AsianOil - Asia Oil & Gas

Vietnam's BSR posts nearly tenfold jump in quarterly profit

Binh Son Refining and Petrochemical JSC (BSR) reported a nearly tenfold surge in third-quarter net profit to VND8.97 trillion ($349.93mn), driven by rising global oil prices and stronger refining margins.

South Korea shifts LNG imports from Middle East to US

South Korea bought more liquefied natural gas (LNG) from the US than from the Middle East in the first nine months of the year, the first time North American supply has surpassed the Gulf region.

India's Reliance lifts refining, petrochemicals EBITDA by 67.9%

India's Reliance Industries (NSE: RELIANCE) reported a 67.9% annual rise in earnings from its oil-to-chemicals (O2C) business in the July to September quarter.

Cambodia's Royal Group LNG plant to start by 2026

Cambodian conglomerate Royal Group plans to bring the first half of its 900MW liquefied natural gas power station in Koh Kong province online by the end of 2026.

Taiwan's biggest coal plant turns to gas as renewables stall - IntelliNews Lambda

Taiwan is about to demolish the oldest coal units at Taichung and is replacing them with imported gas, as renewables stall at about 12% of power.

Indonesia bans third-country routing for energy exports

Indonesia has barred its natural resource exports from passing through third countries and now requires all such cargoes to sail directly from Indonesian ports to their final destinations.

Furnace oil, diesel drive 9.7% rise in Pakistan refinery sales

Sales of petroleum products by Pakistan's refineries climbed 9.7% year-on-year to 1.12mn tonnes in October 2026, brokerage Arif Habib Limited said.

India biogas sector secures $338mn in investment pledges

Investors committed more than INR32bn ($338mn) to India's biogas and compressed biogas (CBG) industry at the Renewable Energy India (REI) Expo 2026, the Indian Biogas Association (IBA) said.

Myanmar and Thailand explore Russian LNG imports through Dawei

Thailand and Myanmar's military rulers had discussed importing Russian liquefied natural gas (LNG) into Myanmar for both nations to share.

India's refiners cash in as the world runs short of diesel

India has become the diesel supplier of last resort, and Reliance's Jamnagar complex shipped more of the fuel in October than in any month for a year and a half.

Indonesia, India and Pakistan race to stockpile oil after Hormuz shock - McKinsey

Importers that entered the Hormuz crisis with empty tanks are racing to build oil stockpiles, but announced plans add only 7% to global crude stocks.

Indonesia's Pertamina eyes Nigerian oil assets as Jakarta prepares state-led crude procurement

Indonesia's national oil company Pertamina is considering Nigerian upstream assets as Jakarta begins shifting overseas energy procurement towards government-to-government arrangements

India's energy majors bank a war windfall

India's three biggest energy groups have just reported bumper quarterly profits, but the fuel margins behind the largest slice of the windfall are already easing.

Singapore rebuts Indonesia over LNG resale claims

Liquefied natural gas (LNG) handled by Singapore-based traders generally travels straight from producing countries to buyers without reaching Singapore, the city-state's Ministry of Energy, Trade and Industry (METI) said.

Vedanta aims to cut crude output costs in India's Rajasthan

Vedanta Oil & Gas wants to bring down crude extraction costs in Rajasthan to $10-13 per barrel, compared with $16.5 now.

Pakistan caps refinery margins after profits surge twentyfold

Pakistan's major oil refineries posted a nearly twentyfold increase in combined profit for the quarter ending in September.

OPEC+ holds December output steady as 2027 call looms

OPEC+ left December production targets unchanged on November 1, deferring any fresh policy move into next year as the group grapples with Iran war export disruptions

Iranian crude shipment arrives in China after 3.5-month voyage at sea

A tanker carrying 2mn barrels of Iranian crude oil has docked in China after spending three and a half months at sea, monitoring service TankerTrackers.com said.

