AsianOil - Asia Oil & Gas
Myanmar and Thailand discuss boosting gas production and pipeline exports
Myanmar and Thailand are exploring opportunities to increase natural gas production from existing offshore fields and expand cross-border pipeline utilisation.
Timor-Leste extends Chuditch gas licence as Sunda faces loss of operatorship
Timor-Leste has granted UK-based Sunda Energy a 12-month extension to its Chuditch gas exploration licence.
Lion Energy targets November spud for Indonesian oil exploration well
Australia's Lion Energy has begun transporting a drilling rig to Indonesia's Seram Island ahead of a planned November exploration campaign targeting an estimated 12mn barrels of oil.
Australia's Woodside revenue jumps 27% on stronger LNG prices despite lower production
Australia's Woodside Energy reported a 27% year-on-year increase in third-quarter operating revenue to $4.28bn, benefiting from sharply higher LNG prices despite a decline in overall production.
Asian refiners turn to smaller tankers as crude shipping costs soar
Asian oil refiners are increasingly turning to smaller tankers, long-term charter agreements and delivered crude purchases to contain costs as freight rates hover near record highs following disruptions to shipping through the Strait of Hormuz.
Pakistan reviews gas market reform as debt mounts
Pakistan's government has reviewed plans to restructure and deregulate its gas sector after circular debt in the industry rose above PKR3.6 trillion ($12.9bn).
Pakistan to import 18 LNG cargoes for winter gas gap
Pakistan will import 18 cargoes of liquefied natural gas (LNG) between November and February to cover winter demand.
Rubio presses India to buy more US, Venezuelan oil
US Secretary of State Marco Rubio has urged India to increase its purchases of crude oil from the United States and Venezuela, seeking to strengthen energy ties with New Delhi amid strained bilateral relations.
Analyst warns of pressure on Russian oil exports and predicts global oil surplus by 2028
Russia faces mounting energy risks from Ukrainian attacks, dependence on Chinese influence and the prospect of a global oil surplus, while Ukraine prepares for a difficult winter, says analyst.
Singapore partners with CMA CGM to develop bio-LNG marine fuel supply
Singapore's Maritime and Port Authority, French shipping group CMA CGM and Singapore LNG Corporation have signed an agreement to explore the use of liquefied biomethane.
Datacor acquires Singapore's MySep to expand oil and gas engineering software portfolio
US engineering software provider Datacor has acquired Singapore-based MySep, a developer of process separator simulation technology used in oil and gas production, LNG processing and refining.
Bangladesh faces costly winter gas bill as Qatar shortfall drags on
Bangladesh's gas crisis is turning from a summer emergency into an expensive winter bill, with Qatar unable to say when its LNG will flow again.
Singapore, Qatar renew LNG pact, deepen ties
During a visit to Doha by Prime Minister Lawrence Wong, Singapore and Qatar extended their pact covering cooperation on low-carbon technology and liquefied natural gas (LNG).
Pakistan's OGDCL to lift drilling as Iran war strains supplies
Pakistan's Oil and Gas Development Company Limited (PSX: OGDC) will raise its drilling activity by 65% this fiscal year, aiming for 33 wells to lift domestic output as the US-Iran war strains the country's fuel supplies.
Petrovietnam to trim Vietnam refiner BSR stake by 2027
Petrovietnam (PVN) expects to finish selling down its holding in Binh Son Refining and Petrochemical (BSR), the operator of Vietnam's Dung Quat Refinery, by March 11, 2027
India cuts diesel export duty as global fuel market tightens
India has nearly halved its diesel export duty as global fuel supplies remain constrained by disruptions in the Middle East and Russia, potentially improving the competitiveness of Indian refiners in international markets.
Australia’s Finder secures drilling rig for Timor-Leste oil project
Australia's Finder Energy has secured a drilling rig for its Kuda Tasi and Jahal (KTJ) oil development offshore Timor-Leste.
India approves LNG terminal capacity booking platform to boost utilisation
India's Petroleum and Natural Gas Regulatory Board has approved the creation of a centralised platform for booking unused LNG import terminal capacity.
Japan’s JERA increases indirect stake in Australia's Wheatstone LNG project
Japan's JERA has increased its indirect participation in Australia's Wheatstone LNG project after acquiring a 42.08% stake in Pan Pacific Energy from the Japan Organization for Metals and Energy Security.
India's MRPL nearly triples quarterly profit despite lower refinery throughput
India's Mangalore Refinery and Petrochemicals has reported a nearly threefold increase in quarterly net profit, benefiting from stronger refining earnings despite a decline in crude processing volumes.
Indonesia opens West Java LPG plant to reduce import dependence
Indonesia has inaugurated a new LPG processing plant in West Java as part of efforts to strengthen domestic supplies and reduce the country's heavy reliance on imports.
Singapore, Indonesia, Malaysia hold joint oil spill drill
Singapore, Indonesia and Malaysia held a joint drill simulating an oil spill that spread from Singapore waters to the Indonesian and Malaysian coastlines.
Malaysia's Petronas, Vietnam's Petrovietnam sign energy alliance
Malaysian energy group PETRONAS and Vietnam National Industry-Energy Group (Petrovietnam) have signed an alliance agreement covering cooperation from oil and gas exploration to low-carbon projects.
