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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)
India’s GAIL to purchase LNG from Vitol under 10-year deal
India’s state-run natural gas company GAIL signed a 10-year LNG purchase deal with Swiss-based commodities trader Vitol on January 5. The deal will see GAIL buy about 1mn tonnes per year of the super-cooled gas, beginning in 2026.
Iranian oil flow to China halted over price row
Iran’s oil trade with China has stalled as Tehran withholds shipments and demands higher prices from its top customer, refinery and trade sources said.
Indonesia seeks new partner to replace Russian firm Zarubezhneft for Tuna Block’s gas project
Indonesia aims to replace sanctioned Russian firm Zarubezhneft in the gas-rich Tuna Block this year
Indonesia’s Upstream Oil and Gas Regulatory Task Force and Premier Oil Andaman launch Gayo-1 well drilling
The Upstream Oil and Gas Regulatory Task Force in collaboration with Premier Oil Andaman Ltd, commenced drilling activities for the Gayo-1 well exploration in the Andaman II Working Area
SPRC completes acquisition of Caltex's Thai fuel marketing business
Star Petroleum Refining Public Company Limited announced on January 3, 2024 that it had completed the acquisition of Chevron Asia Pacific Holdings Limited's fuel marketing business in Thailand
‘No payment problem’: Hardeep Singh Puri on declining oil imports from Russia
India's decrease in oil imports from Russia is primarily a result of unappealing prices rather than any payment issues
Indonesia’s Ministry evaluates Trans Kalimantan gas pipeline project amidst supply and demand uncertainties
The Ministry of Energy and Mineral Resources is currently in the process of evaluating the continuation of the Trans Kalimantan gas transmission pipeline project
Russia’s Gazprom sets gas supply record to China through Power of Siberia pipeline
Although the company did not provide a specific figure for the record, it announced that gas exports to China through the pipeline had surged to 22.7bn cubic metres in 2023.
Global shipping's chokepoints
With more and more shipping companies extending full or partial closures of Red Sea shipping routes due to attacks by Yemeni rebels, global trade could be seriously affected, reports Statista.
OILTEK international subsidiary secures $2.1mn contracts in Malaysia and South Korea
OILTEK International's subsidiary has successfully clinched new contracts totalling $2.1mn from Malaysia and South Korea
Windfall tax on crude oil sees sharp increase; ATF, diesel relaxed
The government of India has significantly raised the windfall tax on crude oil
Pertamina Hulu Rokan unveils oil and gas reserves in Rokan Block
PT Pertamina Hulu Rokan has recently disclosed the discovery of potential oil and gas reserves within the existing field of the Rokan Block in Rokan Hulu Regency, Riau Province
Inpex Masela's Abadi LNG project advances with trustee borrowing financing scheme
Inpex Masela Ltd. is planning to leverage a trustee borrowing scheme as a crucial element of the financing strategy for the Abadi LNG project in the Masela Block
Venezuelan oil alters dynamics in Asian markets as US sanctions ease
In the aftermath of the recent easing of US sanctions on Venezuela, a fleet of supertankers carrying Venezuelan fuel is poised to impact the dynamics of Asian energy markets.
Pertamina explores two new wells in West Java
State-owned oil and gas company PT Pertamina has achieved a series of contributions, especially in the upstream sector
ExxonMobil Cepu Ltd to monetise gas by-products in response to oil production decline
ExxonMobil Cepu Ltd is addressing the recent decline in oil production at the Banyu Urip Field within the Cepu Block by focusing on monetising gas by-products
Chandra Asri Petrochemical secures $194mn investment from Thailand’s EGCO Group for infrastructure development
Indonesian chemical company PT Chandra Asri Petrochemical Tbk has secured a $194mn investment from the Electric Generating Public Company
Indonesia’s Pertamina Hulu Rokan achieves production milestone with 6,000 bopd increase
PT Pertamina Hulu Rokan WK Rokan has once again marked a milestone in its production achievements in one of the oil and gas fields in the Rokan Block
Medco Energi secures approval for Corridor Block PSC amendment
Indonesia-operated PT Medco Energi Internasional Tbk has received approval from the Ministry of Energy and Mineral Resources for the amendment of the Corridor Block Production Sharing Contract
Rail deliveries boost Russian oil shipments to China in December
Exports of Russian ESPO oil from the port of Kozmino rose to record-high 0.925mn barrels per day so far in December 2023, with 85% of this volume accounting for deliveries to China.
Oil jumps over 3% on-demand upgrade
Oil prices surged by more than 3% on December 14, building on gains from the previous session, driven by a weakened dollar and an upward revision in the oil demand forecast
Inpex given green light on Abadi LNG project in SE Indonesia
Inpex has been given the green light on the much anticipated $20bn Abadi LNG project
Papua New Guinea’s Kumul Petroleum looks to China to fund LNG projects
Papua New Guinea’s state-run Kumul Petroleum is progressing in discussions with several Chinese banks to fund the company’s stakes in two large LNG projects, a senior official at the company revealed.
Venezuela’s PDVSA resumes India oil exports after three-year hiatus
PTT Exploration and Production sets 5-year investment plan of $32.5bn, aims to grow sales by 9%
PTT Exploration and Production, Thailand's largest oil and gas exploration and production company, has unveiled its five-year investment plan of $32.5bn
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