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.

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

Indonesia squeezes Singapore as gas nationalism crosses a new line

31 October 2026

Indonesia has started using its gas as a political lever against Singapore, first cutting pipeline deliveries and then questioning what the city state does with Indonesian LNG.

South Korea eases diesel curbs as Asia rethinks fuel security

30 October 2026

South Korea will let its refiners export more diesel from November, as Asian governments ease wartime fuel controls only as far as their own supplies allow.

China set to lose world's largest LNG importer status to Japan as demand weakens

30 October 2026

China is on course to lose its position as the world's largest LNG importer to Japan in 2026, as elevated international prices, stronger domestic gas production and expanding pipeline supplies undermine demand for seaborne imports.

Indonesia's gas security push threatens export ambitions

30 October 2026

Indonesia is considering further restrictions on natural gas exports as it seeks to secure supplies for domestic power generation and industrial development.

Greater Sunrise faces new uncertainty as Timor-Leste searches for operator

30 October 2026

Timor-Leste is seeking a new international operator for the long-delayed Greater Sunrise gas development following Woodside Energy's decision to withdraw.

China export U-turn sends Asian gasoline margins crashing

30 October 2026

Asian gasoline refining margins have fallen almost 80% from their October peak after Beijing unexpectedly released more fuel export quotas, exposing the fragility of a market that had benefited from severe supply disruptions.

Abadi LNG secures domestic buyers but financing remains key obstacle

30 October 2026

Indonesia's $21bn Abadi LNG development has secured new gas supply agreements with three domestic buyers, marking an important step towards commercialising the long-delayed project.

India's LNG import bill jumps 23% despite modest growth in volumes

30 October 2026

India's LNG import bill rose by 23% year on year to $8.5bn during April–September 2026, as soaring international gas prices and disruptions to Middle Eastern supplies drove up costs despite only a modest increase in import volumes.

Eni starts Maha gas production offshore Indonesia, boosting supply to Bontang LNG

30 October 2026

Italy's Eni has started natural gas production from the offshore Maha field in Indonesia's Kutei Basin, adding new supplies for domestic consumers and the Bontang LNG export complex as the country seeks to reverse declining gas output.

Reliance profit surges 41% as refining margins strengthen

30 October 2026

India's Reliance Industries reported a 40.6% year-on-year increase in net profit to INR255.48bn during July–September, driven by stronger refining margins and higher petrochemical earnings amid global supply disruptions.

China's oil giants reap windfall as domestic fuel demand slumps

30 October 2026

PetroChina and Sinopec have reported sharply higher profits despite falling refinery throughput and fuel sales, highlighting how elevated oil prices and stronger margins are masking structural weakness in China's petroleum market.

Bangladesh seeks more US LNG deals as Qatar supply crisis deepens

30 October 2026

Bangladesh is negotiating additional long-term LNG supply agreements with US companies as it seeks to diversify imports and reduce its dependence on Middle Eastern suppliers following prolonged disruption to Qatari deliveries.

Indonesia plans new agency to accelerate upstream oil and gas investment

30 October 2026

Indonesia plans to establish a new agency with sweeping authority over upstream oil and gas permitting, as the government seeks to attract foreign investment, accelerate exploration and reverse declining domestic production.

Australia’s Santos faces regulatory scrutiny over Barossa gas flaring

30 October 2026

Australian energy producer Santos is facing renewed regulatory scrutiny over excessive gas flaring and fuel consumption at its $5.6bn Barossa LNG development.

Indonesia-focused Searah targets three Kutei Basin gas developments for start-up in 2028–29

30 October 2026

Eni and Petronas joint venture Searah is targeting the start-up of three major gas developments in Indonesia's offshore Kutei Basin during 2028–2029, as the partners seek to substantially increase production and support LNG exports.

MedcoEnergi signs three gas supply agreements to strengthen Indonesia's domestic market

30 October 2026

Indonesia's MedcoEnergi and its upstream partners have signed three natural gas supply agreements covering production from the Sakakemang, South Sumatera and Senoro-Toili blocks.

Profit at India’s GAIL more than doubles as gas marketing earnings surge

30 October 2026

India's state-owned GAIL more than doubled its net profit in the July–September quarter, supported by stronger natural gas marketing revenues as domestic demand recovered from disruptions caused by the Middle East conflict.

Indonesia’s PGN reports 17% increase in nine-month profit as gas earnings improve

30 October 2026

Indonesia's state-controlled gas distributor Perusahaan Gas Negara reported a 17.3% year-on-year increase in consolidated net profit to $397.3mn during the first nine months of 2026.

Malaysia's T7 Global wins three-year offshore contract from Petronas–Eni venture

30 October 2026

Malaysia's T7 Global has secured a three-year contract to provide offshore hook-up and commissioning services for Searah, the oil joint venture between Petronas and Italy's Eni.

BP and Inpex prepare seismic surveys offshore Indonesia in November

30 October 2026

BP and Japan's Inpex are preparing to launch seismic surveys offshore Bali in November as part of efforts to identify new oil and gas reserves in Indonesia.

Indonesian petchem firm Chandra Asri profits plunge despite 60% revenue growth

30 October 2026

Indonesia's Chandra Asri Pacific reported a 76.1% year-on-year decline in net profit to $394.9mn during the first nine months of 2026, despite a sharp increase in revenue.

Indonesia considers more competitive fiscal incentives to attract upstream investors

30 October 2026

Indonesia is considering more competitive fiscal incentives for oil and gas producers as it seeks to attract international investment and reverse declining domestic production.

Petronas, Chevron and TotalEnergies eye new Indonesian exploration opportunities

30 October 2026

Malaysia's Petronas, US major Chevron and France's TotalEnergies are considering new oil and gas exploration partnerships in Indonesia, as Jakarta seeks to attract international investment into its upstream sector.

Singapore oil product inventories rise as distillate stocks recover

30 October 2026

Singapore's onshore petroleum product inventories increased by 0.9% week on week to 38.49mn barrels in the week ending October 28, supported by higher gasoline, diesel and jet fuel stocks.

Edited by

Andrew Kemp

Editor

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