Malaysia probes Selangor petrol stations over water-tainted fuel
Malaysian authorities are examining seven petrol stations in Selangor after drivers reported that RON95 fuel suspected of containing water had damaged their engines.
Philippines and US explore oil reserves and nuclear energy ties
The Philippines is turning to the United States for help in building emergency oil stockpiles and developing nuclear power after the two countries' energy chiefs met in Washington.
LNGPH plans $95mn third onshore LNG tank in Philippines
LNGPH, the gas venture backed by Philippine tycoons Manuel V. Pangilinan, Sabin Aboitiz and Ramon Ang, plans to spend about PHP6bn (around $95mn) to add a third onshore LNG storage tank.
South Korea maintains diesel export restrictions amid refiner pressure
South Korea's government is holding firm on restrictions on petroleum product exports that have been in force since March, rejecting calls from refiners to ease them.
Oil India re-enters coal bed methane exploration in Singrauli
State-run Oil India Limited (NSE: OIL) has signed a revenue-sharing contract for a special coal bed methane (CBM) block in the Singrauli Coalfield region.
India's crude oil import bill surges 46% in September
India's spending on crude oil imports rose 46% year on year to $15.4bn in September, even though volumes grew by only 7%.
Russia expects Power of Siberia gas exports to China to reach 39 bcm in 2026
Russia expects to deliver 39 bcm of natural gas to China through the Power of Siberia pipeline in 2026.
Russia, Indonesia discuss Northern Sea Route trial voyage in 2027
Russia and Indonesia are discussing a pilot shipment along the Northern Sea Route (NSR) in 2027, as Moscow seeks to attract more Asian cargoes to the Arctic shipping corridor.
Trump puts sweeping Russia sanctions on hold as energy crisis takes priority
Trump has suspended sweeping new sanctions against Russia as soaring energy prices increasingly take precedence over efforts to pressure Moscow.
Greenpeace protest halts work at Australia's Scarborough gas project
Australia’s Woodside Energy has suspended activities at a floating production unit serving its $12.5bn Scarborough gas project off Western Australia after four Greenpeace activists occupied the facility.
China buys half of Brazil's oil exports as Hormuz closure lifts trade
China bought half of Brazil's oil exports as the war on Iran shut the Strait of Hormuz, helping push Brazilian sales to the Asian country to a record in the first nine months of the year, according to a report by the Brazil-China Business Council.
Malaysia cuts non-subsidised petrol, diesel prices
Malaysia has lowered retail prices for non-subsidised petrol and diesel for the week of October 15 to 21.
Pertamina ships extra fuel to ease Bali shortage
Indonesian state fuel distributor Pertamina Patra Niaga is shipping an additional 57.9mn litres of fuel to Bali and keeping more petrol stations open around the clock to restore disrupted supply on the island.
Pakistan updates IMF on fuel subsidies at Bangkok meeting
Pakistan's Finance Minister Muhammad Aurangzeb told International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke about the country's fuel subsidy plans during a meeting in Bangkok.
Essar Oil & Gas wins five CBM blocks in India
Essar Oil & Gas has secured five new coal bed methane (CBM) blocks in India, adding about 1,281 sq km of acreage across West Bengal, Madhya Pradesh and Telangana, parent company Essar Group announced on October 15.
Cambodia’s fuel import bill exceeds $2.5bn in nine months
Cambodia spent more than $2.5bn on fuel imports in the first nine months of 2026, driven by sharp increases in diesel and petrol purchases.
TotalEnergies maintains Cambodia investment plans amid energy security risks
The French energy company remains optimistic about Cambodia’s long-term economic prospects and intends to invest further in logistics infrastructure, according to its country managing director, Yuan Liu.
Laos to stockpile 60mn litres of fuel reserves
Laos will hold fuel reserves of at least 60mn litres and push importers to buy from more countries to reduce the risk of shortages, Prime Minister Saleumxay Kommasith told lawmakers.
Thailand's EV incentives squeeze Japanese carmakers' market share
Japanese carmakers including Toyota (7203) and Honda (TYO:7267) are losing ground in Thailand as tax breaks and subsidies for electric vehicles push buyers towards cheaper Chinese imports.
Tokyo crude futures hit record amid Saudi Arabia-Iran clashes
The benchmark Dubai crude oil futures contract on the Tokyo Commodity Exchange climbed to an all-time high, breaking a record that had stood for 18 years and three months.
Vedanta Oil and Gas turns to chemical EOR in India's Rajasthan
Vedanta Oil and Gas plans to use a chemical oil recovery technique at its Mangala cluster in Rajasthan to halt a fall in crude output.
Technip Energies to build HPCL Mumbai refinery lube units
Hindustan Petroleum Corp. Ltd. (NSE: HINDPETRO) has hired France's Technip Energies (EPA: TE) to engineer, procure and build two major units at its 9.5mn-tonne-per-year Mumbai refinery in India's Maharashtra state
Pakistan, US discuss energy imports and trade deal
Pakistan's finance minister discussed increasing US energy purchases and progress on a bilateral trade agreement with a US State Department official.
Singapore to trial first ethanol bunkering at key terminal
PSA's Pasir Panjang Terminal will host Singapore's first-ever ethanol bunkering
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