The fragmented cost of energy - IntelliNews Lambda

European gas prices broke €100 per MWh on October 28 for the first time since 2022, with the tanks meant to carry the continent through winter only three-quarters full.

Indonesia squeezes Singapore as gas nationalism crosses a new line

Indonesia has started using its gas as a political lever against Singapore, first cutting pipeline deliveries and then questioning what the city state does with Indonesian LNG.

South Korea eases diesel curbs as Asia rethinks fuel security

South Korea will let its refiners export more diesel from November, as Asian governments ease wartime fuel controls only as far as their own supplies allow.

China set to lose world's largest LNG importer status to Japan as demand weakens

China is on course to lose its position as the world's largest LNG importer to Japan in 2026, as elevated international prices, stronger domestic gas production and expanding pipeline supplies undermine demand for seaborne imports.

Indonesia's gas security push threatens export ambitions

Indonesia is considering further restrictions on natural gas exports as it seeks to secure supplies for domestic power generation and industrial development.

Greater Sunrise faces new uncertainty as Timor-Leste searches for operator

Timor-Leste is seeking a new international operator for the long-delayed Greater Sunrise gas development following Woodside Energy's decision to withdraw.

China export U-turn sends Asian gasoline margins crashing

Asian gasoline refining margins have fallen almost 80% from their October peak after Beijing unexpectedly released more fuel export quotas, exposing the fragility of a market that had benefited from severe supply disruptions.

Abadi LNG secures domestic buyers but financing remains key obstacle

Indonesia's $21bn Abadi LNG development has secured new gas supply agreements with three domestic buyers, marking an important step towards commercialising the long-delayed project.

India's LNG import bill jumps 23% despite modest growth in volumes

India's LNG import bill rose by 23% year on year to $8.5bn during April–September 2026, as soaring international gas prices and disruptions to Middle Eastern supplies drove up costs despite only a modest increase in import volumes.

Eni starts Maha gas production offshore Indonesia, boosting supply to Bontang LNG

Italy's Eni has started natural gas production from the offshore Maha field in Indonesia's Kutei Basin, adding new supplies for domestic consumers and the Bontang LNG export complex as the country seeks to reverse declining gas output.

Reliance profit surges 41% as refining margins strengthen

India's Reliance Industries reported a 40.6% year-on-year increase in net profit to INR255.48bn during July–September, driven by stronger refining margins and higher petrochemical earnings amid global supply disruptions.

China's oil giants reap windfall as domestic fuel demand slumps

PetroChina and Sinopec have reported sharply higher profits despite falling refinery throughput and fuel sales, highlighting how elevated oil prices and stronger margins are masking structural weakness in China's petroleum market.

Origin's Australian LNG revenues surge 32% on higher prices

Bangladesh seeks more US LNG deals as Qatar supply crisis deepens

Bangladesh is negotiating additional long-term LNG supply agreements with US companies as it seeks to diversify imports and reduce its dependence on Middle Eastern suppliers following prolonged disruption to Qatari deliveries.

Indonesia plans new agency to accelerate upstream oil and gas investment

Indonesia plans to establish a new agency with sweeping authority over upstream oil and gas permitting, as the government seeks to attract foreign investment, accelerate exploration and reverse declining domestic production.

Australia’s Santos faces regulatory scrutiny over Barossa gas flaring

Australian energy producer Santos is facing renewed regulatory scrutiny over excessive gas flaring and fuel consumption at its $5.6bn Barossa LNG development.

Indonesia-focused Searah targets three Kutei Basin gas developments for start-up in 2028–29

Eni and Petronas joint venture Searah is targeting the start-up of three major gas developments in Indonesia's offshore Kutei Basin during 2028–2029, as the partners seek to substantially increase production and support LNG exports.

MedcoEnergi signs three gas supply agreements to strengthen Indonesia's domestic market

Indonesia's MedcoEnergi and its upstream partners have signed three natural gas supply agreements covering production from the Sakakemang, South Sumatera and Senoro-Toili blocks.

