AsianOil - Asia Oil & Gas

Petronas taps AI specialist for seismic interpretation

Geoteric announced the deal on September 17 during the IMAGE 2025 energy technology conference in Houston.

MedcoEnergi picks up Repsol's remaining Indonesian gas assets

The Jakarta-listed company said on September 16 it will acquire a 45% operating interest in the Sakakemang PSC and an 80% operating interest in the adjacent South Sakakemang PSC.

IEA warns that output at existing oil and gas fields is falling faster than expected

Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.

Malaysia urges transport firms to register for RON95 fuel subsidy scheme

Around 100,000 vehicles operated by goods and public land transport companies across Malaysia are eligible for petrol subsidies under the Subsidised Petrol Control System (SKPS)

Sanctioned tanker delivers Russian crude at India's Mundra despite ban

A sanctioned oil tanker has discharged Russian crude at India’s Mundra port despite a recent ban imposed by the Adani Group on blacklisted vessels, shipping data showed

Indonesia reviews US fuel imports as domestic shortages persist

Indonesia’s Trade Minister, Budi Santoso, has confirmed that plans to import petroleum products from the United States remain under inter-ministerial review

Indonesians shift to non-subsidised fuel as Pertamina reports rising demand

PT Pertamina (Persero), through its Commercial & Trading Subholding PT Pertamina Patra Niaga, has observed a notable shift in consumer behaviour towards purchasing non-subsidised fuels

Two stalled LNG power projects revived in central Vietnam

Two long-delayed LNG power schemes in central Vietnam have been given fresh impetus, as Thanh Hoa province seeks to push forward with multi-billion-dollar investments seen as vital to the country’s energy transition.

Malaysia’s Petronas and PV Gas seek deeper LNG partnership

Malaysia’s Petronas and PV Gas, the gas arm of Petrovietnam, are moving to tighten ties in LNG supply and development projects, a step both sides hope will create a “comprehensive, long-term and sustainable” partnership

Kazakhstan strikes Chinese energy deals worth $1.5bn

Kazakhstan concluded more than $1.5bn worth of oil and gas projects with Chinese partners during President Kassym-Jomart Tokayev’s visit to Beijing last week.

JERA signs LNG exploration pact with Montenegro as local opposition looms

Montenegro has struck a fresh deal with Japan’s JERA to explore the development of an LNG terminal and gas-fired power plant - a project that could reshape the Adriatic country’s energy mix.

China receives fourth cargo from Russia's heavily-sanctioned Arctic LNG-2 project

China’s Beihai LNG terminal has received a cargo of Russian LNG from the Arctic LNG-2 project, the fourth such shipment to reach the country.

Petronas delivers Malaysia’s first locally-blended sustainable aviation fuel

Indian buyers push for deeper Russian oil discounts amid mounting risks

Indian oil importers are pressing Russian sellers to offer steeper price discounts as concerns grow over the risks of continuing trade with Moscow

Australia grants Woodside final approval for extension of North West Shelf

Australian oil and gas company Woodside Energy received final environmental approval for the extension of its North West Shelf project.

Pakistan’s Cnergyico targets 40% rise in fuel oil exports as taxes hit domestic sales

Cnergyico, Pakistan’s largest refiner, expects to raise fuel oil exports by 35%–40% in the fiscal year ending June 2026, driven by a sharp drop in local demand after new taxes were imposed

Asia’s gas utilities are politically shielded but economically exposed

Many of the region’s gas distributors enjoy the safety net of being government-related entities and are ‘protected’ to a large extent. Their credit profiles are, in reality, extensions of sovereign ratings rather than stand-alone assessments.

POSCO International becomes first South Korean firm to join Alaska LNG project

The agreement, signed during the Gastech conference in Milan, makes the Korean energy importer an official participant in the US initiative, which has backing from President Donald Trump. Glenfarne is leading the private development of the project.

JERA joins in on Alaskan LNG action

JERA has signed a non-binding deal to buy 1mn tpy of LNG from the planned $44bn Alaska LNG project, giving the long-delayed venture new momentum.

Japan’s FTC raids eight firms over suspected diesel price-fixing

On September 10, Japan’s Fair Trade Commission (FTC) raided the offices of eight oil companies suspected of colluding to manipulate diesel fuel prices, potentially violating the Anti-Monopoly Law.

Pakistan ends ban on new household gas connections

Pakistan has announced the end of its three-year freeze on issuing new domestic gas connections, opening the door for households to access Re-Gasified Liquefied Natural Gas (RLNG)

Australia's Woodside to supply LNG to Malaysia's Petronas

Woodside Energy has signed a long-term agreement to supply 1mn tonnes per year of LNG to Malaysia’s state-owned Petronas for 15 years from 2028.

Thailand's PTTEP takes FID on first carbon capture and storage project

Thailand’s state-controlled upstream producer PTTEP has taken a final investment decision on its first carbon capture and storage development at the Arthit gas field

Australia's APA secures local consents for Northern Territory gas pipeline

Australian energy infrastructure operator APA Group confirmed last week it had the registration of an Indigenous Land Use Agreement (ILUA) with Traditional Owners for the Sturt Plateau pipeline (SPP) in the Northern Territory.

Delorean strikes biomethane deal with fellow Australian player Origin

Delorean Corp. has signed a binding gas sales agreement with fellow Sydney-listed operator Origin Energy for the long-term supply of renewable natural gas, marking another milestone for Australia’s bioenergy industry.