AsianOil - Asia Oil & Gas

The UK's Subsea7 lands pipe replacement deal with Shell offshore Brunei

The UK’s Subsea7 has secured a contract worth between $50mn and $150mn from Brunei Shell Petroleum (BSP) for the replacement of subsea pipelines offshore Brunei.

Malaysian oil servicing firm Vantris scores $196mn in drilling contracts

The awards comprise a transportation and installation work order from Malaysian oil major Petronas, assignment for one tender-assisted drilling rig and a separate drilling contract from Petronas subsidiary Vestigo Petroleum.

Central Petroleum breaks ground on two new wells at Palm Valley field in Australia

Central Petroleum has begun drilling the first of two new wells at the Palm Valley gas field in Australia’s Northern Territory, aiming to more than double the field’s available production capacity.

Australian operator Elixir reports peak gas flow from appraisal well in Queensland's Taroom Trough

Elixir Energy has reported a peak gas flow of 10.4mn cubic feet (13 TJ) per day, from the Lorelle-3H appraisal well in Queensland’s Taroom Trough, although the well’s more stable 12-hour rate was substantially lower.

Australian environmental agency takes Japan's Inpex to court over alleged under-reporting of emissions

The Japanese firm is alleged to have under-reported benzene and toluene emissions from its Ichthys LNG plant near Darwin between 2019 and 2024.

Australia's government challenges Beetaloo gas-to-data plan in Northern Territory

Australia’s federal government has cast doubt on plans to use Northern Territory shale gas to power a major data-centre development near Darwin, warning that gas-only projects would fail proposed national standards.

Shell and PetroChina greenlight next phase of Surat gas project in Australi's Queensland region

Shell and PetroChina have approved the next phase of their Arrow Energy joint venture’s Surat gas project in Queensland, targeting peak production of 79mn cubic feet (84 TJ) per day from 143 new coal-seam gas wells.

Beach Energy warns Australia's gas reservation plan could lead it to redirect investments

The company claimed that the measures would depress its returns from selling gas to the wholesale market.

Philippines' PXP Energy loss widens on low crude

Manuel V. Pangilinan-led PXP Energy Corp. reported a widened core net loss of PHP25.7mn ($424,000), down from PHP21.1mn in 2025, the company announced on August 4.

Turkish refiner Tupras orders four tankers from Korea's Daehan, Samsung for $370mn

Company has also purchased a second-hand Aframax tanker undergoing work at a Chinese CSSC subsidiary for $90mn.

Bangladesh eyes fast LNG imports from neighbouring Myanmar

Bangladesh is looking to Myanmar for faster LNG supplies as a worsening gas shortage puts pressure on power generation and industry.

South Korea plans to start importing Argentine crude in 2027

South Korea plans to begin importing crude oil from Argentina in 2027 with initial purchases of about 880,000 barrels as Seoul seeks to diversify energy supplies away from the Middle East.

Indian state owned hydrocarbon company reports progress on mega project

ONGC accounts for the majority of India's domestic crude oil and natural gas output

Indonesia pivots crude imports toward African suppliers

Indonesia is diversifying its crude oil procurement to safeguard national strategic reserves

Norwegian Subsea7 secures $50mn–$150mn pipeline replacement contract from Brunei Shell Petroleum

Norwegian engineering company Subsea7 S.A. (OTCMKTS: SUBCY) has secured a major contract from Brunei Shell Petroleum (BSP)

Thai baht nears 15-month low as oil prices rise

The Thai baht has fallen to its weakest level in more than 15 months, pressured by higher oil prices, a stronger US dollar and elevated US Treasury yields.

Lao state fuel enterprise profit jumps 70% in 2025

Laos’ state-owned fuel company increased its profit by more than 70% in 2025 as it prepares for a possible stock market listing.

South Korea steps up naphtha supply planning as prices jump

International naphtha prices stood at $862 a tonne on July 31, up 2.6% from the previous day. Prices have risen 31.2%, or $205 a tonne, over the past month and 60.5%, or $325 a tonne, since the start of the year.

Iran war nearly wipes out India's discount on Russian oil

Urals crude is now offered to Indian refiners at just $1-2 a barrel below Dated Brent, down from more than $10 in early July, as Hormuz risk pulls buyers back to Russian grades.

India rebuilds its crude stockpile on record Russian oil imports

India has quietly rebuilt its crude oil inventories in 2026 by leaning harder than ever on discounted Russian supply, with Russian crude accounting for around 55% of India's total imports in June.

India approves offshore energy exploration scheme

South Korea to start buying Argentine crude in 2027

The initial 880,000-barrel purchase is small, but Seoul says it could grow as Argentina's oil and gas production and export capacity expand.

Singapore awards eight new LNG bunkering licenses, upgrades TR56 standards

Pakistan approves refinery policy amendments to modernise oil sector

Pakistan's Cabinet Committee on Energy has approved amendments to the Pakistan Oil Refining Policy 2023, paving the way for the modernisation of the country's existing oil refineries as part of a broader strategy to strengthen energy security.

Myanmar secures fuel supplies after four tankers dock

Fuel deliveries to Myanmar received a boost after four tankers arrived at Thilawa Port, as authorities stepped up efforts to safeguard domestic supplies.