Profit at India’s GAIL more than doubles as gas marketing earnings surge

India's state-owned GAIL more than doubled its net profit in the July–September quarter, supported by stronger natural gas marketing revenues as domestic demand recovered from disruptions caused by the Middle East conflict.

Indonesia’s PGN reports 17% increase in nine-month profit as gas earnings improve

Indonesia's state-controlled gas distributor Perusahaan Gas Negara reported a 17.3% year-on-year increase in consolidated net profit to $397.3mn during the first nine months of 2026.

Malaysia's T7 Global wins three-year offshore contract from Petronas–Eni venture

Malaysia's T7 Global has secured a three-year contract to provide offshore hook-up and commissioning services for Searah, the oil joint venture between Petronas and Italy's Eni.

BP and Inpex prepare seismic surveys offshore Indonesia in November

BP and Japan's Inpex are preparing to launch seismic surveys offshore Bali in November as part of efforts to identify new oil and gas reserves in Indonesia.

Indonesian petchem firm Chandra Asri profits plunge despite 60% revenue growth

Indonesia's Chandra Asri Pacific reported a 76.1% year-on-year decline in net profit to $394.9mn during the first nine months of 2026, despite a sharp increase in revenue.

Indonesia considers more competitive fiscal incentives to attract upstream investors

Indonesia is considering more competitive fiscal incentives for oil and gas producers as it seeks to attract international investment and reverse declining domestic production.

Petronas, Chevron and TotalEnergies eye new Indonesian exploration opportunities

Malaysia's Petronas, US major Chevron and France's TotalEnergies are considering new oil and gas exploration partnerships in Indonesia, as Jakarta seeks to attract international investment into its upstream sector.

Singapore oil product inventories rise as distillate stocks recover

Singapore's onshore petroleum product inventories increased by 0.9% week on week to 38.49mn barrels in the week ending October 28, supported by higher gasoline, diesel and jet fuel stocks.

Indonesia's Pertamina Drilling seeks expansion opportunities in five ASEAN countries

Indonesia's Pertamina Drilling Services Indonesia is exploring opportunities to expand its oil and gas drilling operations into five Southeast Asian countries as part of efforts to diversify its business beyond its domestic market.

Gazprom advances eastern gas expansion

The Russian gas giant is nearing completion of major Arctic and Far Eastern projects, although its pivot towards Asia remains constrained by export capacity, commercial uncertainties and China's bargaining power.

Indonesia accuses Singapore of reselling LNG cargoes

Indonesia's top energy official has accused Singapore of selling part of the liquefied natural gas (LNG) it buys from Indonesia on to other countries.

Reliance's diesel exports hit 18-month high amid global supply crunch

Reliance Industries (NSE: RELIANCE) exported an estimated 541,000 barrels per day (kbd) of diesel in October 2026, its strongest monthly volume in 18 months.

Kobe Steel, Kirloskar Pneumatic eye India compressor partnership

Japan's Kobe Steel (TYO: 5406) has agreed to explore cooperation with Kirloskar Pneumatic Company Limited (NSE: KIRLPNU) in India's market for non-standard compressors.

Philippines sets gas auction price cap above PHP10 per kWh

The Philippines' Energy Regulatory Commission (ERC) expects the price ceiling for an upcoming auction of gas-fired power capacity to come in above PHP10 (about $0.17) per kilowatt-hour (kWh).

Indonesia's gas export cut to Singapore risks retaliation

Indonesia's move to reduce pipeline gas exports to Singapore and keep more supply at home could provoke Singaporean retaliation in investment and trade.

Indonesia tenders 60% of new oil, gas blocks

Indonesia has put 60% of 118 new oil and gas blocks out to tender, Energy and Mineral Resources Minister Bahlil Lahadalia said.

South Korea raises diesel export cap from November

South Korea will let refiners export more diesel from November, raising the ceiling to 110% of year-earlier volumes provided the home market stays well supplied.