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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)
Lessons from the Sino-Russia Power of Siberia 1 deal for the second gas pipeline deal
The key deal under discussion during Chinese President Xi Jinping's three-day trip to Moscow in March to meet with President Vladimir Putin was the construction of a second Power of Siberia gas pipeline to re-orientate Russia gas exports eastwards.
Australian super-funds rubbing conservationists the wrong way
The 15 largest so-called ‘super-funds’ in Australia have reportedly pumped over $25bn into coal, gas and oil developments. An ACF report revealed that Australian Super, a superannuation fund, had put $10bn into developing fossil fuel projects.
Hong Kong readies for launch of LNG terminal
Preparations are underway for the launch of the offshore Hong Kong LNG terminal following the floating storage and regasification unit’s (FSRU) completion of checks and clearance procedures.
AsianOil: Australian gas lobby welcomes hydrogen report
Russian oil production, exports above pre-war levels, revenues down
Russia's crude export volumes have exceeded those hit before the invasion of Ukraine, as China and India buy almost all of this oil, but Russia’s budget received 43% lower revenues in the first two months of 2023 against the same period in 2022.
Australian gas lobby welcomes hydrogen report
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the release of the 2022 State of Hydrogen report as an important step towards achieving net-zero emissions.
Beach suffers setbacks at Thylacine project off Australia
Beach Energy, an Australian independent, has encountered a setback at its Thylacine-Geographe gas project in the Otway Basin offshore Victoria, Australia, it said this week.
China greenlights CNOOC's offshore wind plans
China has endorsed Chinese offshore operator CNOOC Ltd’s plan to build a massive offshore wind farm in the South China Sea. This move is part of the government's plan to reduce carbon emissions, by powering offshore oil and gas fields with wind.
Indonesia offers up rights to three more oil, gas blocks
Indonesia has invited bids for three oil and gas exploration blocks in its first licensing round of the year, its energy ministry said this week, estimating the acreage to contain over 2.4bn barrels of oil and 9 tcf (255 bcm) of natural gas.
French firm Technip Energies wins major LNG deal in China
French firm Technip Energies has secured what is being termed a significant deal with the north-west China-based Shaanxi Yanchang Petroleum Group, and Shaanxi Gas Group.
Tellurian seeks Japanese and Indian investment for Driftwood LNG project
US LNG developer Tellurian is holding discussions with Japanese and Indian companies on potential investment in Tellurian’s planned Driftwood LNG terminal, the company’s CEO Octavio Simoes told Nikkei on April 11.
Sinopec becomes partner QatarEnergy’s NFE project
State-owned QatarEnergy this week signed a partnership deal with China Petrochemical Corp. (Sinopec) for the North Field East (NFE) expansion project.
Aussie LNG exports reconsidered to aid in local fuel supply
With winter fast approaching in the southern hemisphere, Australian authorities are pondering whether to limit LNG exports as winter Down Under threatens possible power supply risks.
Gas supply forecast for eastern Australia improves: ACCC
Turkish parliament addresses gas hub plan
Turkey’s parliament has approved the first legislative measures needed to create an international gas hub that will be able to market gas to Europe, according to the country’s Minister of Energy Fatih Donmez.
AsianOil: Vietnam’s first LNG terminal sees Korean input
Vietnam’s first LNG terminal sees Korean input
A branch of the Korean Samsung conglomerate, Samsung C&T has won the rights to close out Vietnam’s first ever LNG import terminal. The project, known as the Thi Vai LNG Terminal, is located 25 km to the south-east of Ho Chi Minh.
Samsung Heavy Industries continues to pull in LNG carrier orders
South Korea’s Samsung Heavy Industries (SHI) has won another order for a pair of state-of-the-art LNG carriers for an as yet unconfirmed Asia-Pacific region buyer.
Japan’s JFE wins large-scale terminal deal in Taiwan
A Japanese engineering firm has been awarded a $230mn contract to oversee the planning and construction of a large-scale LNG receiving terminal in the north-west of Taiwan.
Global gas flaring drops 3% in 2022
The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.
Philippines purchases first-ever LNG cargo
The Philippines has bought the first-ever LNG cargo in the country’s history. The delivery will be made in mid-April to the country’s first LNG terminal at Batangas Bay, which is located about 150 km south of Manila.
Japan's purchases of Russian oil exceed G7 price cap
Japan has been purchasing Russian crude oil at a price that exceeds the $60 per barrel price cap set by the G7 nations and Australia earlier this year, according to a recent report in the Wall Street Journal.
Malaysia willing to discuss South China Sea with Beijing
Malaysian Prime Minister Anwar Ibrahim said this week his country is willing to negotiate with China over disputed claims to territory in the South China Sea.
India, Russia adopt Dubai grade for pricing oil trade
Russia’s top oil producer Rosneft and India’s largest oil refiner Indian Oil Corp. have agreed to use the Asia-oriented Dubai oil price benchmark in their latest agreement to ship Russian crude to India.
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