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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 posts profit decline in the midst of market volatility, plans workforce cuts
Malaysia’s state energy firm, Petroliam Nasional (Petronas), reported a sharp drop in profit for 2024 due to global economic uncertainty, geopolitical tensions, and lower oil prices
Mari Energies announces gas/condensate discovery in Pakistan
Mari Energies has announced a gas/condensate discovery at the Spinwam-1 exploration well, in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa, Pakistan
Japan hires energy consultancy Xodus for Offshore Western Kyushu CCS project
Japan is working to cut its carbon emissions by developing a number of carbon capture and storage facilities. Last week the international energy consultancy Xodus was contracted to participate in the Offshore Western Kyushu CCS project.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Japex realigns company focus, putting spotlight back on oil and gas investments
Japan Petroleum Exploration has reaffirmed its commitment to future investments in oil and gas exploration and production out to 2030.
Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal
Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.
Indonesia arrests Pertamina executives in $11.9bn corruption probe
Indonesia’s Attorney General has arrested executives from subsidiaries of state energy giant PT Pertamina in connection with a IDR193.7 trillion ($11.9bn) corruption scandal tied to crude and oil product procurement
Pakistani petroleum dealer body opposes oil price deregulation
The All-Pakistan Petroleum Dealers Association (APPDA) has opposed the government’s decision to deregulate oil prices
Indian imports of Russian crude oil drops sharply in February
India’s imports of crude oil from Russia dropped sharply in February after the US slapped fresh sanctions on Russian oil entities
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Philippines reveals interest in importing LNG from Alaska
As Trump continues to push US LNG exports, the Philippines joins Japan and Taiwan in assessing the Alaska LNG project.
Russia, Myanmar sign deal for port, oil refinery in Dawei economic zone
Russia and Myanmar have signed a memorandum on investment cooperation in the Dawei special economic zone, including plans for a port and an oil refinery, Russia’s Ministry of Economic Development said on February 23.
Thaioil unveils 3Cs strategy to advance sustainable energy goals
Thai Oil Public Company Limited (Thaioil) has introduced its 3Cs strategy at the FTI EXPO 2025, outlining its roadmap for achieving Net Zero emissions and reinforcing its commitment to sustainability.
Indian steel maker AMNS eyes 5-year LNG deal
Indian steel manufacturer ArcelorMittal Nippon Steel (AMNS) is looking to sign a five-year term LNG deal for six cargoes a year starting in 2026 for its direct reduced iron (DRI) plant in Gujarat
OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Japan’s Inpex expands Malaysian upstream holdings with new offshore blocks
Japan’s Inpex Corp. has strengthened its presence in Malaysia’s upstream sector by securing two offshore exploration production sharing contracts (PSCs), extending its reach into deep and ultra-deep waters off Sabah
Petronas plans to streamline workforce to tackle global challenges
Petroliam Nasional Bhd (Petronas) is preparing to streamline its workforce to adapt to an increasingly complex global energy landscape, CEO Tan Sri Tengku Muhammad Taufik announced
Cambodia to adopt EURO 5 fuel standards within 6 months
Cambodia will transition to EURO 5 gasoline standards within six months, replacing the current EURO 4 standard, the Ministry of Environment (MoE) announced. The government also plans to implement the EURO 5 diesel standard by 2025.
India looking for oil storage facility in Oman
India is in initial talks with Oman to lease a facility to hold about 5mn barrels of crude oil, L.R. Jain, chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL) said
Average effective US tariff hike may impact India's GDP growth by up to 0.1-0.3 percentage points
The increase in average effective tariff rate imposed by the US on Indian exports may hit India's gross domestic product (GDP) growth by 0.1-0.3 percentage points
Chinese refiners boost Brazil, West Africa oil imports amid sanctions squeeze
Chinese refiners are increasing purchases of Brazilian and West African crude oil as they navigate US sanctions on Russia and Iran and respond to Beijing's new tariffs on US oil imports.
Saudi Aramco to acquire 25% stake in Philippine oil company Unioil
The Saudi Arabian Oil Company, Aramco, has finalised agreements to purchase a 25% stake in Unioil Petroleum, a leading oil company in the Philippines.
International oil companies sign up for two Malaysian PSCs
Malaysia's state energy firm Petronas has signed two production sharing contracts (PSCs) under the Malaysia Bid Round 2024.
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