AsianOil - Asia Oil & Gas

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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)

Russia's ESPO oil transport costs to China triple in wake of Biden sanctions

20 January 2025

The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.

Vietnam, Denmark review energy partnership progress, set 2025-2026 goals

20 January 2025

The fourth Steering Committee meeting for the Denmark-Vietnam Energy Partnership Program (DEPP3) was held to review 2024 achievements and outline plans for 2025-2026

Indonesia explores Russian oil imports after joining BRICS

17 January 2025

Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia

Singapore's fuel oil inventories stay elevated despite weekly dip

17 January 2025

Singapore’s onshore fuel oil storage volumes saw a slight decline last week but remained above average levels for the fifth consecutive week, according to Enterprise Singapore data released on January 15

Kuwait Petroleum and Saudi Aramco battle for dominance in Pakistan’s oil market

17 January 2025

Pakistan’s oil market is witnessing a fierce competition between two Gulf oil giants, Kuwait Petroleum Corporation (KPC) and Saudi Aramco’s trading arm, Aramco Trading, as they battle for supremacy in the country’s domestic sector

India's LNG imports climb 18.2% in December

17 January 2025

India’s liquefied natural gas (LNG) imports rose to 3.02bn cubic metres (bcm) in December, marking an 18.2% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas

International Islamic Trade Finance Corporation to provide $2.75bn financing to Bangladesh

16 January 2025

The International Islamic Trade Finance Corporation (ITFC), headquartered in Jeddah, will provide Bangladesh with $2.75bn in annual financing to support the energy and agriculture sectors

US Department of Energy predicts 8% slide in Brent price in 2025

15 January 2025

The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.

BRICS membership opens the door to Russian crude for Indonesia

15 January 2025

Indonesia's recent inclusion in the BRICS economic bloc is poised to deliver potential benefits, particularly in addressing the country's trade deficit in the oil and gas sector.

Dhaka issues new tender for spot LNG cargo imports

15 January 2025

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a new tender and re-issued another to procure two spot LNG cargoes, scheduled for delivery during the windows of February 13-14 and February 6-7 respectively.

OGDCL to develop 10 unconventional gas wells in Pakistan

15 January 2025

The Oil and Gas Development Company Limited (OGDCL) has launched an ambitious initiative to develop 10 unconventional wells targeting shale and tight gas in Pakistan

Oil refiners in India stop dealing with US-sanctioned vessels and entities

15 January 2025

Indian refiners have ceased dealings with US-sanctioned vessels and entities but anticipate no immediate disruption to Russian crude supplies during the two-month wind-down period

Indonesia’s oil company Pertamina subsidiaries strengthen global reach with refinery product agreement

14 January 2025

Two subsidiaries of Pertamina, PT Kilang Pertamina Internasional (KPI) and Pertamina International Marketing & Distribution (PIMD), have formalised a master sales & purchase agreement (MPSA) to enhance the global distribution of environment.

Centre of Energy and Resources Indonesia threatens legal action over oil and gas content violations

14 January 2025

The Centre of Energy and Resources Indonesia (CERI), led by executive director Yusri Usman, is considering legal action against stakeholders in the oil and gas sector for alleged non-compliance with regulations mandating the use of local content.

Valeura ramps up drilling off Thailand in growth push

14 January 2025

Canadian operator Valeura Energy announced plans on January 8 to increase drilling operations in the Gulf of Thailand, focusing on its Jasmine, Nong Yao, and Wassana oil fields as part of its 2025 strategy.

Abu Dhabi's NMDC bags $1.14bn contract to build gas pipes off Taiwan

14 January 2025

Abu Dhabi-based NMDC Group has secured a $1.14bn contract from Taiwan Power Co. (Taipower) to design and install offshore gas pipelines along Taiwan’s western coast.

FPSO operator Yinson secures $1bn in pre-IPO capital

14 January 2025

Singapore-based FPSO vessel operator Yinson Production has signed a definitive agreement with a consortium of global investment firms to secure $1bn in pre-IPO growth capital.

BP to boost recovery at top Indian oil and gas field

14 January 2025

BP has committed to boosting oil production by 44% and gas output by 89% from India’s largest offshore field under a decade-long contract.

Tamboran achieves drilling milestone at Shenandoah South in Australia's Beetaloo basin

14 January 2025

Sydney-listed Tamboran Resources has successfully drilled the Shenandoah South 3H well in its Beetaloo Basin exploration permit.

Vietnam’s PM calls for operational LNG power plants by June

14 January 2025

In recent months Vietnam has faced a number of delays in the development of its LNG projects, prompting Prime Minister Pham Minh Chinh to call for accelerated efforts to bring these initiatives into commercial operation.

US sanctions on Russian oil force China and India to seek alternatives

14 January 2025

Chinese and Indian refiners are set to increase purchases from the Middle East, Africa and the Americas due to new US sanctions targeting Russian oil producers and tankers

Australia’s ACCC reports future domestic gas supply faces decline, urges more investment

13 January 2025

Despite its thriving gas industry and huge gas resources, Australia’s consumer watchdog has reported that the populated east coast could be facing gas shortages later this decade.

Oil up as China, India set to feel effects of US sanctions on Russia

13 January 2025

Oil prices have risen for a third straight session as the price of Brent surpassed $81 per barrel on October 13. This is its highest level in over four months.

Malaysia and Japan strengthen energy and regional cooperation

13 January 2025

Malaysia and Japan have announced a collaboration on green energy initiatives, focusing on carbon capture and hydrogen technology, as part of Tokyo's efforts to expand its influence in Southeast Asia amidst China's growing economic dominance

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Edited by

Andrew Kemp

Editor

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