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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.
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Chinese long-term oil demand in question
China has propped up international oil prices in recent years, but it may lose the ability to do so in the not too distant future.
Petronas cuts staff numbers in Myanmar
Malaysia’s state-owned Petronas has reportedly been reducing the size of its team at the Yetagun offshore natural gas field in Myanmar as it prepares for its eventual shutdown in a few years.
ONGC puts out fire at Gujurat gas processing plant
India’s state-run Oil and Natural Gas Corp. (ONGC) has put out a fire at its natural gas processing plant in Gujurat State after the facility was rocked by three explosions.
PipeChina takes over Guangdong gas grid
State-owned pipeline operator PipeChina has signed an agreement with the Guangdong Provincial government to take over the local natural gas grid.
Indonesia secures contractor production commitments
Indonesia’s upstream watchdog has announced a new agreement with the country’s oil and gas contractors that aims to ensure the country’s long and short-term production targets are met.
India’s crude imports shrink in August
India’s crude oil imports shrank 23.4% year on year in August to 15.15mn tonnes (3.58mn barrels per day), according to government data published on September 21.
Senex signs new gas supply deal, expands acreage
Australian independent Senex Energy has signed a natural gas supply contract with a refinery near Queensland’s Gladstone Port.
Iran claims progress in persuading Korea to release $7bn of funds frozen under US pressure
NRG: Steps being taken in several directions
OVL ready to quit Sudan
With officials in Khartoum failing to meet financial obligations and the amount of oil involved remaining small, India's OVL has little reason to stay in Sudan.
Indonesia confident over 2030 production target
The Indonesian government remains confident that it can still achieve its target of producing 1mn barrels per day of oil by 2030, despite the ongoing challenges that the COVID-19 pandemic has created.
State Gas records “exponential” increase in CBM production
Australian junior State Gas has announced an “exponential” increase in coal-bed methane (CBM) at its wholly owned Reid’s Dome project in the Bowen Basin.
China seeks private investment in oil and gas
The Chinese government has reiterated its desire to see private sector oil and gas investment in the wake of its consolidation of midstream infrastructure earlier this year.
Australia unveils national gas strategy
The Australian government has announced a slew of natural gas-focused measures aimed at helping the economy to recover from the COVID-19 recession.
India loses long-running battle over Ravva field costs
India’s privately owned Vedanta and Videocon Industries have scored a major victory in their long-running dispute with the Indian government over the shallow-water Ravva oil and gas field.
Gas demand from Chinese generators could decline 17% by 2025
China’s gas-fired generating sector is struggling to stay afloat as the twin pressures of lower tariffs and the ongoing trade war could push demand for feedstock down by 17% by 2025.
Coal and gas to lose out to renewables by 2026 in Australia
Demand for coal and natural gas as generating fuels in Australia has peaked and is set to be overtaken by solar PV and onshore wind by 2026.
NRG: Ahead of the peak
A warning that oil demand will peak within a few years overshadows some of the positive news coming from oil producers in recent days.
BP warns of peak oil demand just around the corner
Restart troubles for Australian LNG facilities
Attempts to restart Prelude FLNG and the second train at Gorgon are running into obstacles and taking longer than initially expected.
Reduced LNG demand drives project delays
Investors are widely expected to delay sanctioning new LNG export capacity on the back of depressed demand and an uncertain economic outlook.
Australia pursues hydrogen ambitions
Sinopec awards long-term LNG supply contract to Qatargas
China’s state-run Sinopec has reportedly awarded a long-term liquefied natural gas (LNG) supply contract to Qatargas for 1mn tonnes per year of the super-chilled fuel.
RIL plans O2C spin-off
Indian conglomerate Reliance Industries Ltd (RIL) has revealed details of its plan to spin off its oil-to-chemicals (O2C) assets, ahead of a planned stake sale.
SapuraOMV ramps up output from gas field offshore Malaysia
SapuraOMV Upstream has “stabilised” production from the Bakong natural gas field offshore Malaysia, after bringing the asset on stream in June.
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