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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)
China jacks up retail gasoline and diesel prices, passing Hormuz crisis costs to consumers
China raised its regulated retail price ceilings for gasoline and diesel from July 18, passing part of the recent increase in international crude prices on to domestic consumers.
Discount on Russia's Urals oil widened in first half of July but could shrink again as US-Iran conflict once more escalates
As the US-Iran conflict is now escalating once more, the discount could shrink during the remainder of this month and Urals could even regain its premium.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Indonesia breaks ground on $21bn Abadi Masela LNG megaproject
Unlocking one of the largest offshore gas reserves in the Asia-Pacific region, Indonesia has launched an upstream megaproject of the Abadi Masela LNG Block National Strategic Project.
China's 'impossible' gas price risks killing off Power of Siberia-2
China has effectively priced Russia's flagship Power of Siberia-2 gas pipeline out of existence, demanding a price for gas that analysts say would make the project uneconomic.
Africa's LNG ambitions gather pace amid record global trade, says IGU report
Africa is steadily carving out a more prominent role in the global LNG industry.
Tetragon Energy partners with Philippines-based DUG Technology for $1.45mn Sulu Sea block
A Western Australia-based energy explorer has activated its data engineering phase by launching a high-tech exploration programme to unlock major offshore oil and gas prospects in the Philippines
Vietnam’s demand boosts prospects for US ethanol exports
Vietnam is emerging as an increasingly important destination for US ethanol, driven by stronger biofuel policies and rising fuel consumption.
China slams new US bill targeting buyers of Russian oil and gas
China has condemned a revised US sanctions bill that would authorise tariffs against leading buyers of Russian oil and natural gas, including China.
China reportedly demands steep discount on Russia's Power of Siberia 2 gas
Chinese officials delivered the demand to a Gazprom delegation that travelled to Beijing ahead of Russian President Vladimir Putin’s May visit.
Russia approves agreement with India to develop the Northern Sea Route
Russia has authorised state nuclear corporation Rosatom to sign an agreement with India aimed at expanding cargo shipments along the Northern Sea Route.
Sri Lanka seeks bids from Russian crude from Rosneft and Zarubezhneft
Sri Lanka’s state-run Ceylon Petroleum Corp. has registered Russia’s Rosneft and Zarubezhneft as crude suppliers, allowing them to bid for contracts serving the country’s sole refinery.
Aberdeen-based oil service provider Unity scores first major Asia-Pacific contract
The companies will deploy Unity’s proprietary surface intervention system for an unnamed international offshore operator.
Malaysia's Velesto scraps $63mn sale of jack-up rig to Indonesia Drilling after deadline passes
Malaysia’s Velesto Energy has terminated the planned $63mn sale of its NAGA 3 jack-up rig to Indonesia’s PT Indonesia Drilling Energy after the transaction failed to close by the agreed deadline.
Australia's Tetragon dishes out $1.5mn contract to DUG for reprocessing seismic at two offshore Philippine oil blocks
Newly-listed Australian oil explorer Tetragon Energy has awarded DUG Technology a $1.45mn contract to reprocess seismic data across two offshore Philippine blocks.
India's ONGC approves 12.8mn-barrel strategic petroleum reserve
India’s ONGC has approved in principle a 12.8mn barrel strategic petroleum reserve at Mangalore, seeking to strengthen the country’s emergency crude stocks following disruption to supplies through the Strait of Hormuz.
Sunda Energy seeks permit to gas discovery off New Zealand
London-listed operator Sunda Energy has applied for an exploration permit covering the undeveloped Awakino gas-condensate discovery offshore New Zealand.
Chevron seeks approvals for surveys to support LNG production at Gorgon in Australia
The surveys will support engineering work for the fields’ future development as part of Gorgon’s wider backfill programme.
Malaysia's Petronas strikes small-scale LNG deal with Japan's Shizuoka Gas
Malaysia’s Petronas has agreed to supply Japan’s Shizuoka Gas with approximately 0.84mn tonnes of LNG over seven years from fiscal 2032.
Malaysia defends fuel subsidy programme amid fiscal reform criticism
Malaysia’s Prime Minister has declared a welfare milestone, defending the state's multi-billion-ringgit safety net against intense parliamentary pushback over fiscal restructuring
Singapore, Japan sign bilateral pact to tighten energy anti-monopoly rules
Responding to fuel import vulnerabilities and the growth of data centres across Asia, energy watchdogs from Singapore and Japan have locked in a regulatory alliance.
Vietnam assures full traceability of E10 petrol to boost consumer confidence
Vietnam has assured motorists that every batch of E10 petrol can be tracked throughout the supply chain, as officials seek to strengthen public confidence following the nationwide introduction of the biofuel.
Tajikistan teams up with China to launch fresh attempts to find hydrocarbons
Authorities in Tajikistan are preparing to once more launch attempts to find domestic hydrocarbon supplies, with the country’s fuel reserves down to the equivalent of two months’ supply amid Ukrainian drone attacks on Russian refineries.
Tankers stack up off Fujairah as Hormuz becomes contested chokepoint
Ship-tracking data shows tankers clustering at anchorages off Fujairah, Khor Fakkan and Sohar rather than transiting the Strait of Hormuz, as a US cargo levy, Iranian tolls and mining claims turn the waterway into a contested chokepoint.
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