AsianOil - Asia Oil & Gas

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Oil & Gas

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Overview

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.

Our editorial team is constantly looking for stories that cannot be found elsewhere amongst our competitors. We have interviewed leading industry figures and analysts, providing a unique and exclusive insight into the issues that matter. 

We also include “Country Profiles,” offering multi-dimensional analysis on individual regions, from the broad perspective of political and policy news, to on-the-ground information on projects and production via our network of journalists and contributors.

AsianOil is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Read a recent issue cover to cover (click the image below)

Australia's Pilot, Norway's KNCC, team up on CCS project offshore Australia

16 June 2023

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.

Malaysia's Bumi Armada reports weaker earnings for Q1

16 June 2023

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

15 June 2023

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

14 June 2023

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

14 June 2023

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

13 June 2023

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

12 June 2023

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

9 June 2023

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

9 June 2023

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

9 June 2023

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.

Chinese links to Iran raise eyebrows on oil markets

9 June 2023

Late May saw the authorities in China move to sign a number of new deals with Iran, seemingly ignoring US objections to Russia having done the same a week prior when Moscow signed 10 deals of its own related to Tehran’s oil and gas sectors.

ONGC plans $12bn investment in renewables, will go net-zero by 2038

8 June 2023

Oil and Natural Gas Corporation (ONGC) of India has announced that it will invest more than $12bn in renewable energy by 2030 with the intention of reaching its own net-zero target by 2038.

Taiwan’s Yang Ming turns to Hyundai for five LNG-fuelled vessels

8 June 2023

Leading Taiwanese shipping company Yang Ming has ordered five 15,500 tonne twenty-foot equivalent unit (TEU) LNG powered container ships from Hyundai Heavy Industries (HHI) in South Korea.

India’s LNG imports rise in May for third consecutive month

8 June 2023

Imports of LNG in India have risen in May for a third straight month, marking a sharp shift from years of weak demand for the super-chilled fuel. May’s total imports climbed to 2.7bn cubic metres.

JX Nippon acquires 2% stake from TotalEnergies for Papua New Guinea project

8 June 2023

JX Nippon Oil & Gas Exploration revealed on June 2 that it has agreed to purchase from TotalEnergies a 2.58% interest in the PRL15 licence in the Gulf Province onshore Papua New Guinea, Offshore Technology reports.

Australia tweaks taxation to secure more from LNG sector

8 June 2023

The Australian government has implemented changes to the Petroleum Resource Rent Tax (PRRT) that limit the extent to which taxable profits can be offset by deductions based on initial capital expenditure, causing mixed reactions.

Chevron produces first gas from Gorgon LNG Stage Two in Australia

8 June 2023

Chevron and its partners in the Gorgon LNG project revealed on June 6 that the production of first gas has occurred from the Gorgon Stage Two development off the coast of Western Australia, LNG Prime reports.

Indonesian Energy Minister: Pertamina to acquire Shell’s stake in Masela LNG

7 June 2023

Indonesian state energy company Pertamina will take over Shell’s 35% stake in the Masela LNG project, Reuters reported on June 5 citing the country’s energy minister, Arifin Tasrif.

Indian, Chinese oil imports from Russia reach new height in May

7 June 2023

Intake of Russian oil by China and India soared to a new height in May, as buyers continued to take advantage of discounted cargoes, while the two countries cut back on imports from the Middle East and Africa.

Saudi cuts deeper as OPEC+ extends deal

5 June 2023

Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.

PANNIER: Precarious balancing act for ‘everybody’s friend’ Central Asia

2 June 2023

West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.

Russia stuck with $1bn of rupees per month on Indian trade

2 June 2023

Russia is accumulating up to $1bn per month in rupee assets stranded outside the country due to unresolved issues in the trade relationship with India, Bloomberg reports.

Edited by

Andrew Kemp

Editor

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