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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)
Petronas unveils supplier support programme to boost sustainability in OGSE sector
Petroliam Nasional Bhd (Petronas) has launched a Supplier Support Programme (PSSP) to motivated Malaysia's oil and gas services and equipment (OGSE) suppliers to integrate sustainability practices into their operations
Pakistan secures $500mn loan from Islamic Development Bank for oil purchase
Pakistan has secured a $500mn loan from the Islamic Development Bank to purchase crude oil from the international market.
Reuters names five Western insurers covering Russian oil trade to Asia
Five Western insurers provided coverage for tankers shipping Russian oil to Asia this year, even though others in the sector have withdrawn support for such vessels because of concerns they will violate the G7 price cap by doing so.
Saudi oil exports to China set to decline in September
Saudi Arabia's oil exports to China are expected to decrease to approximately 43mn barrels in September 2024, according to traders familiar with the matter.
Pakistan weighs gas price equalisation levy to ease subsidy burden
The Pakistani government is considering the introduction of a price equalisation levy on wellhead gas as a means to subsidise residential consumers and industrial sectors.
Will an increase in Chinese jet fuel demand help boost stagnant oil growth?
China’s demand for jet fuel has seen a significant surge of late, driven primarily by the recovery in airline traffic following the pandemic.
Petronas exits South Sudan after two decades amid strategic shift
Malaysia’s state-owned oil and gas giant, Petroliam Nasional Bhd, announced its withdrawal from South Sudan, ending a presence that spanned over two decades in the tumultuous East African nation
Impact of Trans Mountain expansion on crude trade routes remains in flux
The impact of the expansion of the Trans Mountain oil pipeline (TMX) from Alberta to the Pacific remains in flux.
Malaysia’s energy shipping company MISC to welcome former Shell executive as new CEO
MISC, the shipping arm of Malaysia’s national energy company Petronas, is set to appoint a new chief executive next week.
India to introduce 20% bio-aviation fuel over next five years
India’s Road Transport and Highways Minister Nitin Gadkari on August 7 announced that the aviation sector is poised to integrate 20% bio-aviation fuel over the next five years.
Multiple South Korean LNG projects face the axe on back of lack of economic benefits
In the same month that even mainstream media outlets are highlighting the increased shipments of US-origin LNG to Asia in recent weeks, to China and South Korea in particular. A number of LNG projects in peninsula Korea are facing closure.
Malaysia’s Sarawak state looks to take over Petronas gas assets on Borneo
Malaysia’s largest state, Sarawak, which is located on the island of Borneo, now finds that it can move ahead with plans to exercise autonomy due to the political conditions in the country.
Indonesia’s PT Pertamina International achieves higher oil and gas production in first half of 2024
PT Pertamina International Exploration and Production reported oil and gas production of 227,000 barrels of oil equivalent per day in the first half of 2024.
TotalEnergies sells stake in Pakistani oil marketing firm to Gunvor
French energy giant TotalEnergies has agreed to sell its 50% stake in Pakistani oil marketing firm Total PARCO Pakistan Ltd. to commodities trader Gunvor.
Valeura to resume output at Thailand's Wassana field
Canada-based oil and gas company Valeura Energy is set to resume production at its Wassana oilfield in the Gulf of Thailand, a month after operations were halted due to a structural issue.
New South Wales mulls changes to renewable fuels strategy
Australia's New South Wales state is considering revising its renewable fuels strategy to support its emission reduction targets and achieve net zero by 2050.
Singapore launches carbon trading platform
Singapore has officially launched the Singapore Carbon Market Alliance, a platform aimed at better connecting buyers and sellers of carbon credits.
Indonesia’s Pertamina increases prices of non-subsidised fuels
PT Pertamina (Persero), through PT Pertamina Patra Niaga, has officially raised the prices of several non-subsidised fuel products, including Pertamax Turbo (RON 98), Pertamax Green 95, Dexlite, and Pertamina Dex, as of August 2
Indonesia intensifies oil and gas exploration in eastern regions
The Indonesian government is ramping up oil and gas exploration in the eastern regions of the country. The focus is on five key areas: Buton, Timor, Seram, Aru, and Warim
LNG price cap in Vietnam could harm gas-fired power targets
Vietnam's ambition to have LNG account for 15% of its power capacity by 2030 faces significant challenges.
India's ONGC reports decline in Q1FY25 profit
Indian state-owned energy company Oil and Natural Gas Corporation posted a standalone profit of INR89.38bn for the April-June quarter.
Indonesia to boost oil production by 100,000 barrels per day with new oil fields
The Ministry of Energy and Mineral Resources has announced an increase in oil production exceeding 100,000 barrels per day with the upcoming start-up of six new oil and gas fields between 2024 and 2027
MOL gets greenlight for wind-assisted LNG carrier
Japanese shipping giant Mitsui O.S.K. Lines was granted approval in principle from Nippon Kaiji Kyokai to commence design for a membrane LNG vessel, which will feature the installation of Wind Challenger, a wind-assisted power propulsion system.
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