AsianOil - Asia Oil & Gas

India eyes more discounted Russian crude

SOCAR eyes investment of $100mn in Pakistan's LNG sector

CNPC targets long-term shift to cleaner energies

State-owned China National Petroleum Corp. (CNPC) has said that it will target clean energies making up half its output by 2050 as the country works towards achieving carbon neutrality by 2060.

SK E&S, Beijing Gas Group sign LNG, blue hydrogen agreement

South Korea’s SK E&S and China’s Beijing Gas Group have agreed to collaborate on LNG and blue hydrogen. The two companies signed a joint co-operation agreement at the World Gas Conference in late May.

Petronas’ first-quarter profit up 154% year on year

Malaysia’s Petronas reported this week that its net profit for the first quarter of 2022 had come in at MYR23.4bn ($5.3bn), up 154% on net profit of MYR9.2bn ($2.1bn) a year ago.

Prime Infra to take control of Malampaya gas project

Prime Infra is buying a controlling stake in the Malampaya gas field in the South China Sea, bolstering the field's prospects to have its life extended

Woodside, BHP Petroleum complete merger

Woodside Energy has completed its merger with BHP Petroleum International, the oil and gas business of mining giant BHP.

Shell takes FID on Crux project offshore Australia

Shell Australia announced on May 30 that it had taken a final investment decision on the Crux natural gas project offshore Western Australia.

OPEC+ speeds up production uptick amid Russia concerns

China hiring more tankers to transport Russian crude

AsianOil: Shell takes FID on Crux project offshore Australia

Shell Australia has taken a final investment decision on the Crux natural gas project offshore Western Australia.

India's GAIL considers buying Russian assets, oil imports surge

Sri Lanka turns to Russia to ease energy crisis

Western Gas spuds Sasanof-1 well

Australia’s Western Gas said on May 27 that it had spudded the Sasanof-1 exploration well on the country’s North West Shelf.

ONGC unveils 150% increase in exploration capex

India's ONGC has allocated an exploration capital expenditure budget of INR310bn ($4bn) for the 2022-25 fiscal years. This represents a 150% increase from exploration expenditure of INR206.7bn ($2.7bn) over the last three fiscal years, 2019-22.

Bumi Armada receives extension for FPSO delivery to India

Malaysian offshore contractor Bumi Armada said this week that it had received an extension for the delivery of a floating production, storage and offloading vessel to India.

Australian election spells new uncertainty for oil and gas

Australia’s federal election has resulted in a change of government following a victory by the Australian Labor Party.

South Korean firms line up LNG supply deals

Two South Korean companies signed sale and purchase agreements (SPAs) this week to buy LNG from international sellers – France's TotalEnergies and the US' Cheniere Energy.

Iran struggles to sell crude now at anchor in Asia

GAIL completes dedicated gas pipeline to HMEL refinery

Bangladesh considers offer of crude sales from Russia

AsianOil: Australian election spells new uncertainty for oil and gas

Australia’s federal election, held on May 21, has resulted in a change of government following a victory by the Australian Labor Party (ALP).

Rosneft, Gazprom Neft bookings generating new business for Sovcomflot

Russia’s state-owned tanker operator Sovcomflot (SCF) is still attracting business, with a surge of recent bookings from Russian clients partially making up for the loss of Western clients in the wake of the invasion of Ukraine.

Turkmenistan largest supplier of gas to China by pipeline

GAC data show Chinese spending on Russian oil, gas, coal up 75% y/y in April

China's spending on Russian crude oil, natural gas and coal jumped by more than 75% year on year to $6.42bn in April, according to data from Chinese customs data.