AsianOil - Asia Oil & Gas
Australia introduces gas reservation bill despite warnings
Australia's gas reservation plan aims to protect domestic consumers but risks discouraging investment and unsettling Asian LNG buyers.
Southeast Asia's LNG demand growth threatened by high prices and shift to renewables
High LNG prices, equipment shortages and renewable energy competition threaten Southeast Asia's gas-fired power ambitions and future LNG demand growth.
Conrad advances Indonesia's Mako gas project towards 2027 start-up
Conrad Asia Energy has completed several key development milestones at its Mako gas project offshore Indonesia, including the arrival of a production unit for conversion, the commissioning of a gas pipeline and the activation of a long-term
Oman overtakes US as India's largest LNG supplier amid Hormuz disruption
Oman overtook the US as India's largest supplies of LNG in September, as disruption to shipments through the Strait of Hormuz continued to reshape the country's import arrangements.
Indonesia's gas shortages threaten $720mn ceramic industry investment
Indonesia's ceramic industry is facing mounting production disruptions and the potential postponement of IDR12 trillion in investment as restrictions on natural gas supplies drive up costs and threaten thousands of jobs.
Seadrill secures $420mn drilling contract in Indonesia
Offshore drilling contractor Seadrill has secured a contract worth approximately $420mn for its West Carina ultra-deepwater drillship in Indonesia, strengthening its position in Southeast Asia.
China’s producer inflation hits four-year high as energy costs surge
China's producer prices rose at their fastest pace in more than four years in September, driven by surging oil and commodity costs as the Middle East conflict continued to disrupt international energy markets.
Indonesia’s Pertamina boosts fuel deliveries to Bali after shortages trigger lengthy queues
Indonesia's state-owned energy company Pertamina has stepped up fuel deliveries to Bali after supply disruptions left petrol stations without sufficient stocks, triggering lengthy queues and traffic congestion across the popular tourist island.
High fuel prices accelerate decline in China's gasoline demand
High gasoline prices are encouraging Chinese motorists to switch to rail transport and electric vehicles, contributing to a decline in road fuel consumption despite continued growth in overall passenger travel.
Pertamina reports hydrocarbon discoveries in eight exploration wells in Indonesia
Indonesia's state-owned oil and gas company Pertamina has encountered hydrocarbons in eight exploration wells, as the country intensifies efforts to discover new reserves and reverse declining domestic production.
Sunda Energy advances New Zealand offshore gas exploration permit application
UK-listed Sunda Energy has moved a step closer to securing an offshore exploration permit in New Zealand's Taranaki Basin.
Singapore LNG begins third jetty construction to expand bunkering capacity
Singapore LNG Corporation has begun construction of a third jetty at its Jurong Island terminal, potentially increasing its total LNG bunker reload capacity to 3mn tonnes per year by 2028.
Shell delivers Singapore's first certified bio-LNG cargo from US
Shell has delivered Singapore's first ISCC EU-certified bio-LNG cargo, demonstrating the potential to transport renewable gas internationally using existing LNG infrastructure and certification systems.
Kazakhstan weighs $500mn exploration consortium with Chevron, Shell and Chinese oil firms
Kazakhstan is in talks with US, British and Chinese oil companies to establish a consortium for geological exploration, with preliminary investment estimated at around $500mn.
Trump claims Taiwan has confirmed purchase of 30% of LNG from Alaska pipeline project
US President Donald Trump says Taiwan has committed to buy 30% of LNG from Alaska’s pipeline project.
Singapore to build digital data system for ship refuelling
Singapore will create a digital system that records bunkering data at the point of measurement and passes it securely to regulators, traders and financiers.
Eni sells Indonesian gas stakes to Pertamina, Medco
Italian energy group Eni (BIT: ENI) has agreed to sell 10% stakes in seven gas blocks off East Kalimantan to state-owned PT Pertamina and PT Medco Energi Internasional (IDX: MEDC).
Seadrill secures drilling deals in Indonesia, Malaysia, Angola
Seadrill (NYSE: SDRL) has won a $420mn drillship contract in Indonesia and extended work for rigs off Malaysia and Angola.
NYK, MISC venture signs 10-year Malaysia LNG charter
A joint venture between Japan's Nippon Yusen Kaisha (TYO: 9101) and Malaysia's MISC Group (KLSE: 3816) has signed a 10-year time-charter contract with Malaysia LNG Sdn.
Pakistan faces $1.29bn LNG import bill this winter
Pakistan expects to spend about $1.29bn on liquefied natural gas (LNG) imports between November and February, buying 10 cargoes on the spot market at roughly twice the price of Qatari supply.
Cambodia's fuel import bill jumps 54% amid Middle East crisis
Cambodia spent $2.82bn importing diesel, gasoline and combustion gas in the first nine months of 2026, up 53.8% from $1.84bn a year earlier.
