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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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Chevron and partners sign off on Gorgon Phase 3 development
Chevron’s Australian arm announced on December 5 that partners in the Gorgon joint venture have signed off on the A$3bn Gorgon Stage 3 development off the northwest coast of Western Australia.
TotalEnergies and Petronas to drill Papua New Guinea’s first deepwater well in 2026
As Papua New Guinea’s business community looks towards 2026 with anticipation over whether TotalEnergies will give the green light to the long-awaited Papua LNG project
Eni strikes promising wet gas discovery at Konta-1 offshore East Kalimantan
Italian energy major Eni is reported to have made a notable wet gas discovery at the Konta-1 wildcat well offshore East Kalimantan, Indonesia
Malaysia’s MISC secures Petronas Carigali contract for Brunei offshore gas FPSO
Malaysia’s MISC has received a letter of award from Petronas Carigali to supply a Floating Production, Storage and Offloading (FPSO) vessel for a major offshore natural gas development in Brunei
China’s November crude imports from Iran hit four-month high
China’s crude oil imports from Iran surged to their highest level in four months in November, according to data from analytics firm Kpler.
Russia faces difficulties keeping Arctic LNG-2 gas flowing
The combination of climatic constraints, discounted sales and a shrinking pool of friendly terminals underscores Russia’s high cost of keeping sanctioned LNG flowing.
Philippines fuel prices set to rise on December 9
Fuel costs are likely to climb next week as global market movements filter through to domestic pump rates, according to Philippine oil industry officials on December 5.
US sanctions widen net around Singapore-linked maritime firms over Iranian oil trade
The United States has expanded its sanctions regime against Iran, sweeping in at least ten entities linked to Singapore’s maritime and trading ecosystem amid allegations that they facilitated the movement of Iranian oil and petrochemical products.
Bangladesh’s costly reliance on Singapore fuel leaves consumers exposed
Bangladesh’s growing dependence on Singapore for refined fuel imports is proving expensive, with consumers seeing little benefit from falling global oil and shipping costs.
Andaman offshore push set to attract global oil investors
Confidence in the Andaman basin has grown following significant discoveries in neighbouring waters. In the southern Andaman Sea, Indonesia confirmed proven gas reserves of between 6 trillion and 7 trillion cubic feet roughly two years ago.
Vietnam approves 60-GW power expansion by 2035
Vietnam’s Prime Minister has endorsed a revised list of major national energy programmes and priority projects, outlining plans to add approximately 60.3 GW of new electricity generation capacity between 2025 and 2035
Cambodia’s oil sector strengthened by Block VIII findings
Angkor Resources has confirmed a promising new target at Mussel Basin on its Block VIII onshore oil and gas licence in Cambodia. This follows the identification of three major closed anticline structures at South Bokor, Central Bokor, and North Bokor
COMMENT: Putin's India visit concludes with multiple promises of deeper cooperation
While the two sides inked over 16 agreements, a clear pivot towards high-technology sectors, critical minerals, and joint manufacturing ventures dominated much of the agenda.
Malaysia rejects World Bank proposal, keeps RON 95 petrol at $0.48
Malaysia has rejected a World Bank proposal to align domestic petrol prices with global market rates, keeping RON 95 petrol at around IDR8,000 ($0.48) per litre
Malaysia unveils massive Maharani Energy Freeport, raises competitive stakes for Batam and Singapore
Malaysia has launched the Maharani Energy Freeport in Johor, positioning it as a deep-water alternative to Singapore and a future zero-tax hub for regional energy trade
Putin’s India visit drives talks on trade targets and payment hurdles
India and Russia are likely to use President Vladimir Putin’s December 4-5 2025 visit to deepen economic ties while attempting to rebalance a trade relationship dominated by energy flows and military supplies
Putin questions US criticism of India’s Russian oil imports during New Delhi visit
Russian President Vladimir Putin used the start of his state visit to India on December 4 to challenge Washington’s objections to New Delhi’s oil purchases from Moscow
Thailand’s PTTEP plans major $33bn investment push
PTT Exploration and Production (PTTEP) has unveiled its investment plan for 2026, outlining a total budget of $7.73bn and targeting an 8% rise in sales volume
Petrol rises in Vietnam while oil prices fall in latest domestic adjustment
Vietnam’s petrol and oil prices moved in opposite directions on December 4 afternoon following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance
HD KSOE unit secures major LNG carrier contract as Hyundai Group reshapes shipbuilding portfolio
The vessel to be built by HD Hyundai Samho Heavy Industries is scheduled for delivery by the end of 2028, adding momentum to the group’s pipeline of high-value gas transportation projects.
Pertamina airlifts emergency fuel into isolated Aceh districts after man-made disasters block roads
Fuel distribution arm PT Pertamina Patra Niaga resorted to small charter aircraft to deliver essential petrol supplies to two disaster-impacted districts in Aceh after continuous land access was cut off by severe natural hazards over recent days
Turkey’s TPOC completes entry into three blocks onshore and offshore Pakistan
Turkish Petroleum Overseas Company (TPOC) has reportedly completed its entry into three blocks in Pakistan.
Indian companies preparing technological equipment for Mongolia’s first oil refinery, first components reported ready for shipment
Chinese teapot refiners step up Iranian crude intake
China’s private refiners have ramped up purchases of Iranian crude from bonded storage and tankers anchored off the country’s coast after Beijing issued new import quotas late last month.
Australia's Jemena unveils Northern Territory gas strategy
Australian energy-infrastructure company Jemena has unveiled a Northern Territory gas strategy aimed at delivering early volumes from the Beetaloo Basin to the east coast from 2026.
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