AsianOil - Asia Oil & Gas

NorthAmOil: US elections could have impact on global LNG markets

US elections could have impact on global LNG markets

The US election is in its final few days, and Vice President Kamala Harris and ex-President Donand Trump have been in a razor-edge race. The vote, for the US president and much of Congress, is on November 5.

Sunda delays Chuditch-2 well off Timor-Leste

AIM-quoted upstream operator Sunda Energy, focused on gas assets in Southeast Asia, has postponed the start of drilling operations for the Chuditch-2 appraisal well off Timor-Leste to the second quarter of 2025.

Indonesia's Chandra Asri forecasts annual revenue boost from Shell Singapore acquisition

PT Chandra Asri Pacific Tbk. (TPIA) expects its recent acquisition of Shell Energy and Chemicals Park Singapore (SECP) to generate an additional annual revenue of approximately $8bn-$10bn, equivalent to IDR128 trillion-IDR200 trillion.

CNOOC enjoys record profit and production in 9M 2024

CNOOC achieved record-high profit and production in the first nine months of this year, the Chinese state offshore oil and gas operator reported on October 28.

AG&P buys take in Australian LNG import project developer

Singaporean firm AG&P LNG has reached an agreement to acquire Venice Energy, an Australian LNG import terminal developer operating the 2mn tonnes per year Outer Harbour LNG project in Adelaide, South Australia.

Aramco mulls Vietnamese downstream investments

Saudi Aramco is eager to invest in Vietnam's oil refinery and petroleum distribution sectors.

Indonesia looks to revive oil and gas industry with reforms and action

The new president of Indonesia, Prabowo Subianto, who was sworn in last week, has called for regulatory reforms and an intensified search for and development of new oil and gas resources in an effort to revive the country’s energy industry.

Malaysia's Petronas eyes expansion in Indonesia

Malaysian state energy giant Petronas has unveiled plans for an expansive growth strategy in Indonesia, targeting a new operations hub in East Java and exploratory investments in the resource-rich eastern regions.

Thailand’s B.Grimm Power on the hunt for LNG

Thailand’s B.Grimm Power, one of the nation’s leading energy companies, is actively pursuing both short-term and long-term supply agreements for LNG supplies to support its expanding energy demands

Terminal upgrade at LNG-to-power project in central Vietnam to accommodate 90,000 tonne vessels

Quang Tri Province in central Vietnam has been granted approval to develop a terminal capable of handling vessels of up to 90,000 tonnes to serve the LNG Hai Lang Power Centre (HLPC).

Singapore turns to Japan, Korea to increase LNG import capacity

Japan’s shipping giant Mitsui OSK Lines (MOL) has signed a long-term charter contract for a floating storage and regasification unit (FSRU) with Singapore LNG Corporation, the city-state's state-owned LNG terminal operator.

Sabah leads Malaysia in palm oil production

Pakistan's overall petroleum imports rise 15.74% in Q1FY25

Pakistan's overall petroleum imports rose by 15.74% in the first quarter (July–September) of the 2024-25 fiscal year, reaching $4.05bn, up from $3.5bn in the same period last year.

Pakistan asks Qatar to reschedule LNG cargoes to 2026

Pakistan has formally requested QatarEnergy to reschedule delivery of five LNG cargoes from 2025 to 2026 as the Asian country is experiencing a dip in demand for regasified LNG.

AsianOil: Oil, gas production in Pakistan down in 1Q 2024

Operating profits for Indian oil marketing companies to decline in FY25: Crisil

Operating profits for Indian oil marketing companies (OMCs) are expected to decline to $12–14 per barrel in fiscal 2025 from $20 per barrel last year, due to softening diesel spreads, diminishing discounts on Russian crude and inventory losses.

Urgent need for swift talks with Cambodia on joint gas production

The Petroleum Institute of Thailand (PTIT) has urged the Thai government to expedite negotiations with Cambodia to establish a joint technical committee for exploring and producing natural gas in the overlapping claims area

Malaysia’s Dayang Enterprise poised to secure decommissioning contracts in Sarawak

Dayang Enterprise Holdings Bhd is well-positioned to win significant decommissioning contracts in Sarawak from Petroliam Nasional Bhd (Petronas) by next year, according to a recent report by Hong Leong Investment Bank Research.

Petronas seeks bank proposals for potential dollar bond sale

Petroliam Nasional Bhd (Petronas) is exploring the possibility of issuing a new dollar bond, marking its first return to the dollar debt market in over three years.

India may scrap windfall tax on domestic crude oil

The Indian government is considering scrapping the windfall tax on domestic crude oil production.

Kazakhstan seeks role in delivering TAPI pipeline

Fire erupts on Malta-flagged oil tanker in Singapore waters

A fire broke out on the Malta-flagged oil tanker *Med Atlantic* in the East Johor Strait within Singapore’s waters on October 21, according to the Maritime and Port Authority of Singapore (MPA).

Bangkok and Phnom Penh to return to the negotiating table over Gulf of Thailand deposits

Cambodia has indicated that it is now willing to head back into previously stalled negotiations with neighbouring Thailand over the possible joint exploration and development of an offshore oil and gas field in the Gulf of Thailand.

Japan’s KEPCO to bring down the curtain on two oil-fired units by mid-2025

Kansai Electric Power (KEPCO), a Japanese utility firm, has announced plans to decommission its ageing oil-fired No.1 and No.2 units at the Ako Power Complex.