the suspension of liquefied natural gas (LNG) imports.
Thai AirAsia suspends Bangkok Suvarnabhumi base until October
Thai AirAsia has temporarily shut down operations at its Bangkok Suvarnabhumi base, suspending flights from the airport as it responds to rising fuel costs and weaker passenger demand.
India's Rajasthan oil refinery not set to launch petchem production until March 2027
India’s Rajasthan Refinery has begun commercial operations at its new 9mn-tonne-per-year refinery in western India, although the complex’s petrochemical facilities have been delayed until March 2027.
South Korea approves restructuring of petchem assets
The plan represents the government’s second major petrochemical restructuring approval, following the suspension of 1.1mn tpy of cracking capacity at Daesan earlier this year.
Russia sets new daily record for pipeline gas flow to China
Russia’s Gazprom set a new daily record for natural gas deliveries to China through the Power of Siberia pipeline on July 25, marking the third all-time high reached on the route since the start of this year.
Canada’s FortisBC granted key approval for Tilbury LNG expansion
Canadian natural gas utility Fortis BC has received the go ahead from British Columbia’s provincial government to proceed the project following the exemption of the requirement for a Certificate of Public Convenience and Necessity.
QatarEnergy extends force majeure on LNG deliveries to mid-October
The world’s second-largest exporter, Qatar, has prolonged force majeure through to mid-October on deliveries of LNG cargoes to some of its Asian buyers.
Gas Malaysia projected for 16% earnings surge in FY27
Peninsular Malaysia’s sole natural gas network operator is positioned for accelerated profit expansion
Cambodia opens LNG power project to global energy firms
Cambodia is inviting international bidders for a 900-megawatt liquefied natural gas (LNG) power plant, as it broadens its energy partnerships while accelerating the transition to cleaner electricity.
South Korea imports first condensate from Australian Barossa field
SK Innovation E&S (096770.KS) will import its first ever consignment of condensate from an Australian offshore gas field, the company announced on July 27.
ONGC begins first appraisal well drilling in India’s Mahanadi offshore basin
State-owned ONGC has commenced drilling its first appraisal well, MN-DWN18-1-HD, in the Mahanadi Offshore Basin, marking the start of a deepwater exploration programme aimed at evaluating one of India's most prospective offshore hydrocarbon regions.
OPEC and the next surplus
A post-war return of constrained barrels could tip today’s uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control.
Australia’s Amplitude gets greenlight to hook up three gas wells for East Coast project
Australia’s Amplitude Energy has secured environmental approval to connect three offshore gas wells to existing infrastructure in the Otway Basin, advancing its East Coast supply project towards commissioning in the second quarter of 2028.
Eni-Petronas joint venture see steel-cutting for FPSO for North Hub gas project off Indonesia
Searah, the energy joint venture between Eni and Petronas, has started construction of a $2.9bn floating production, storage and offloading vessel for the $11.8bn North Hub gas development offshore Indonesia.
ABL secures warranty survey service work for Papua New Guinea's first FSO
Global energy consultancy ABL has secured a contract from Australia’s Santos subsidiary Oil Search to provide marine warranty survey services for Papua New Guinea’s first offshore floating storage and offloading facility.
Malaysia's Velesto bags $51mn drilling contract with Chevron in North Malay basin
Malaysia’s Velesto Energy has secured a contract worth approximately $51mn to provide integrated drilling services for Chevron’s 2026-28 North Malay basin development campaign off Malaysia.
BP hails arrival of platform jacket for gas and CCUS project off Indonesia
The project combines development of the Ubadari gas field with new onshore compression and Indonesia’s first large-scale CCUS development.
South Korea, China, Japan pledge energy security
South Korea, China and Japan called for stronger cooperation on supply chains, food security and energy stability, the South Korean Foreign Ministry reported on July 23.
Brent tops $100 as Houthi strikes on Saudi tankers threaten Red Sea route
Brent crude broke $100 a barrel on July 23 for the first time since May 26 after Houthi forces struck two Saudi tankers in the Red Sea, threatening the export route Riyadh has used to bypass the closed Strait of Hormuz.
Japan doubles oil imports in June
Middle Eastern deliveries rose to around 1.2mn bpd from just over 800,000 bpd in May, but remained 40.6% lower year on year.
Malaysian Petros revives Sarawak onshore production after 50-year hiatus
The East Malaysian state of Sarawak has resumed land-based crude oil extraction after decades.
Malaysian Velesto Energy secures $51mn offshore drilling contract from Chevron
Malaysian offshore drilling contractor Velesto Energy (KLSE: VELESTO) has secured an offshore charter.
Pakistan shuts two fertiliser plants as Middle East tensions tighten LNG supplies
Pakistan has temporarily closed two fertiliser plants as fresh US-Iran tensions disrupted liquefied natural gas (LNG) supplies.
Iran threatens regional energy infrastructure if US hits its bridges, power plants
Iran's Khatam al-Anbiya headquarters says its forces will target oil, gas and power infrastructure across the region and block all oil exports if the US acts on Trump's threat to bomb Iranian bridges and power plants over Hormuz ship attacks.
Japan imports three-month high in LNG volumes in June
Japan’s LNG imports rose by 6.2% year on year to a three-month high of 4.72mn tonnes in June, reversing five consecutive months of decline as utilities began rebuilding inventories ahead of peak summer demand.
Indonesia receives first Russian crude shipment under 150mn barrel deal
The Indonesian government has executed a landmark state-to-state petroleum procurement, asserting energy sovereignty and diversifying crude sourcing to safeguard domestic fuel reserves.
China’s oil playbook is reshaping global markets.
China has spent the past two decades perfecting protection against the oil market. It has accumulated vast inventories, increased domestic production, expanded electric vehicle use, and diversified its energy supplies.
Indonesian joint rescue team deploys 400 personnel at luxury housing explosion site
Responding to a structural explosion that leveled a three-story luxury residence and damaged surrounding properties in North Sumatra's provincial capital, Indonesian emergency services have launched a Search and Rescue (SAR) operation.
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