AsianOil - Asia Oil & Gas

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Overview

AsianOil’s coverage ranges from established oil and gas producers such as Australia, Indonesia, Malaysia, Thailand and Vietnam to the region’s major refining hubs of India, Singapore, South Korea and Japan and countries in between.

Our editorial team is constantly looking for stories that cannot be found elsewhere amongst our competitors. We have interviewed leading industry figures and analysts, providing a unique and exclusive insight into the issues that matter. 

We also include “Country Profiles,” offering multi-dimensional analysis on individual regions, from the broad perspective of political and policy news, to on-the-ground information on projects and production via our network of journalists and contributors.

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Read a recent issue cover to cover (click the image below)

India’s Pachpadra / Barmer refinery a potential game-changer in the north

9 June 2023

The chief minister of the Indian state of Rajasthan, Ashok Gehlot, last week said the “Pachpadra Refinery is an ambitious project not only for Rajasthan but for the whole country,” referring to the combined refinery and petrochemical complex.

APAC oil and gas producers at risk of losing financing

9 June 2023

Oil and gas firms operating in the Asia-Pacific region are likely to encounter greater challenges in securing financing for their new projects, according to a recent study conducted by the Institute for Energy Economics and Financial Analysis (IEEFA)

Asia-Pacific-focused Jadestone seeks $85mn in financing

9 June 2023

Asia-Pacific-focused Jadestone Energy has announced its plan to secure a minimum of $85mn in financing, consisting of a $50mn equity fundraise and a $35mn standby working capital facility.

Chinese links to Iran raise eyebrows on oil markets

9 June 2023

Late May saw the authorities in China move to sign a number of new deals with Iran, seemingly ignoring US objections to Russia having done the same a week prior when Moscow signed 10 deals of its own related to Tehran’s oil and gas sectors.

ONGC plans $12bn investment in renewables, will go net-zero by 2038

8 June 2023

Oil and Natural Gas Corporation (ONGC) of India has announced that it will invest more than $12bn in renewable energy by 2030 with the intention of reaching its own net-zero target by 2038.

Taiwan’s Yang Ming turns to Hyundai for five LNG-fuelled vessels

8 June 2023

Leading Taiwanese shipping company Yang Ming has ordered five 15,500 tonne twenty-foot equivalent unit (TEU) LNG powered container ships from Hyundai Heavy Industries (HHI) in South Korea.

India’s LNG imports rise in May for third consecutive month

8 June 2023

Imports of LNG in India have risen in May for a third straight month, marking a sharp shift from years of weak demand for the super-chilled fuel. May’s total imports climbed to 2.7bn cubic metres.

JX Nippon acquires 2% stake from TotalEnergies for Papua New Guinea project

8 June 2023

JX Nippon Oil & Gas Exploration revealed on June 2 that it has agreed to purchase from TotalEnergies a 2.58% interest in the PRL15 licence in the Gulf Province onshore Papua New Guinea, Offshore Technology reports.

Australia tweaks taxation to secure more from LNG sector

8 June 2023

The Australian government has implemented changes to the Petroleum Resource Rent Tax (PRRT) that limit the extent to which taxable profits can be offset by deductions based on initial capital expenditure, causing mixed reactions.

Chevron produces first gas from Gorgon LNG Stage Two in Australia

8 June 2023

Chevron and its partners in the Gorgon LNG project revealed on June 6 that the production of first gas has occurred from the Gorgon Stage Two development off the coast of Western Australia, LNG Prime reports.

Indonesian Energy Minister: Pertamina to acquire Shell’s stake in Masela LNG

7 June 2023

Indonesian state energy company Pertamina will take over Shell’s 35% stake in the Masela LNG project, Reuters reported on June 5 citing the country’s energy minister, Arifin Tasrif.

Indian, Chinese oil imports from Russia reach new height in May

7 June 2023

Intake of Russian oil by China and India soared to a new height in May, as buyers continued to take advantage of discounted cargoes, while the two countries cut back on imports from the Middle East and Africa.

Saudi cuts deeper as OPEC+ extends deal

5 June 2023

Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.

PANNIER: Precarious balancing act for ‘everybody’s friend’ Central Asia

2 June 2023

West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.

Russia stuck with $1bn of rupees per month on Indian trade

2 June 2023

Russia is accumulating up to $1bn per month in rupee assets stranded outside the country due to unresolved issues in the trade relationship with India, Bloomberg reports.

So long priced out of LNG markets, developing Asia is starting to make its mark

31 May 2023

Few energy watchers in Asia would have predicted that just over a year later Sri Lanka would be just one of an ever increasing number of developing economies turning to LNG to guarantee energy security in the years ahead.

Demand for oil in China continues to climb, records broken afresh

31 May 2023

Just weeks after China’s oil demand broke the 15mn barrel per day mark in March, it has now smashed through the 16mn bpd mark – an all-time high for the country and according to reports, around 387,000 bpd up on the same quarter last year.

Woodside: Gas release at Pluto LNG ‘not a major incident’

31 May 2023

A release of gas from the flare tower at the Pluto LNG project in Western Australia on May 26 was not a major incident, according to Woodside Petroleum, the operator of the Pluto project, Upstream reports.

Philippines faces power price hikes as companies switch to LNG

31 May 2023

Filipino consumers are expected to face rising electricity costs as power companies begin to switch from natural gas drawn from the Malampaya gas field to imported LNG, which will subject the country to the vagaries of the international market.

QatarEnergy to sign 15-year LNG supply agreement with Bangladesh

31 May 2023

State-owned petroleum company QatarEnergy will sign a long-term deal to supply LNG to Bangladesh’s Petrobangla, Nath Sarker Petrobangla’s Chairman told Reuters on May 30.

Gorgon CCS operating at one-third capacity, says Chevron Australia

30 May 2023

One of the world’s largest carbon capture and storage facilities, Chevron’s Gorgon CCS project on Barrow Island off the north-western coast of Western Australia, is falling far below the performance that was promised.

Kazakhstan looks to China to diversify oil export routes

30 May 2023

Kazakhstan is continuing its push to diversify its oil export routes, with its national oil company KazMunayGas (KMG) entering into talks with China’s CNPC on expanding two oil pipelines linking the two countries.

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Edited by

Andrew Kemp

Editor

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