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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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Downstream impact
NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.
AsianOil: Chinese refinery throughput down amid lockdowns
Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.
Inpex raises profit forecast
Japan’s Inpex has raised its net profit forecast for 2022 and kicked off new exploratory drilling over the past week.
IEC strikes oil at latest well in Indonesia’s Kruh block
Indonesia Energy Corp. (IEC) announced on May 11 that it had discovered oil at the latest well it has drilled in the Kruh block on Indonesia’s Sumatra Island.
Chevron, ExxonMobil sign separate deals with Pertamina on low-carbon opportunities
Super-majors Chevron and ExxonMobil said in separate announcements this week that they had signed agreements with state-owned Pertamina to explore low-carbon opportunities in Indonesia.
Australia’s LNG export revenue up 95% y/y in April
Australia’s LNG export revenue of AUD5.5bn ($3.8bn) in April represented a 95% year-on-year increase, consultancy EnergyQuest has said in its latest monthly Australian LNG report, released on May 13.
SK E&S invests in US CCS project
Summit Carbon Solutions’ carbon capture and storage (CCS) project in North Dakota received a boost this week on the announcement that South Korean power utility and gas provider SK E&S would invest $110mn in the scheme.
Venture Global announces offtake agreements with ExxonMobil, Petronas
US-based Venture Global LNG announced this week that it had struck separate sale and purchase agreements with ExxonMobil LNG Asia-Pacific and Malaysia’s Petronas.
Japan agrees to G7 ban of Russian oil imports
India lapping up discounted Russian LNG
Chinese yards to stop work on modules for Arctic LNG 2
Chinese yards are reportedly set to halt work on modules for the Novatek-led Arctic LNG 2 project in Russia by the end of May.
AsianOil: Chinese yards to stop work on modules for Arctic LNG 2
Chinese yards are reportedly set to halt work on modules for the Novatek-led Arctic LNG 2 project in Russia by the end of May.
Origin’s revenue from APLNG rises 78%
Australia’s Origin Energy said on April 29 that revenue from its stake in the Australia Pacific LNG (APLNG) project had risen 78% year on year in the quarter up to March 31.
Sacgasco, PSA form Philippines production alliance
Australia-based Sacgasco announced this week that it had formed an alliance with Production Solutions Asia (PSA) covering extended well testing and early production systems in the Palawan Basin offshore the Philippines.
Mitsui writes down value of Russian LNG investments
Japan’s Mitsui & Co. said this week that it had written down the value of its investments in two Russian LNG projects by a combined JPY80.6bn ($617mn).
Indian refiners eye Brazilian crude, but few large-scale term supply deals are likely
Indian refiners are considering buying more Brazilian crude, but few large-scale term supply deals are likely.
CNOOC lead China’s rush of orders for LNG tankers
Japan’s NYK has ordered six new 170,000 cubic metre gas carriers from CSSC Hudong-Zhonghua Shipbuilding for charter to CNOOC, as China continues to raise its LNG export capabilities.
India reportedly angling for steep discount on Russian oil
India is reportedly putting pressure on Russia to lower the price of its crude oil to make up for the extra challenges that buyers have encountered in the wake of the invasion of Ukraine in late February.
AsianOil: Indian refiners reportedly negotiating oil import deal with Russia
Indian refiners are reportedly in talks over a six-month deal to import oil from Russia, while separate reports suggest the two sides are exploring alternative payment mechanisms.
India seen increasingly pivoting to Russia
India appears to be increasingly turning to Russia to procure oil, even as other countries step up sanctions against Moscow.
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