AsianOil - Asia Oil & Gas

Indonesia’s fuel shift sparks shortages at private retailers

Indonesia is facing temporary fuel shortages at private petrol stations after a large-scale shift in consumption from subsidised to non-subsidised fuel, Deputy Energy and Mineral Resources Minister Yuliot Tanjung said

Bangladesh secures 11 LNG cargos in August

Bangladesh imported 11 shipments of liquefied natural gas (LNG) in August to cope with rising domestic energy needs

Don't overstate the China-Russia gas deal

Russia, China and Mongolia have signed a memorandum on the long-discussed Power of Siberia 2 pipeline, but Beijing remains cautious about locking itself into major new supplies from Moscow.

Darwin LNG methane leak kept secret from public for 20 years

Santos’ Darwin LNG plant has been leaking methane for nearly 20 years.

Japan’s crude procurement sees a quiet shift in sources

In July, Japan witnessed a marked realignment in its crude-oil supply chain. Notably, Arab-sourced imports declined, accounting for just 87.6% of total imports, while the United States commanded a larger share, accounting for 9.4%.

Sri Lanka’s LNG ambitions hit a hurdle

According to ministry officials, the Sahasdanavi project should be operational by the end of 2027 and presidential instructions stipulate that it must be fully LNG-fuelled before the close of 2028.

Taiwan’s newest LNG regasification project moves forward

The facility, due to start operating in 2030, will be the second major assignment entrusted to CTCI at the same site the report adds.

Petronas–Petros pact signals new balance of power in Malaysia’s energy sector

Malaysia’s state oil company Petronas and Sarawak-owned Petros have struck a landmark framework agreement that could reshape the country’s energy landscape, marrying federal ambitions with the resource-rich state’s growing autonomy

Petronas profits slide 19% as oil prices weigh on revenue

Malaysia’s state energy company Petronas reported a sharp earnings decline in the first half of 2025 and warned that oil prices could remain under pressure, pledging to tighten operations and sharpen its portfolio to weather weaker markets

Chinese terminal accepts first LNG cargo from sanctioned Arctic LNG 2 plant

Russia’s huge Arctic LNG 2 plant has been unshackled, finally finding a buyer for its cargos after being unsuccessful last summer.

Zimbabwe-focused Australian firm Invictus Energy seals deal with Qatar's Al Mansour Holdings

Invictus Energy, which discovered huge natural gas deposits in Zimbabwe in 2023 has signed a binding memorandum of understanding and share subscription deal with a Qatari investment firm, Al Mansour Holdings Group

India set to boost Russian oil imports despite US tariffs

Indian imports of Russian oil are expected to increase in September as New Delhi presses ahead with purchases despite new US punitive tariffs

Singapore's Energy Drilling wraps up Gulf of Thailand campaign, extends MTJDA presence

Energy Drilling, the Singapore-based tender-assisted drilling provider and subsidiary of Cyprus-headquartered SED Energy Holdings, has completed a major drilling campaign in the Gulf of Thailand for Carigali-PTTEPI Operating Company (CPOC)

Shell Indonesia faces fuel shortages during retail exit transition

Shell Indonesia confirmed on August 27 that several of its petrol products are unavailable at multiple service stations, following limited supply just months after announcing its plan to leave the country’s retail fuel sector.

OIL and BPCL form joint venture for city gas network in India's Arunachal Pradesh

Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL), both state-owned enterprises, have finalised a joint venture to set up a city gas distribution network in the state of Arunachal Pradesh

OMV secures extension for Maari oilfield off New Zealand

OMV New Zealand, a subsidiary of Austria’s OMV, has received a 10-year extension of its petroleum mining permit covering the Maari oil field offshore New Zealand.

UK's EnQuest strikes Indonesian production-sharing deals

EnQuest announced this week it had signed production sharing contracts with its partners and the Indonesian government for the Gaea and Gaea II exploration blocks in Papua Barat.

OMV secures extension for Maari oilfield off New Zealand

OMV New Zealand, a subsidiary of Austria’s OMV, has received a 10-year extension of its petroleum mining permit covering the Maari oil field offshore New Zealand.

Australia's federal court upholds approval of Scarborough plan

Australia’s Federal Court upheld the offshore regulator’s approval of Woodside Energy’s environment plan for its $12bn Scarborough gas project last week.

Trump ratchets up pressure on India to ditch Russian oil

Reach Subsea scores job at Woodside's Scarborough project off Australia

Norwegian subsea services provider Reach Subsea said on August 26 ii had deployed its uncrewed surface vessel Reach Remote 2 to Australia.

Indian LNG imports drop 20% in July

India’s liquefied natural gas (LNG) imports dropped sharply in July 2025, reaching 2.95bn cubic metres (bcm), up 20.2% year-on-year, according to the latest provisional data from the Government of India.

ONGC begins gas sales from Chinnewala Tibba block in India's Rajasthan

Indian state-owned energy company Oil and Natural Gas Corporation Limited (ONGC) has kicked off gas sales from the Chinnewala Tibba gas block in the Rajasthan Kutch Onland Exploratory Asset (RKOEA), the company announced in a release.

OGT2025 conference and exhibition in Ashgabat gains momentum

Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.

India’s BPCL secures marketing rights as Mozambique LNG sets to resume construction

India’s state-run Bharat Petroleum Corporation Ltd has secured marketing rights from TotalEnergies’ long-delayed Mozambique LNG project.