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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)

Indian LNG buyers issue force majeure notices

25 March 2020

India’s decision to impose a 21-day lockdown this week has reportedly driven the country’s liquefied natural gas (LNG) importers to issue force majeure notices to their suppliers.

Santos slashes spending

25 March 2020

Australia developer Santos is planning to slash capital expenditure this year and delay a major natural gas development owing to the oil price collapse.

Oilex’s asset sale to Doriemus at risk

25 March 2020

Australian independent Oilex has warned that its planned sale of assets in Australia to Doriemus is unlikely to proceed following the withdrawal of the latter company’s proposed capital raising.

Warrego trims the fat, rejects takeover bid

25 March 2020

Australian independent Warrego Energy announced plans this week to reduce its overheads after revealing that it had rejected a takeover offer from Strike Energy.

Sinopec Oilfield Service to boost capex in 2020

25 March 2020

Sinopec Oilfield Service has said it intends to boost its capital expenditure by 18% year on year in 2020.

Jadestone freezes Vietnamese gas project

25 March 2020

Singapore’s Jadestone Energy has decided to delay the Nam Du and U Minh natural gas project in Vietnam owing to the slide in oil prices.

Fitch cuts oil price outlook for 2020 from 62.5/bbl to $41/bbl on global recession fears

24 March 2020

Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.

Yantai LNG obtains approval to build import terminal

20 March 2020

China's Yantai LNG Group has been given government approval to build an LNG terminal in Shandong Province.

PetroVietnam may stockpile oil while prices are low

18 March 2020

The oil price crash has prompted PetroVietnam not only to review its spending but also to consider whether it should begin stockpiling crude.

Santos agrees to Darwin LNG, Bayu-Undan stake sale

18 March 2020

Australian developer Santos has agreed to sell down its stake in the Darwin liquefied natural gas (LNG) terminal and the Bayu-Undan gas field once its acquisition of ConocoPhillips’ northern Australian gas assets has been finalised.

Indonesia works on low oil price strategy

18 March 2020

The Indonesian government is currently trying not only to understand how the international oil price collapse will affect the domestic economy but also what opportunities it creates for the country.

Oil Search slashes budgets in response to price crash

18 March 2020

Australia-listed developer Oil Search has slashed its projected capital and investment expenditure for 2020 in response to falling international oil prices.

ONGC begins gas production from KG-D5

18 March 2020

India’s state-run Oil and Natural Gas Corp. (ONGC) has begun producing gas from its deep-water KG-DWN-98/2 (KG-D5) block in the Krishna Godavari (KG) Basin.

Sinochem refuses to buy crude from Rosneft

18 March 2020

China’s state-run Sinochem Group has reportedly refused to buy crude oil from Russia’s state-run Rosneft.

Australia’s Victoria State lifts onshore conventional gas drilling ban

18 March 2020

Australia’s southern state of Victoria has announced that it will lift its moratorium on conventional onshore gas exploration from July 2021.

Chinese crude production could prove too costly

18 March 2020

The immediate future of China’s oil production is in question given the hammering that crude prices have taken since the start of the year.

PetroVietnam’s oil output exceeds government targets

12 March 2020

State-owned PetroVietnam said it has exceeded its government-set oil and gas production target for the first two months of the year by 9.3%.

ONGC tests KG-D5 well

12 March 2020

India’s state-run Oil and Natural Gas Corp. (ONGC) has tested the first well at its deep-water KG-DWN-98/2 (KG-D5) in the Krishna Godavari (KG) Basin.

Santos makes progress on Narrabri CBM approvals

12 March 2020

The New South Wales State government has referred Santos’ Narrabri coal-bed methane (CBM) project to the Independent Planning Commission (IPC) for review, the company announced on March 11.

Senex bullish after Surat Basin results

12 March 2020

Australian independent Senex Energy has said it expects to enjoy “transformational” growth over the next few years, after its natural gas projects in Queensland’s Surat Basin outperformed original expectations.

CNOOC mulls internal merger

11 March 2020

State-owned China National Offshore Oil Corp. (CNOOC) is reportedly planning to hand control of its natural gas and power division to listed unit CNOOC Ltd.

Edited by

Andrew Kemp


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