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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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Read a recent issue cover to cover (click the image below)
TotalEnergies signs seven-year LNG supply deal with South Korea’s Hyundai Chemical
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
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
AsianOil: BP eyes increased role in India
ICRA sees room for fuel price cut amid improved margins for Indian oil marketing firms
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
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
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
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
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
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
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
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.
Energy transition slows as global oil and gas industry refocuses on fossil fuels – report
Pakistan's OGDCL, CNPC Chuanqing Drilling Engineering Company sign MoU
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
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
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
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.
Resale of Aussie gas by Japanese buyers draws criticism
Shipments of Australian LNG, originally contracted for Japan, are being diverted to other countries such as Thailand, Taiwan and also Indonesia.
India to launch 10th OALP licensing round in early 2025
The bidding round will very likely include regions that were previously designated as ‘no go’ areas, where exploration and production were restricted due to strategic reasons.
Falling oil prices could save Pakistan $3-$3.5bn annually
Pakistan could potentially save between $3 and $3.5bn annually on energy imports due to declining oil prices.
Russia’s gas giant Gazprom and China expand Power Siberia supplies
Russian state-controlled natural gas giant Gazprom and China's CNPC on September 20 signed an additional agreement to the existing contract for gas supplies via the ‘eastern’ route of the Power of Siberia (Sila Sibiri) pipeline.
PANNIER: The great mirage that is the TAPI gas pipeline
With great fanfare, construction was for a second time launched in Afghanistan, but you’ll struggle to find any observer who thinks the project is going anywhere fast.
Nepal seeks Indonesian investment in hydropower sector during bilateral talks
Nepal is actively encouraging Indonesia to invest in its hydropower sector, a crucial component of the South Asian nation's energy landscape
Fuel prices set to rise: Philippines faces new adjustments amid global pressures
Starting on September 24, fuel prices in the Philippines are set for an increase, as major oil companies including Seaoil, CleanFuel, Petro Gazz, and Shell Pilipinas have announced adjustments in their per-litre costs.
Cambodia spends over $1.6bn on oil imports in first eight months of 2024
Cambodia’s imports of diesel fuel and petroleum oils reached $1.66bn in the first eight months of 2024, reflecting an 18% increase from the same period last year, the General Department of Customs and Excise reported on September 22
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