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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)
Russia sells Urals oil to India above Western price cap amid payment delays and logistics challenges
Despite facing payment delays and logistical hurdles, Russia continues to sell Urals oil to India at prices well above the Western-imposed price cap.
Thailand considers diesel price hike as oil fund debt soars
Thailand's Ministry of Energy is preparing to propose a reduction in diesel price subsidies to the Cabinet, citing mounting debt in the Oil Fund used to offset fuel costs
France plans return to Pakistan's LNG market
France is on the brink of re-entering Pakistan's LNG export market after more than a decade away following a legal dispute that caused a leading French company to exit the sector
Australia unveils watered-down draft fuel efficiency standards
Australia’s Albanese government has unveiled watered-down draft legislation on fuel efficiency standards for new passenger and light commercial vehicles.
Restart of Vietnam's only cracker delayed
The operator of Vietnam’s only petrochemical cracker Long Son Petrochemical has extended the closure of the facility and associated units in Ba Ria-Vung Tau until June, so that technical issues can be addressed.
Vietnam Prime Minister's bold move to tighten petroleum sector regulations
Amidst recent concerns over lax enforcement of regulations and the persistent threat of smuggling and trade fraud in the petroleum sector, Prime Minister Pham Minh Chinh has taken decisive action
Shell to enter Sri Lanka's fuel retail market in 2024
Shell Brands International AG and RM Parks Limited announced their partnership to introduce Shell into Sri Lanka's fuel retailing market this year.
Vietnam in talks with Russia's Novatek on LNG collaboration
Vietnam’s government is in talks with Russia’s Novatek on potential collaboration in the LNG sector, as the South Asian country seeks out more avenues of support for its LNG import industry.
Japan's Saibu Gas to expand storage capacity at Hibiki site
Japanese gas firm Saibu Gas revealed this week it planned to expand its LNG storage capacity to support increased gas demand during Japan’s decarbonisation.
Government inquiry explores revival of New Zealand’s sole oil refinery, Marsden Point
A study into the potential reopening of Marsden Point oil refinery in Northland, New Zealand, is underway. The study comes despite any significant cost projections and the necessity for a specialised workforce
Conflict on reports of illicit oil shipments to North Korea
In 2023 it is believed North Korea exceeded a UN-imposed cap on oil imports, sneaking in up to three times the permitted volume. In the process Pyongyang flouted global sanctions, according to a fresh evaluation by UN member states
Woodside sells stake in Scarborough project to LNG Japan
Australian energy giant Woodside has agreed to sell a 10% interest in the company’s Scarborough joint venture to LJ Scarborough, which is a jointly owned subsidiary of LNG Japan, the firm announced.
Woodside eyes major increase of North American LNG purchases
Australia’s Woodside Energy is shifting its focus to North America for procurement of LNG supplies amid a challenging environment for construction of new LNG projects in the domestic market, Japan’s Nikkei Asia reported.
India’s eighth LNG terminal set to commence operations
India’s Gujarat State Petroleum Corp. has issued a tender for a commissioning cargo for delivery in April for the Chhara LNG import terminal
Indonesia’s upstream oil and gas task force revives Camar Field
The Upstream Oil and Gas Regulatory Task Force, in collaboration with Contractor Partnership Contract PT Prima Energi Bawean, has completed a series of reactivation endeavours in the Camar Field
Australia’s Beetaloo gas project could prove uncompetitive, says IEEFA
The planned Beetaloo Basin and related Northern Territory LNG project could turn out to be a colossal sinkhole for investors and taxpayers due to high costs, financial risks, and uncertain returns.
PetroChina to receive first Venezuelan crude cargo at Jieyang refinery amid US sanctions relief
PetroChina's Jieyang refinery is set to welcome its inaugural direct crude oil shipment from Venezuela over the upcoming weekend. The supertanker Elysia, carrying 2mn barrels of Venezuelan Merey crude, is scheduled to dock at Jieyang on March 24.
Credit Agricole backs out of financing LNG projects in Mozambique and Papua New Guinea
The bank was the original financial adviser for Eni and ExxonMobil’s Rovuma LNG facility in Mozambique and Total Energies, Santos and ExxonMobil’s Papua LNG project in Papua New Guinea.
Aramco aims to remain China’s key energy partner
The Saudi firm has reiterated its commitment to key offtake partner China in a mutually beneficial arrangement.
India's refinery shift, Russian Sovcomflot tankers barred amidst sanctions escalation
India's refining sector is transforming as it steers away from dealings with sanctioned entities, with recent reports indicating that crude shipments from the Russian tanker firm Sovcomflot are no longer accepted in the country.
Pakistan pursues waiver on Iran-Pakistan gas pipeline sanctions
Pakistan's Minister of Petroleum, Musadik Malik, has announced Pakistan's intention to approach the United States seeking a waiver on sanctions associated with the Iran-Pakistan Gas Pipeline project
China’s CNOOC reports 12.6% fall in 2023 profits
China National Offshore Oil Company has reported a net profit of CNY123.8bn for 2023, a fall of 12.6% from a record profit of CNY141.7bn in 2022
Pertamina's sustainable oil and gas projects set to propel operations forward
Pertamina Hulu Mahakam, a subsidiary of Indonesia's state energy company Pertamina, is poised to commence operations for three sustainable oil and gas projects in March and April this year.
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