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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)
Pakistan uses Chinese yuan for Russian oil purchase, no ‘special’ discount
Pakistan is paying for its first delivery of sanctioned Russian crude oil with Chinese currency, Petroleum Minister Musadik Malik said last week after the arrival in Karachi of a tanker carrying 45,000 tonnes of Urals.
ONGC-Indian Oil deal could shake up subcontinent’s petrochemical make-up
India’s main oil producer has agreed a deal with the nation’s single most influential refining firm to help boost petrochemical output across the subcontinent.
Beijing-Riyadh links boosted by $10bn refinery project in China
In a bid to strengthen its relationship with China, the government of Saudi Arabia has announced a number of energy deals including a huge $10bn refinery deal.
Asian spot LNG prices hit 3-month high
Asian spot LNG prices surged to a three-month high on June 16, Reuters reports. The rise in price reverses a multi-week drop as high temperatures in north-east Asia have boosted cooling demand.
Bangladesh to sign LNG supply deal with Oman
Petrobangla, Bangladesh’s state-owned national gas company will agree to a long-term supply deal of additional LNG stocks with Oman Trading International, an official at Petrobangla told Reuters on June 19.
Rosneft eyes oil supply deals in upcoming tender
Russia’s largest oil producer Rosneft is near to clinching long-term deals to sell significant quantities of crude internationally, the Wall Street Journal reported on June 15, citing sources.
Kazakhstan, China expand oil and gas ties with raft of new deals
Kazakhstan has struck a number of deals this month to expand co-operation with China in the oil and gas industry, as Astana seeks closer ties with Beijing while reducing its reliance on Moscow.
Russia continues to court oil buyers in China and India as Sakhalin beckons
In a move initiated by the local head of the Russian island of Sakhalin, companies in China and India have been invited to consider investing in the region’s infrastructure.
China’s drive back to the Cretaceous in search of oil and gas
Chinese engineers have started to dig an 11-km deep borehole in the Taklimakan Desert, a part of the disputed Xinjiang Region in north-west China, in search of oil and gas.
Singapore sees surge in ship bunkering demand in May
Monthly sales of marine fuel in Singapore, the world’s largest ship refuelling hub, spiked at a five-year high in May, official data revealed.
Sri Lanka fuel deal to guarantee stable supply to energy stricken island
The government in Sri Lanka has agreed a deal with a US firm to guarantee a stable fuel supply to the island as part of a collaboration with Shell and a US fuel distributor.
Australia's Pilot, Norway's KNCC, team up on CCS project offshore Australia
Australian oil and gas firm Pilot Energy and Norwegian tech firm Knutsen NYK Carbon Carriers (KNCC) have signed an MoU on organising a solution for marine transport and offshore injection of CO2 at the Cliff Head CCS project off Perth, Australia.
Russia resumes oil exports to North Korea
Malaysia's Bumi Armada reports weaker earnings for Q1
Malaysian oilfield services provider Bumi Armada experienced a decline in revenue during the first quarter of the year, with a decrease from MYR605mn ($130.8mn) to MYR544mn ($116.7mn).
Bangladesh struggles to pay $700mn energy debt
Bangladesh state-owned energy firms Petrobangla and Bangladesh Petroleum Corp. are under pressure to pay off some $700mn in debt owed to foreign energy suppliers in order to secure future primary fuel supplies for power companies and industries.
Pakistan looks to LNG spot market, reaches deal with Azerbaijan
Pakistan is turning to the LNG spot market, with the country issuing two tenders for cargoes, Reuters reported on June 13. It marks the first time in close to a year that the country has looked to the spot market for LNG supplies.
Australia’s Tamboran Resources secures site for proposed LNG plant
Sydney-headquartered Tamboran Resources announced on June 10 that it has obtained exclusivity rights from the Northern Territory Government for the development of a 170-hectare LNG project on the Middle Arm Sustainable Development Precinct.
Chevron looks to expand Thailand gas output
Chevron Thailand Exploration and Production was awarded on 30 May a new licence in the Gulf of Thailand to explore and produce petroleum in Block G2/65, the company said last week.
India's import of discounted Russian crude oil reached a record high in May
India's import of discounted crude oil from the Russian Federation reached a record high in May, according to trade and shipping data, with state-run refiner IOC emerging as the largest importer of Russian oil, surpassing rival Reliance Industries.
India’s Pachpadra / Barmer refinery a potential game-changer in the north
The chief minister of the Indian state of Rajasthan, Ashok Gehlot, last week said the “Pachpadra Refinery is an ambitious project not only for Rajasthan but for the whole country,” referring to the combined refinery and petrochemical complex.
APAC oil and gas producers at risk of losing financing
Oil and gas firms operating in the Asia-Pacific region are likely to encounter greater challenges in securing financing for their new projects, according to a recent study conducted by the Institute for Energy Economics and Financial Analysis (IEEFA)
Asia-Pacific-focused Jadestone seeks $85mn in financing
Asia-Pacific-focused Jadestone Energy has announced its plan to secure a minimum of $85mn in financing, consisting of a $50mn equity fundraise and a $35mn standby working capital facility.
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