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)

Oil prices jump 5% after Biden comments on potential Israel-Iran escalation

3 October 2024

Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.

Kazakhstan eyes higher gas exports to China

3 October 2024

Kazakhstan wants to boost gas production, but in the nearer term, imports from Russia could help support greater exports to China.

Australia places faith in gas and CCS

2 October 2024

The Future Gas Strategy is pragmatic, recognising that role that natural gas will play throughout the energy transition, and stressing the need for carbon capture and storage (CCS) to abate its emissions.

Excelerate strikes deal with PetroVietnam on FSRU solutions

2 October 2024

New York-listed Excelerate Energy has signed an agreement with Vietnam’s state oil and gas company PetroVietnam on exploring technical solutions involving FSRUs for importing LNG into the Asian country.

Data centre surge in Singapore reflected in increased imports of LNG

2 October 2024

Singapore is set to experience a short-term rise in demand for LNG, in part driven by the recent artificial intelligence boom and the resulting expansion of data centres

MISC signs deal with Samsung Heavy for LNG carriers, Petronas inks charter agreements

2 October 2024

MISC Bhd has secured a shipbuilding contract with Samsung Heavy Industries Co Ltd to construct two new liquefied natural gas (LNG) carriers, set for delivery in 2027

New Delhi to snub gas from sanctioned Russian Arctic project

1 October 2024

The Indian oil secretary has said New Delhi will not make any LNG purchases from the sanctioned Russian Arctic LNG 2 project.

Chinese deal with ExxonMobil sees new LNG terminal in Guangdong open its doors

1 October 2024

China’s Guangdong Energy Group is to start full operations this week at the nation’s latest LNG terminal.

Japanese LNG inventories fall to five-month low amid heatwave

1 October 2024

Japan’s storage facilities of LNG have been decimated as hotter-than-usual weather has led the East Asian country to expend a significant amount of LNG from its caverns.

TotalEnergies signs seven-year LNG supply deal with South Korea’s Hyundai Chemical

1 October 2024

French supermajor TotalEnergies has revealed that it has signed a heads of agreement with South Korea’s Hyundai Chemical that will see the French firm supply 200,000 tonnes per year of LNG for a seven-year period.

Lim family agrees to $3.5bn settlement in Hin Leong liquidation case

1 October 2024

In a significant resolution, Lim Oon Kuin, founder of the now-collapsed oil trading company Hin Leong, along with his children Evan Lim Chee Meng and Lim Huey Ching, has committed to paying $3.5bn to the company’s liquidators

ICRA sees room for fuel price cut amid improved margins for Indian oil marketing firms

27 September 2024

Rating agency ICRA, on September 26, stated that the recent decline in international crude oil prices has led to an improvement in the marketing margins on retail sales of auto fuels for Indian oil marketing companies (OMCs).

Petronas secures third oil and gas exploration concession in Abu Dhabi's onshore block 2

27 September 2024

Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) has granted Malaysia’s Petroliam Nasional Berhad (Petronas) a new oil and gas exploration concession in Onshore Block 2, located in the Al Dhafra region.

OGDCL discovers gas in Pakistan's Sindh

27 September 2024

Pakistan's Oil and Gas Development Company Limited (OGDCL) announced on September 25 the successful discovery of hydrocarbons at the Akhiro-1 exploratory well in Khairpur, Sindh.

Malaysian oil & gas service Keyfield International secures $31.4mn contract from Petronas Carigali

26 September 2024

Oil and gas services firm Keyfield International Bhd has secured eight work orders valued at MYR130.3mn ($31.4mn) from Petronas Carigali Sdn Bhd.

Petronas not to take legal action against Sarawak

25 September 2024

Malaysia’s national gas company Petronas has clarified it is not considering legal action against the Sarawak state or its local government-run gas firm Petros.

BP eyes increased role in India

25 September 2024

UK oil major BP announced on September 25 that it is holding a board meeting in India this week as it looks for further investment opportunities in the country.

Petrobras, India explore energy links

25 September 2024

Petrobras CEO Magda Chambriard met with India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, to discuss potential cooperation between the Brazilian state-owned company and Indian firms in the energy sector.

CNOOC brings on stream the second stage of the offshore oil project

25 September 2024

China’s state offshore oil producer CNOOC has launched production from a second development stage at the Liuhua 11-1/4-1 oil project in the east of the South China Sea.

Pakistan's OGDCL, CNPC Chuanqing Drilling Engineering Company sign MoU

25 September 2024

During the 8th Silk Road International Expo for Investment and Trade forum in Xi'an, Pakistan’s flagship exploration and production (E&P) company, OGDCL, signed a memorandum of understanding (MoU) with CNPC Chuanqing Drilling Engineering Company.

The TotalEnergies - Papua LNG saga; FID now set for 2025

25 September 2024

In 2019 Total, along with its partners ExxonMobil and Oil Search, signed off on a gas agreement with the Independent State of Papua New Guinea. The accord at the time laid out the fiscal framework for the highly anticipated Papua LNG project

BP’s Pan American targets Asian buyers for Argentina project

24 September 2024

BP’s Pan American Energy will aim to sign supply contracts with Asian buyers from its floating LNG project, the company’s vice president Rodolfo Freyre told an audience at the annual Gastech conference in Houston.

TotalEnergies extends SPA with CNOOC, guarantees delivery of 1.25mn tpy

24 September 2024

TotalEnergies has extended its sales and purchase agreement with China’s CNOOC for an additional five years, ensuring the delivery of 1.25mn tonnes of LNG per year until at least 2034.

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Edited by

Andrew Kemp

Editor

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