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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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Pertamina Ventures into Malaysia's gas-rich Block SK510 in collaboration with Petronas
Indonesia's state-run oil and gas enterprise, Pertamina has revealed its participation in a significant exploration endeavour in Malaysia
Saudi Aramco eyes downstream investments in India
State-controlled Saudi Aramco is engaged in significant investment talks with Indian companies, according to Faisal Faqeer, the firm's downstream vice president
Malaysian firm wraps platform construction for Singapore-based Valeura Energy
Malaysian energy services solutions provider T7 Global has announced the completion of the new mobile offshore production unit TSeven Shirley for Valeura Energy’s Nong Yao C oilfield development offshore Thailand
QatarEnergy signs 20-year LNG supply deal with India’s Petronet
QatarEnergy has inked a long-term LNG sale and purchase agreement with India’s Petronet, the companies announced on February 6.
Japan’s January LNG imports drop to 15-year low, record-breaking days likely over
Japan's LNG imports in January hit a 15-year low as the country's nuclear reactors restarted, gas inventories remained high and renewable energy generation increased.
Pertamina Hulu Energi boosts oil and gas exploration efforts to unearth new reserves in Indonesia
Pertamina Hulu Energi is ramping up its commitment to substantially enhance oil and gas exploration activities this year with a focus on uncovering new potential resources.
Sri Lanka in active talks with India’s Petronet on LNG supply
The government of Sri Lanka has reportedly engaged in discussions with India’s Petronet LNG to supply liquefied natural gas to dual-fuel combined-cycle power plants on the island.
In Pakistan, Ogra seeks to raise gas prices again to meet IMF condition
To meet the IMF's deadline by mid-February, the Oil and Gas Regulatory Authority has granted substantial concessions to gas utilities - Sui Northern Gas Pipelines Ltd and Sui Southern Gas Company Ltd
Italian oil company ENI plans to increase investment in Indonesia
The Italian oil company, ENI, intends to expand its investment in Indonesia, not only in the upstream oil and gas sector but also for decarbonisation projects
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
India’s diesel exports slip 45% in January
India's diesel exports experienced a notable decline to a multi-year low in January 2024
AsianOil: Russia's oil tankers stranded in South Korea amidst US sanctions and payment woes
China-Philippines agreement on South China Sea remains unchanged
China’s embassy in the Philippine capital Manila said last week that the memorandum of understanding signed by the two countries in 2018 regarding joint cooperation in the South China Sea remains in effect
Taliban returns 19 tankers of poor-quality fuel to Iran
The Taliban’s national norm and standard department announced that it has returned 19 tankers of fuel to Iran through a border crossing in Nimrouz Province of Afghanistan due to its poor quality.
Conrad Asia Energy delays final investment decision for Mako Gas Field to mid-2024
Conrad Asia Energy Ltd has officially announced the postponement of the final investment decision for the Mako gas field in Natuna Regency, Indonesia
Pertamina ventures into Maracaibo Basin, Venezuela, with a potential 12bn barrels of oil reserve
Indonesia's energy giant, Pertamina, is actively developing an oil and gas field in the Maracaibo basin in Venezuela, boasting a significant potential reserve of 12bn barrels of oil
Eyes on Thai-Cambodian talks as Hun Manet seeks OCA deal to curb energy costs
Cambodian Prime Minister Hun Manet, is set to visit Thailand on February 7
Indonesia's Ministry of Energy and Mineral Resources faces unfilled auctions for six oil and gas blocks
The Ministry of Energy and Mineral Resources is yet to finalise winners for the auction of six oil and gas working areas opened during the second and third auction periods of 2023
Santos grants Kumul Petroleum additional time to pay for stake in PNG LNG project
Australian oil major Santos has provided Kumul Petroleum with an extension to complete the purchase of its 2.6% stake in the PNG LNG project, the company revealed on February 1.
Adding Saudi Arabia to the BRICS to create a commodities powerhouse
The potential inclusion of the United Arab Emirates, Iran, and possibly Saudi Arabia into the BRICS group of nations would create a commodities powerhouse that controls the bulk of global oil and gas deposits, analysts at S&P Global suggest.
TotalEnergies acquires a 50% stake in Malaysia’s SapuraOMV upstream
Paris-based TotalEnergies SE has entered into a definitive agreement to acquire a 50% stake in SapuraOMV Upstream Sdn, a Malaysian independent gas producer and operator
Russia's oil tankers stranded in South Korea amidst US sanctions and payment woes
In a significant blow to Moscow's oil exports, over a dozen Russian oil tankers carrying at least 10mn barrels of Sokol grade crude oil have found themselves stranded off the coast of South Korea's port of Yeosu.
China oil major CEO criticises US sanctions on Russia, citing impact on LNG project
In a notable deviation from typical corporate rhetoric, the CEO of China National Offshore Oil Corporation, Zhou Xinhuai, has voiced strong opposition against ongoing US-led sanctions on Russia.
China’s refiners slow Iranian oil imports for second month over price row
China's independent refiners are holding off from buying Iranian crude oil for February as a stand-off over pricing and terms enters a second month, trading sources said.
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