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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)
Uzma lands Valeura deal for Gulf of Thailand project
Malaysia-based energy industry services firm Uzma has landed a contract with oil firm Valeura Energy through its subsidiary MMSVS in Thailand. The contract, spanning three years, involves the provision of coil tubing equipment and services.
Hyundai bags LPG carrier order from UK-based shipping firm
Korean industrial heavyweight Hyundai have bagged an order placed by the UK-based shipping firm Purus Marine for four medium-sized LPG carriers. Reports indicate that all of the 45,000 cubic metre capacity carriers will be ammonia-ready at delivery.
Korea Maritime Industries seeks to block foreign sale of Hyundai LNG Shipping
The proposed sale of South Korea’s Hyundai LNG Shipping to a foreign company has sparked concerns among South Korea’s maritime industry over the nation’s energy security.
Pakistan and India looking for ways to pay for Russian oil
After having placed an order for a single cargo of Russian oil, Pakistan is looking to close long-term deals for sanctioned crude payable in Chinese yuan through a direct currency swap arrangement with China.
Pakistanis turn to Iranian diesel in face of record inflation
Pakistan’s failing economy and record high inflation have prompted Pakistani drivers to turn to smuggled Iranian diesel, which is selling at a discount to that produced by Pakistan’s refineries.
China's imports from Russia soar on booming oil purchases
China's imports from Russia have increased significantly faster than its exports to its Northern neighbour since February 2022, resulting in China's trade deficit with Russia reaching an all-time high of over $35bn.
China State Shipbuilding delivers the world’s largest VLGC
A subsidiary of China State Shipbuilding Corporation (CSSC) has finished construction on, and delivered, the world’s largest ever ‘very large liquefied gas carrier’ (VLGC) to Singapore from where it will initially be based.
Shell sells stake in Australia’s Browse project to BP
Shell Australia announced on 29 April that it had signed an agreement with BP regarding the sale of Shell’s 27% interest in the Browse project off the north-west coast of Australia.
Valeura Energy restarts Thailand’s Wassana oilfield
Canadian independent Valeura Energy has restarted oil production at the Wassana oilfield in the Gulf of Thailand after a hiatus of three years. The company has a made a number of recent changes in its Thailand operations.
Vietnam joins Asia’s LNG-reliant nations
PetroVietnam Gas, a branch of the Vietnam Oil and Gas Group, the nation’s state-owned energy entity based in Hanoi, is looking to purchase a first ever cargo of LNG to commission a newly built import terminal in the extreme south of the country.
Philippines commissions first LNG terminal
The Philippines has launched commissioning activities at its first LNG import terminal with the arrival of the 137,500 cubic metre ISH floating storage unit (FSU) on April 26 at the terminal jetty in Batangas Bay about 100 km south of Manila.
Indian dividends from Russia blocked by SWIFT ban
The ongoing war in Ukraine is now creating a series of financially worrying knock-on effects across the Indian subcontinent, thanks to the ongoing SWIFT ban on Russian cross-border transactions.
Middle East covers almost all Japan oil imports during March
Despite some recent controversy about G7 member Japan buying crude oil from Russia’s Sahkalin project, almost all of Japan’s oil imports during March originated in the Middle East, with Saudi Arabia being the largest supplier.
Kumul Petroleum delays purchase of stake in PNG LNG from Santos
Papua New Guinea state-owned Kumul Petroleum has delayed an agreement to purchase a 5% stake in the PNG LNG project from Santos, the Australian firm and Papua New Guinea Prime Minister said on May 1.
World’s biggest buyer of LNG expects volatile year ahead
Japanese energy company JERA, the world’s biggest purchaser of LNG, says there is a risk of more market volatility throughout 2023.
AsianOil: Russia to overtake Middle East in April as India’s biggest supplier of crude imports
Mongolia starts construction of pipeline via which oil will reach country’s first refinery
Reports suggest Iran’s seizure of tanker is retaliation for US effort to arrest vessel carrying Iranian oil cargo
JERA agrees to purchase LNG from Venture Global in 20-year deal
Under the terms of the free on board deal, JERA will buy roughly 1mn tpy of LNG from the Venture Global-operated CP2 project to be located in Cameron Parish, Louisiana.
Pakistan thrown a crude lifeline by Moscow
The crude deal was agreed following a visit to Pakistan by a high-level Russian delegation earlier in the year headed by Russian Energy Minister Nikolay Shulginov.
India’s north-eastern states working to facilitate oil search
In the extreme and very remote north-east of India, the chief ministers of the states of Assam and Arunachal Pradesh have given a green light to oil exploration measures after agreeing to settle long-standing border disputes going back generations.
Russia to overtake Middle East in April as India’s biggest supplier of crude imports
Russia is set to overtake India’s tradition supplies of crude oil from the Middle East to become the biggest supplier as imports rise to record levels in April.
Australian government plans extension to cap on domestic gas prices
The government of Australian Prime Minister Anthony Albanese is proposing to extend a price cap set on gas prices last December to 1 July, 2025.
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