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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)
PTTEP picks up Wintershall Dea’s Ghasha stake
Thailand’s PTT Exploration & Production (PTTEP) this week acquired a 10% stake in the UAE’s offshore Ghasha concession from Germany’s Wintershall Dea, concluding the latter’s effort to divest.
India’s oil imports from Russia rise m/m as oil minister confirms state-owned BPCL open to tie-up with Moscow
India ramped up its oil imports from Russia to 41% in April 2024, up from 34% in March 2024, as per the June 2024 OPEC report.
Malaysia overhauls fuel subsidies, diesel prices surge by over 50%
Malaysia saw a dramatic 50% increase in diesel prices on June 10 as part of a major overhaul of fuel subsidies aimed at reducing government spending and saving billions of ringgits annually
Pertamina to acquire stake in Brazilian firm to secure bioethanol supply
Pertamina, Indonesia's state-run oil company, is set to acquire a stake in a Brazilian company to ensure a steady supply of bioethanol and sugar, Chief Investment Minister Luhut Binsar Pandjaitan announced on June 10
India’s ONGC seeks international partner to boost output from ageing Mumbai high field
India's state owned Oil and Natural Gas Corporation is looking to collaborate with an international oil major to rejuvenate its flagship Mumbai High field, which has seen a decline in production after nearly fifty years of operation
Pertamina Patra Niaga issues first tender for sustainable aviation fuel
Indonesia's state-owned energy firm, Pertamina Patra Niaga, has issued its inaugural spot purchase tender for sustainable aviation fuel to be delivered in August, according to three sources who received the tender document
Upstream Oil and Gas Regulatory Task Force, ESDM, and ENI Indonesia to launch $70mn 3D seismic survey
The Upstream Oil and Gas Regulatory Task Force, in collaboration with the Ministry of Energy and Natural Resources and ENI Indonesia, is set to conduct a $70mn 3D seismic survey
Indian regulator seeks to oversee expansion of country’s LNG terminals
India's Petroleum and Natural Gas Regulatory Board has proposed new regulations requiring companies to obtain approval before setting up or expanding liquefied natural gas terminals.
As India’s energy landscape changes due to heatwave gas generated power use soars
India is witnessing a significant shift in its energy landscape as extreme heat and new policy changes drive an uptick in gas generated power production.
Indonesia showcases $860mn green refinery projects at IPEF Forum
Chief Economic Affairs Minister Airlangga Hartarto highlighted investment opportunities in sustainable infrastructure at the Indo-Pacific Economic Framework forum in Singapore
South Korean president makes bold claims about potential offshore oil and gas reserves
South Korean President Yoon Seok-yeol announced on June 3 there could be as much as 14bn barrels in oil and gas resources off the country’s southeast coast, after approving an exploratory drilling plan proposed by the energy ministry.
Altagas, Vopak reach positive FID on Ridley Island Energy Export Facility
AltaGas Ltd. and Royal Vopak have reached a positive final investment decision on the Ridley Island Energy Export Facility, a large-scale liquefied petroleum gas and bulk liquids terminal with rail, logistics and marine infrastructure.
OPEC+ extends cuts, to unwind voluntary limits
OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions
QatarEnergy signs naphtha supply deal with Idemitsu Kosan
QatarEnergy has signed a 10-year deal to supply naphtha to Japan’s Idemitsu Kosan
Thailand pioneers carbon tax on oil, eyes CBAM advantage
Thailand's Excise Department is taking a pioneering step towards environmental sustainability by introducing a carbon tax on oil
Thai Vietjet and PTT OR partner on sustainable aviation fuel for greener skies
Thai Vietjet Air and PTT Oil and Retail Business (OR) have signed a Memorandum of Understanding to explore the use of Sustainable Aviation Fuel (SAF) for their operations, marking a significant step towards a more eco-friendly aviation
Indonesia targets 1.6mn BOEPD oil and gas production by 2025
Indonesia's Energy and Mineral Resources Ministry has set an ambitious target for oil and gas production, aiming for around 1.6mn barrels of oil equivalents per day by 2025
Japan’s Tokyo Gas eyes a slice of Philippine LNG sector
San Francisco-based law firm Morrison Foerster has successfully represented Tokyo Gas Co., Ltd in securing definitive agreements for the acquisition of a 20% stake in an LNG import and regasification terminal project located in the Philippines
Chinese demand for oil to peak by 2027: Sinopec
China Petroleum & Chemical Corporation, has predicted that oil demand in China will peak before 2027
Chevron’s Australian Gorgon LNG plant suffers another outage
Chevron’s Gorgon LNG plant on Australia’s Barrow Island suffered another halt to production on June 3.
TotalEnergies strikes LNG deals with Indian, South Korean buyers
TotalEnergies has expanded its LNG business in Asia, entering into fresh supply deals with Indian Oil Corp and Korea South-East Power.
Thailand unveils SPR system and price regulation measures to combat high fuel costs
Thailand's government is taking a two-pronged approach to address rising fuel costs.
Proposed EU sanctions on Russian LNG unlikely to affect Asian buyers
Europe’s proposed new sanctions package aimed at combatting transshipments of Russian LNG is not expected to impact Asian purchasers, European Commissioner for Energy Kadri Simson told reporters in Tokyo June 3.
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