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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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Gas Malaysia plans two more biomethane projects for 1H24
Gas Malaysia is taking steps to commission two more biomethane projects as part of a plan to expand the company’s – and the country’s – use of natural gas produced from biological sources.
LNG moves across Southeast Asia forecast to peak by 2040
A study by the Asia Research & Engagement group has predicted that Southeast Asia’s LNG investments are expected to reach their peak by 2040
India's ONGC says new projects to reverse declining oil outputs from matured fields
State-run Oil and Natural Gas Corp in India reported a decline in oil and gas output during July-September, attributed to lower volumes from matured fields and weather-related disruptions
IEA raises oil demand forecast despite global economic slowdown
The International Energy Agency has revised its oil demand growth forecasts for 2023 and 2024, challenging expectations of a global economic slowdown
Petronas and PetroVietnam explore energy collaboration opportunities
Malaysian energy giant Petronas and its Vietnamese counterpart PetroVietnam are set to explore collaboration opportunities in various sectors of the energy industry in Vietnam
Pertamina partners with Sinopec to accelerate energy transition and global business opportunities
PT Pertamina has entered into a business collaboration with the Chinese energy company Sinopec to expedite its commitment to energy transition and enhance global business development
Gas Malaysia subsidiary to procure biomethane from Johor Plantations for green gas initiative
Gas Malaysia Virtual Pipeline Sdn Bhd, a wholly-owned subsidiary of Gas Malaysia, has entered into an agreement to procure biomethane from Johor Plantations Berhad, with an annual contract quantity of 250,000 MMBtu
Iran advances offshore refinery project, aiming to boost oil sales away from sanctions
India saves $2.7bn on oil imports by switching to Russia from Middle East
India has saved approximately $2.7bn in the initial nine months of 2023 by importing discounted Russian oil, as per Indian government data
Iran oil exports to China on rise in defiance of US sanctions
China has become the major destination for the flow of Iranian oil in recent years in the wake of a “maximum pressure” campaign launched by former US president Donald Trump in 2018 that targeted Iran’s economy, including its petroleum exports.
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
Murphy targets 2026 for first Southeast Asia offshore oil production
Houston-based US petroleum firm Murphy Oil has received the green light from the Vietnamese government to move forward with its ambitious field development plan at the Lac Da Vang oilfield
TTA ventures into oil production with investment in Valeura Energy
Thoresen Thai Agencies PLC has initiated a strategic investment move into the oil and gas production sector
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Last minute injunction stops Santos' Barossa gas field plan
Australia’s oil and gas producer Santos has been delayed in the start of laying an underwater pipeline that is part of its $3.6bn offshore Barossa gas project in the Timor Sea north of Australia.
Thai Pipeline Network successfully transports oil, reduces carbon emissions
Luechai Sudsakorn, the manager of Thai Pipeline Network Limited, has revealed the success of the oil transportation system from the oil storage depot in Saraburi to the storage depot in Khon Kaen
Cheniere and Foran Energy finalise 20-year LNG supply deal
Cheniere, the prominent US LNG exporter, has recently inked a substantial 20-year LNG supply deal with China's Foran Energy.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Shell sells Pakistan operations to Saudi Arabian firm
International energy giant Shell has decided to end its operations in Pakistan and sell its 77.42% holding in Shell Pakistan to Saudi Arabia's Wafi Energy. Shell said its decision to sell is part of a plan to reorganise its global business.
Sinopec joins Qatar’s NFS, signs LNG supply deal
Sinopec was this week made a partner in QatarEnergy’s North Field South (NFS) expansion project, with the deal providing the basis for a 27-year deal to supply LNG to China.
Vietnam's ongoing energy project makes advances on global partnership with McDermott despite corporate challenges
The recent collaboration and signing of crucial contracts by the Vietnam National Oil and Gas Group and its partners on October 30 in Hanoi marks a significant leap forward in the Block B - O Mon gas and power project
Iran says it's ready to provide technical energy services
Iran is ready to export its technical and engineering expertise in the oil, gas, and petrochemical sectors, First Vice President Mohammad Mokhbar told a major trade fair in China.
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