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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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Novatek to raise LNG supplies to Japan
Russian natural gas producer Novatek plans to ship over 2mn tonnes per year of LNG from the Arctic LNG 2 plant, Reuters reported on July 21.
ExxonMobil plans to double LNG production by 2030
ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.
Indonesia once more misses oil and gas output targets
Indonesia missed its target for oil and gas production in the first half of this year, the upstream regulator SKK Migas reported this week, citing unplanned shutdowns and new project delays.
Philippines' high court rejects JMSU deal with China, Vietnam
The Philippines Supreme Court has rejected a 2005 trilateral agreement with China and Vietnam aimed at easing South China Sea tensions and enabling joint oil and gas development in the contested waters as unconstitutional.
Australia's Santos presses on with key projects
Australian gas producer Santos confirmed this week that its Barossa gas condensate project, which includes the Darwin Pipeline Duplication (DPD) scheme, is now 60% complete.
Woodside suffers "extremely difficult" Q2 but project progress continues
Woodside Energy suffered what it said was an “extremely difficult” quarter in the three months ending June 30, the company said this week, with both revenues and production down, and an employee death.
China seen importing more Brazilian crude in Q3 2023
Sinopec and other major Chinese refinery operators are on track to increase their imports of Brazilian crude oil by more than 35% in Q3 2023.
Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Japan vows to create LNG reserve system
Japan will develop an LNG reserve system in 2023 in order to secure gas resources in the case of “unexpected situations”, Industry Minister Yasutoshi Nishimura said during the LNG Producer-Consumer Conference in Tokyo.
PetroVietnam and AES receive approval for Son My Terminal
US energy company AES and state-owned oil and gas firm PetroVietnam have been granted approval from Binh Thuan Province in the country’s southern region to proceed with construction of the Son My LNG Terminal.
Indian Oil signs long-term LNG import deals with ADNOC and TotalEnergies
India’s largest refiner Indian Oil Corp reached agreement on two long-term LNG import deals last week during Prime Minister Narendra Modi’s visits to France and the United Arab Emirates (UAE), Reuters reported on July 17.
Hong Kong offshore LNG terminal commences operation
Hong Kong’s new offshore LNG terminal has begun operations after receiving its first shipment of 139,000 cubic metres of the super-chilled fuel Offshore Energy reported on July 17.
EU claims of New Delhi acting as a Russian middleman shrugged off in India
EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.
Russian crude hits a 7-month high for China, output cuts beckon
News that caused more than a few ripples across the Chinese language business papers last week is still sinking in in Beijing, as prices for Russian ESPO crude imports hit a 7-month high earlier in the month.
Myanmar military target national oil and gas firm MOGE
General Min Aung Hlaing's is looking to impose secretive operational restrictions on the state-owned MOGE (Myanmar Oil and Gas Enterprise) and a number of senior executives have been arrested and others reportedly sent for questioning.
Philippine Supreme Court nullifies South China Sea agreement
The Philippines Supreme Court this week reaffirmed a January 10 decision regarding a 2005 accord struck with China and Vietnam covering joint exploration within Philippine territorial waters. The court found the agreement void and unconstitutional.
Gas supply code hits some nerves in Australia
The Australian government of Anthony Albanese put the mandatory Gas Code of Conduct into Law last week in an effort to ensure gas supply at reasonable prices for domestic consumers.
Urals price hits $60 price cap level for first time
The value of Russia's key Urals crude export grade has hit $60/b for the first time since the US-led G7 coalition rolled out its price cap on Moscow's oil. This will pose a challenge for Europe’s shipping industry.
PetroVietnam receives first shipment of LNG
The Maran Gas Achilles transport vessel arrived in the terminal wharf on 10 July laden with 70,000 tonnes of LNG that will be used for a trial run of the new terminal. The LNG was loaded at Bontang, Indonesia.
Thailand in negotiations with Qatar for long-term LNG supplies
The possibility of Thailand securing a small-scale contract from the world’s leading exporter, QatarEnergy, is, however, being seen as a possible lead into future discussions on increased imports,
India’s largest fuel retailer to take lead in green hydrogen production
The director of Indian Oil Corporation’s research and development (R&D) division, SSV Ramakumar, has said that his firm aims to convert a full 50% of hydrogen used by the firm to green hydrogen by the end of the decade.
Confronted with rising debt, Bangladesh finances oil imports with ITFC loan
BPC finance director Kazi Mohammed Mozammel Haque said the financing agreement would be in effect from July this year to June 2024. “Under this financing agreement we will take a loan of $1.4bn, mainly to import crude oil,” he told Saudi media.
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