China's fuel exports set to fall in October despite resumption of shipments
China's refined fuel exports are expected to decline in October despite Beijing lifting restrictions imposed during the National Day holidays, offering only limited relief to international markets struggling with shortages of diesel, gasoline and jet
Valeura starts Wassana oil platform installation in Thailand two months ahead of schedule
Canada's Valeura Energy has begun offshore installation work at its Wassana oilfield redevelopment project in the Gulf of Thailand, approximately two months ahead of schedule.
Eni agrees to sell stakes in seven Indonesian oil and gas blocks to Pertamina and Medco
Italy's Eni (BIT:ENI) has signed two binding agreements to sell minority interests in seven Indonesian oil and gas blocks to state-owned Pertamina and Medco Energi, as the company seeks to monetise its recent exploration successes.
Indonesia's Indo Tambangraya spends $438,133 on coal drilling
Indonesian coal miner PT Indo Tambangraya Megah (IDX: ITMG) spent a combined IDR7.86bn (about $438,133) on drilling at four subsidiaries between July and September
India's fuel exports offset 30% of oil import bill
India's petroleum product exports covered around 30% of its oil and gas import bill between June and August 2026, trimming dollar outflows as crude prices and shipping costs climb.
Pakistan urges refiners to consider Libyan crude imports
Pakistan has urged its refiners to look at buying crude oil from Libya as it tries to widen its sources of supply during the Middle East crisis, Pakistani Petroleum Minister Ali Pervaiz Malik said.
China cuts VAT export rebate for new energy vehicles
China will lower the value-added tax (VAT) export rebate on new energy vehicles (NEVs) to 9% from 13% from April 1, 2027.
Grab spends $85,000 on fuel support for Cambodian drivers
Ride-hailing company Grab Holdings Limited (GRAB) will spend $85,000 of its own money on fuel support for drivers in Cambodia over the next two months instead of raising fares.
Medco takes 10% stake in Indonesia's East Kalimantan blocks
Indonesia's PT Medco Energi Internasional (IDX: MEDC) has agreed with Italian energy group Eni to acquire a 10% participating interest in four oil and gas blocks in the Kutai Basin of East Kalimantan.
IMF urges Pakistan to end fuel support scheme
The International Monetary Fund has told Pakistan to wind down its fuel support scheme, saying it is too expensive and covers too many people.
QatarEnergy joins Petrobras in Brazil’s Equatorial Margin push
QatarEnergy has secured a 30% stake in seven offshore exploration blocks in northeastern Brazil alongside state-controlled Petrobras, expanding its presence in the country’s oil and gas sector as the government opens new areas for exploration.
South Korea's lead over China in LNG carriers narrows
China has cut South Korea's lead in orders for large liquefied natural gas (LNG) carriers to fewer than 10 vessels this year.
Thailand oil block gives Malaysian Dialog longer-term upside, says MBSB
Malaysia's Dialog Group Bhd (Bursa Malaysia: DIALOG) is unlikely to book any near-term profit from a newly awarded onshore oil block in Thailand, although the asset could add to earnings over the longer run, MBSB Research said.
Reliance makes India top non-US buyer of Venezuelan oil
Reliance Industries (NSE: RELIANCE), the conglomerate controlled by Indian billionaire Mukesh Ambani, has become the largest purchaser of Venezuelan crude outside the US.
Laos to stockpile 60mn litres of fuel against shortages
Laos will keep fuel stocks at roughly 60mn litres or higher and urge importers to buy from several countries, Prime Minister Saleumxay Kommasith told lawmakers.
Valeura advances Thai offshore oil projects as output climbs
Canada's Valeura Energy reported average oil production of 22,100 barrels per day (bpd) from its offshore Thailand portfolio in the third quarter of this year.
Malaysia’s Petronas prepares appraisal drilling at major Megah oil discovery offshore Sabah
Malaysia's state-owned Petronas is preparing to drill an appraisal well at its major Megah oil discovery offshore Sabah, with Seadrill's West Capella drillship reportedly lined up for the campaign.
Singapore explores third LNG terminal and new gas-fired power capacity
Singapore is studying plans to develop a major new energy infrastructure hub on Pulau Tekong, potentially including a third LNG import terminal and hydrogen-ready gas-fired power plants.
Santos-backed GLNG seeks exemption for extended LNG contracts under Australian gas reservation scheme
The Santos-led Gladstone LNG project in Queensland is pressing the Australian government to protect existing LNG export contracts, including extension options, under its proposed domestic gas reservation scheme.
Tokyo Gas acquires AGP to expand LNG network in Indonesia
Japan's Tokyo Gas (TYO: 9531) has acquired all shares in PT AGP Indonesia Utama, a developer of liquefied natural gas (LNG) infrastructure, as it moves to set up an inter-island LNG supply chain in eastern Indonesia.
South Korea denies fuel exports to Russia cleared customs
South Korea said customs records show no exports of commercial petroleum products to Russia, rejecting reports that its ports had supplied diesel to the Russian Far East.
Bangladesh approves $3.3bn non-concessional loans for energy
Bangladesh has approved $3.3bn in non-concessional foreign borrowing to pay for fuel oil and liquefied natural gas (LNG) imports and to upgrade its electricity distribution network.
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