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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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India cuts oil windfall tax by 12%
India slashed its windfall tax on domestic oil extraction by 12% to INR1,850 per tonne at the end of August, or $3 per barrel.
Japanese firms sees 3% climb in domestic, overseas output in 2023-24
Japanese companies’ combined oil and gas production – both domestic and overseas – climbed by nearly 3% in the fiscal year ending March 31.
Santos signs LNG supply deal with Glencore
Australian energy firm Santos has sealed an LNG supply deal with commodity trader Glencore.
China’s Sinopec begins operations at Huaying LNG import terminal
China’s state-run Sinopec has commenced operations at the firm’s first LNG import terminal in Chaozhou, southern Guangdong Province.
South Korea’s SK Earthon secures Ketapu Cluster PSC, enhancing upstream presence in East Malaysia
South Korea’s SK Earthon has been awarded the production sharing contract (PSC) for the Ketapu Cluster Discovered Resource Opportunities (DRO) offshore Sarawak, East Malaysia, marking an expansion of its upstream operations in the region
India and Brunei look into long-term LNG deals, but release no details
The world’s most populous nation and one of the smallest are looking at the possibility of increasing LNG shipments from Bandar Seri Begawan to New Delhi.
Iranian pump owners' union says fuel smuggling is systematic
The spokesperson for Iran's Fuel Stations Union said that 25mn litres of petrol were smuggled out of the country every single day in a wholesale and systematic way involving “hundreds of road tankers.”
Petronas engages in ongoing talks over Sarawak natural gas distribution
Petroliam Nasional Bhd (Petronas) has affirmed that it remains in active discussions with Sarawak authorities, the federal government, and Petroleum Sarawak Bhd (Petros) to find a mutually agreeable solution on the matter of natural gas distribution
Malaysia’s Coastal Contracts moves into Indonesian LNG infrastructure support
Malaysia's Coastal Contracts is making inroads into Indonesia's expanding LNG supply chain with the acquisition of a 49% stake in PT Jaya Samudra Karunia for $6.5mn.
Bangladesh relaunches LNG imports on international spot market
Bangladesh has resumed its imports of LNG on the spot market after a two-month hiatus. In doing so the interim government in Dhaka has imposed a new set of procurement rules designed to enhance transparency in the selection of suppliers.
Malaysian shipping company MISC's takeover of FPSO Kikeh sees marginal impact, analysts say
Malaysia-based international shipping company MISC Bhd’s recent acquisition of the remaining 49% equity interest in the FPSO Kikeh, offshore Sabah, is expected to have a marginal impact on earnings and valuations, according to analysts,
OPEC+ delays planned unwinding of cuts amid pressures
In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.
Heavyweights Saudi Aramco, Abu Dhabi National Oil Company join race to acquire Shell's downstream unit in South Africa
Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.
Bangladesh’s interim government to review power, energy deals from Awami League era
Bangladesh’s interim government is set to review all deals signed in the power and energy sector during previous Awami League administrations, according to a report.
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
China warns Malaysia to cease actions off Sarawak
Pertamina and Tanzania's TPDC sign MoU to strengthen oil and gas collaboration
PT Pertamina (Persero), through its subsidiary PT Pertamina International EP (PIEP), has signed a Memorandum of Understanding (MoU) with Tanzania Petroleum Development Corporation (TPDC) to enhance cooperation in the oil and gas sector
LNG tankers face delays at Malaysia’s Bintulu terminal amid maintenance disruptions
A significant number of liquefied natural gas tankers are currently delayed at Malaysia's Bintulu terminal due to recent production disruptions caused by maintenance and operational issues, according to industry insiders and ship-tracking data.
New Zealand looks at an about-turn on oil and gas exploration
On August 26, the New Zealand government declared an intent to reverse a long-standing ban on the search for oil and gas in the country.
Vires Energy cancels Batangas FSRU terminal
Vires Energy Corp, a subsidiary of Filippino businessman Walter Brown’s A. Brown Co., is dropping its notice to proceed for an LNG terminal planned for Batangas in the Philippines.
China's CNOOC earns record profit in H1
Chinese offshore oil and gas giant CNOOC reported a record profit for the first half of the year, driven by increased production and higher oil prices.
Malaysia's Sarawak state launches bidding round for CCUS
Petros, the state-owned energy firm of Malaysia’s Sarawak state, has launched an ambitious bidding round for carbon capture, utilisation and storage projects.
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