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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)
Tokyo Gas invests $25mn in global carbon credit fund
Japanese gas firm Tokyo Gas announced on September 2 it would invest up to $25mn in Climate Asset Management's nature-based carbon fund.
Mexico Pacific secures 20-year LNG supply deal with South Korea’s POSCO
Mexico Pacific has sealed a 20-year supply deal with South Korean industrial giant POSCO to sell the company 0.7mn tonnes per year of LNG.
Analysts lower oil price outlooks: China largely to blame
Oil industry analysts have lowered their 2024 oil price outlooks on the back of continued weak fuel demand from China as well as rising inventory levels
Black oil lumps Mar Nha Trang coastline
AsianOil: Papua LNG FID expected to be delayed until late 2025
India's ethanol blending surges to 15% as government targets 20% by 2025
India's ethanol blending percentage has seen a significant rise, increasing from 1.53% in 2014 to 15% in 2024, according to Hardeep Singh Puri, the Minister for Petroleum & Natural Gas, who made the announcement on September 2.
China’s imports of Iranian crude surge to 11-year high in August
China’s imports of Iranian oil last month hit a record high of 1.75mn barrels per day in 11 years, the latest data from Belgian analytics group Kpler suggests.
Indonesian energy minister sets oil and gas production targets for 2025
The Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, announced that the oil lifting target in the 2025 State Budget Plan (RAPBN) is set at approximately 600,000 barrels per day
Kyrgyz oil refinery reopened after five-year hiatus, modernisation
China claims accident caused damage to Baltic Sea gas pipeline
Finland and Estonia are continuing their investigation into serious damage that occurred in October 2023 to their jointly-operated Balticconnector gas pipeline that rests on the floor of the Baltic Sea.
Swiss court convicts Saudi oil firm executives in $1.8bn 1MDB fraud case
Switzerland's federal criminal court on Wednesday, 28 August convicted two top managers of PetroSaudi, a Saudi oil company, for fraud and money laundering in a scheme that siphoned at least $1.8bn from Malaysia's 1MDB state investment fund.
Indonesia aims to reduce oil imports through technological optimisation and exploration in Eastern regions
The Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, revealed that throughout 2023, there was a significant difference in Indonesia's oil balance between domestic production and national oil imports.
NNPCL exports LNG to Japan, China
The Nigeria National Petroleum Company Ltd (NNPCL) has revealed that it is in the process of exporting liquefied natural gas to China and Japan, with company spokesman Olufemi Soneye disclosing the information on August 26.
Papua LNG FID expected to be delayed until late 2025
The planned Papua LNG project in Papua New Guinea has suffered another delay, with joint partner Santos announcing that a final investment decision on the project is expected to be pushed back until late 2025.
Amigo LNG signs 20-year supply deal with Malaysia’s E&H Energy
Amigo LNG, a subsidiary of LNG Alliance, Singapore, has reached a deal with E&H Energy of Malaysia to supply the firm with 3.6mn tonnes per year of LNG over a 20-year period.
Australia’s Ichthys LNG facility expected to restart Train 2 in October
Output at the liquefaction train at the company’s onshore facility in Darwin in Australia’s Northern Territory stopped on August 20. While conducting operational monitoring activities, production was paused for repairs after identifying an issue.
Woodside to take one train offline at North West Shelf LNG project
Woodside Energy will take one liquefaction train offline at its huge North West Shelf project.
Sinopec posts 2.6% rise in profits during first half of 2024, but the future is far from rosy
China Petroleum & Chemical Corp (Sinopec) has reported a 2.6% increase in net profit for the first half of the year, driven in large part by record oil and gas output
July sees India move past China on Russian oil-import rankings
Recent reports point to India having moved past China to become the largest buyer of Russian oil
Sri Lanka looks north to India’s Petronet LNG for power generation
Sri Lanka's Minister of Power and Energy, Kanchana Wijesekera, in conjunction with India's Deputy High Commissioner, Satyanjal Pandey, have signed a far-reaching MoU to aid in guaranteeing power production on the Indian Ocean island.
Indonesian Minister of Energy plans to limit subsidised fuel starting October 2024
Indonesia's Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, announced plans to impose restrictions on subsidised fuel starting October 1
Indonesia approves Eni development plan for Geng North and Gehen gas fields
Indonesian energy authorities have approved a plan for Eni to develop two gas fields that will create a new production hub. Jakarta is keen to see the fields develop before advances in the energy transition have an impact on gas markets.
Petronas sues South Sudan over blocked $1.25bn asset sale
Malaysian oil and gas company Petroliam Nasional Bhd. (Petronas) has initiated legal proceedings against South Sudan for allegedly obstructing the sale of its assets worth $1.25bn
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