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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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SapuraOMV launches key gas field off Malaysia
Malaysian oil and gas producer SapuraOMV has brought on stream its flagship Jerun gas project off the coast of Sarawak, the company announced this week.
BP predicts 40% rise in LNG demand by 2030
UK supermajor BP forecasts that global demand for LNG will climb by as much as 40% by the end of the decade in comparison to 2022 levels, the company stated in its 2024 energy outlook.
Global LNG trade rises by 3.1% in 2023
Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.
Russia’s Novatek seeks to gain foothold in China’s LNG market
Russian state-run LNG developer Novatek has offered part of an LNG cargo to China as its new China marketing arm pushes to break into China’s massive domestic gas market.
Indonesia's oil production decline amid efforts to boost output
Despite efforts to increase saleable oil production, Indonesia’s oil output continued to decline in the first half of 2024.
Indonesian government faces challenges in continuing specific natural gas price programme
The government's decision to continue the Specific Natural Gas Price programme will face numerous challenges,
PT Kilang Pertamina Internasional advances green refinery project in Cilacap
PT Kilang Pertamina Internasional (KPI), a subholding of Refinery & Petrochemical Pertamina, is progressing with the Green Refinery Cilacap project, a National Strategic Project aiming for a biofuel production capacity of up to 6,000 barrels
Australian regulator now warns of gas shortage by 2027
The Australian Competition and Consumer Commission has again warned that the country’s populated East Coast could face a gas supply shortfall by 2027 and has urged that new supply sources be developed.
Upland Resources advances plans for Malaysian Block SK 334 with key contractor selections
London-listed Upland Resources has identified the contractors it aims to collaborate with for its Block SK 334 asset in Malaysia, as it seeks potential farm-in partners
Indian majors eye long-term oil supply deal with Brazil's Petrobras
Indian oil majors Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL) are negotiating long-term crude oil supply contracts with Brazilian producer Petrobras.
SapuraOMV launches key gas field off Malaysia
Malaysian oil and gas producer SapuraOMV has brought on stream its flagship Jerun gas project off the coast of Sarawak.
Sinopec achieves record oil, gas flow in South China Sea
Shanghai Offshore Petroleum Co., a division of China’s Sinopec, has achieved a record daily oil and gas well flow result in the Beibu Gulf basin of the South China Sea
New Zealand seeks feedback on CCUS regulation
New Zealand’s coalition government began a consultation on July 9 on establishing a regulatory framework for carbon capture, utilisation and storage that would provide project developers with New Zealand emissions units.
President Joko Widodo discusses gas price policy with cabinet ministers
President Joko Widodo convened the ministers of the Advanced Indonesia Cabinet at the Presidential Palace in Jakarta on July 8. The meeting focused on the continuation of the Specific Natural Gas Price (HGBT) policy
Australian gas producer Santos eyed by at least two high-flying suitors
Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) are separately evaluating potential bids for Australia's Santos, the continent’s oil and gas exploration giant.
Iraq rises to become fourth largest oil supplier to China in June
The statistics reveal that Iraq's oil exports to independent Chinese refineries reached 1.3mn tonnes in June 2024, equivalent to 9.8mn barrels.
Japan increases CCS project tally with nine new picks in Asia, Oceania
The Japan Energy and Metals National Corp. (JOGMEC) has selected nine new CCS projects, deeming them “Advanced CCS Projects” for fiscal year 2024, with the intention of putting them into operation by 2030.
Thailand's excise department expedites carbon tax, considers battery tax reform
Thailand's Excise Department is accelerating its implementation of a carbon tax, aiming for Cabinet approval within the next 1-2 months. The move underscores the department's commitment to environmental sustainability and broadening its tax base
Thailand debates oil reserve hike: security vs. cost concerns
Thailand is revisiting the idea of significantly increasing its oil reserves, sparking debate between security concerns and economic costs.
The Ministry of Energy and Mineral Resources urges oil and gas contractors to utilise or return idle working areas
The Ministry of Energy and Mineral Resources has called on Oil and Gas Cooperation Contract Contractors to either develop potential but idle oil and gas working areas or return them
Pertamina Internasional expands with new Middle East office in Dubai
PT Pertamina Internasional EP (PIEP), the international subsidiary of Pertamina’s Upstream Subholding, has expanded its operations by opening a new branch office in Dubai, United Arab Emirates
Thailand's fuel consumption trends show varied patterns in 2024
Thailand's Department of Energy Business has reported on the country's fuel consumption trends for the period January to May 2024, revealing nuanced shifts across different fuel types and sectors.
India’s regulatory board drafts new rules for LNG industry terminals
India’s Petroleum and Natural Gas Regulatory Board is reported to be considering the introduction of more regulatory controls over the country’s LNG terminals to make their operation more transparent and to better utilise existing infrastructure.
Finding foreign Vostok Oil partners may be a challenge
Rosneft is sitting on a huge oil resource that can provide low-cost crude in ample quantities. But it will be a challenge securing any international support to fully capitalise on that resource.
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