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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)
India plans major autumn bidding round, minister says investment opportunities worth $100bn
India’s Directorate General of Hydrocarbons is planning to launch the country’s 10th bidding round in August or September this year. The new search for oil and gas assets on- and offshore India will come under the Open Acreage Licensing Policy.
Cambodia's fuel demand heats up in first half of 2024
Cambodia's thirst for oil is on the rise, with imports of diesel fuel and petroleum oils surging by 22% in the first half of 2024, according to a report released by the Ministry of Commerce on July 16
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
CNOOC reports strong test-flow result in Bohai Bay
China's state-owned offshore oil and gas operator CNOOC announced on July 15 a strong result at a discovery well in the Bohai Bay.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
Longboat wraps up Norwegian sale, focuses on Malaysia
London-listed Longboat Energy reported on July 15 it had completed the sale of its Norwegian business for $2.5mn, as it looks to shift its focus to assets in Malaysia.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
AIM-listed Petro Matad wants initial oil production at Mongolia Heron field by year-end
Southeast Asia is looking forward to a $100bn offshore gas production investment bonanza
Southeast Asia is looking forward to an offshore gas production investment bonanza where investment more than double to $100bn in the coming years as long-delayed projects receive their FIDs thanks to a growing demand for energy in the region.
Vietnam proposes tighter regulations for key petroleum traders
Vietnam's Ministry of Industry and Trade (MOIT) has proposed stricter regulations for key petroleum trading enterprises in the third draft of the Decree on petroleum trading.
SapuraOMV launches key gas field off Malaysia
Malaysian oil and gas producer SapuraOMV has brought on stream its flagship Jerun gas project off the coast of Sarawak, the company announced this week.
BP predicts 40% rise in LNG demand by 2030
UK supermajor BP forecasts that global demand for LNG will climb by as much as 40% by the end of the decade in comparison to 2022 levels, the company stated in its 2024 energy outlook.
Global LNG trade rises by 3.1% in 2023
Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.
Russia’s Novatek seeks to gain foothold in China’s LNG market
Russian state-run LNG developer Novatek has offered part of an LNG cargo to China as its new China marketing arm pushes to break into China’s massive domestic gas market.
Indonesia's oil production decline amid efforts to boost output
Despite efforts to increase saleable oil production, Indonesia’s oil output continued to decline in the first half of 2024.
Indonesian government faces challenges in continuing specific natural gas price programme
The government's decision to continue the Specific Natural Gas Price programme will face numerous challenges,
PT Kilang Pertamina Internasional advances green refinery project in Cilacap
PT Kilang Pertamina Internasional (KPI), a subholding of Refinery & Petrochemical Pertamina, is progressing with the Green Refinery Cilacap project, a National Strategic Project aiming for a biofuel production capacity of up to 6,000 barrels
Australian regulator now warns of gas shortage by 2027
The Australian Competition and Consumer Commission has again warned that the country’s populated East Coast could face a gas supply shortfall by 2027 and has urged that new supply sources be developed.
Upland Resources advances plans for Malaysian Block SK 334 with key contractor selections
London-listed Upland Resources has identified the contractors it aims to collaborate with for its Block SK 334 asset in Malaysia, as it seeks potential farm-in partners
Indian majors eye long-term oil supply deal with Brazil's Petrobras
Indian oil majors Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL) are negotiating long-term crude oil supply contracts with Brazilian producer Petrobras.
SapuraOMV launches key gas field off Malaysia
Malaysian oil and gas producer SapuraOMV has brought on stream its flagship Jerun gas project off the coast of Sarawak.
Sinopec achieves record oil, gas flow in South China Sea
Shanghai Offshore Petroleum Co., a division of China’s Sinopec, has achieved a record daily oil and gas well flow result in the Beibu Gulf basin of the South China Sea
New Zealand seeks feedback on CCUS regulation
New Zealand’s coalition government began a consultation on July 9 on establishing a regulatory framework for carbon capture, utilisation and storage that would provide project developers with New Zealand emissions units.
President Joko Widodo discusses gas price policy with cabinet ministers
President Joko Widodo convened the ministers of the Advanced Indonesia Cabinet at the Presidential Palace in Jakarta on July 8. The meeting focused on the continuation of the Specific Natural Gas Price (HGBT) policy
Australian gas producer Santos eyed by at least two high-flying suitors
Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) are separately evaluating potential bids for Australia's Santos, the continent’s oil and gas exploration giant.
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