AsianOil - Asia 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)

OPEC+ announces surprise output cut

2 April 2023

OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.

Australian lower house passes emissions reduction plan

30 March 2023

Australia’s lower house of Parliament on 27 March passed an emissions reduction plan that would limit the country’s greenhouse gas emissions and thus affect the operations of existing high-carbon producing facilities.

PTTEP yet to receive request to stop sending funds to Myanmar's junta government

30 March 2023

The Myanmar government (NUG) had demanded PTTEP suspend payments from gas produced at its Yadana and Zawtika fields offshore Myanmar to state-controlled Myanmar Oil & Gas Enterprise (MOGE) and deposit future revenues into an account held by the NUG.

Brookfield, EIG to acquire Origin for $12.4bn

30 March 2023

Brookfield and EIG's MidOcean Energy consortium have agreed to purchase Origin Energy, which operates in the power and LNG markets in Australia. The acquisition is worth AUD18.7bn ($12.4bn) and will pay AUD8.91 ($5.9) per share.

Southeast Asia set for $5bn of M&A action in next two years

30 March 2023

Southeast Asia is expected to see significant mergers and acquisitions (M&A) activity in the upstream sector over the next two years, according to research by Rystad Energy, with over $5bn worth of assets available for purchase.

Aramco expands downstream presence in China

30 March 2023

Aramco this week announced the investment of billions of dollars as part of its push for downstream growth in China, highlighting the company’s goals to expand in Asia.

Carrier sale in Korea sends ripples through local, foreign LNG industry

29 March 2023

South Korea’s premier LNG shipping firm, Hyundai LNG Shipping (HLS), has seen its leading investor put 100% of its stake in the regional carrier powerhouse up for sale.

Gazprom LNG supplies to GAIL India to resume

28 March 2023

A one-time subsidiary of Russian energy giant Gazprom is set to resume a long-standing LNG supply contract to GAIL India.

India considers building strategic LNG reserve

28 March 2023

India is giving thought to creating a strategic reserve for LNG following serious supply storages and price fluctuations during the Covid pandemic and the war in Ukraine, according to the finance director at Petronet, Vinod Kumar Mishra.

China looks to power more oil and gas operations with renewables

24 March 2023

China plans to use renewable energy to power enhanced oil and gas recovery operations at its fields, the country’s National Energy Administration (NEA) reported this week.

Russia fails to clinch new gas supply deal during Putin-Xi talks in Moscow

24 March 2023

Chinese President Xi Jinping has made his first trip to Moscow since war broke out in Ukraine. But among the raft of economic agreements that were signed, Russia’s hoped-for contract to supply gas via a new pipeline to China was not among them.

OPEC outlook on China pushed higher, oil bounces back

23 March 2023

The Vienna-based Organization of the Petroleum Exporting Countries (OPEC) last week increased its 2023 forecast on demand for oil in Chinese and Chinese territorial markets.

Xi, Putin meeting: “Loud thunder but few raindrops”

23 March 2023

Chinese President Xi Jinping took his leave of Russian President Vladimir Putin from a two-day visit to Moscow with a smile on his face. But despite the important show of solidarity, Putin got little in concrete terms from the Chinese leader.

Putin says Russia ready to increase oil and gas supplies to China

23 March 2023

Russian President Vladimir Putin has said that Russia is ready to increase oil supplies to China, its key energy partner, following a meeting with Chinese President Xi Jinping in Moscow on March 20-21.

India looks for LNG cargoes to open new East Coast terminal

23 March 2023

Indian Oil Corporation (IOC), the state-run entity behind the initiation and construction of the nation’s only East Coast LNG terminal, is looking for eight LNG cargoes to help kick-start operations at the Dharmra site in the state of Odisha.

Pakistan waits for Russian crude, US reminds of price cap

22 March 2023

Pakistan is awaiting its first shipment of discounted Russian crude oil in early April. Islamabad has negotiated with Moscow for several months, hoping to secure a deal that will allow some alleviation of the country’s foreign currency crisis.

Russia becomes China’s top oil supplier in 2M23

22 March 2023

Russia overtook Saudi Arabia to become China's top crude oil supplier in the first two months of 2023, Reuters reported citing Chinese government customs data and attributing the growth to buyers snapping up sanctioned Russian oil at steep discounts.

Jadestone delays Montara restart

16 March 2023

Jadestone Energy has had to postpone the restart of production at its Montara project off the coast of Australia, it said this week. The project was closed down in August 2022 after a leak was discovered.

Prime Infrastructure plans new gas wells at Philippines' Malampaya project ahead of IPO

16 March 2023

Philippine holding company Prime Infrastructure Capital plans to sink more wells at the country’s sole natural gas project for launch in 2026, and wants to develop other fields to maintain production for longer.

Shell closes Malaysian field stake sales

16 March 2023

Shell’s Malaysian unit has wrapped up the sale of stakes in two offshore production-sharing contracts in the country’s Baram Delta to domestic player Petroleum Sarawak Exploration & Production (PSEP), the former reported this week.

Edited by

Andrew Kemp

Editor

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