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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)
Cooper’s losses widen in 2019-2020
Australian independent Cooper Energy has posted an AUD86mn ($62.7mn) net loss for financial year 2019-2020, a widening on the previous year’s net loss of AUD12.1mn ($8.82mn).
PetroChina, Ovintiv terminate Duvernay joint venture
State-run PetroChina and independent Ovintiv have terminated their eight-year old joint venture that operates assets in the liquid-rich Duvernay shale gas play in Alberta Province.
ONGC adopts conservative acquisitions outlook
India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is wary about investing in overseas while international oil prices continue to trade around $45 per barrel.
NRG: Risks to stability
Kazakhstan significantly cuts oil shipments to China
Malaysia's DNeX to consolidate control over Ping Petroleum
Chevron to avoid Gorgon closure with staggered shutdown of trains
Chevron has been granted permission to stagger the closure of Trains 1 and 3 at its Gorgon LNG terminal in Australia for inspections and maintenance.
Australia’s gas plans appear to be on shaky ground
The Australian government does not appear to have noticed that its plans to bolster gas-fired power generation (GPG) over the long term have begun to unravel rather rapidly.
Hibiscus tumbles into the red
After sliding into the red in the final quarter of financial year 2019-2020, Malaysia-listed independent Hibiscus Petroleum has accelerated its plans to acquire distressed upstream assets.
Ampol sinks to first-half loss
Australian refiner and fuel retailer Ampol swung into the red in the first half of 2020 as the COVID-19 pandemic wreaked havoc on international oil prices and domestic fuel demand alike.
Pertamina posts first-half loss
Indonesia’s state-owned Pertamina swung into the red in the first half of the year as a “triple shock” of weaker energy demand, lower oil and gas prices and a depreciating rupiah took its toll.
OGDCL plugs dry hole
Pakistan’s state-owned Oil and Gas Development Company Ltd (OGDCL) has plugged and abandoned a dry hole on the Guddu block, junior partner Jura Energy revealed last week.
IOC invests $47mn in Paradip refinery’s MEG plant
State-run Indian Oil Corp. (IOC) has invested INR3.46bn ($46.9mn) since the start of the financial year on its project to add a monoethylene glycol (MEG) plant to the Paradip refinery in Odisha State.
ONGC reveals $6.1bn debt plan
India’s state-run Oil and Natural Gas Corp. (ONGC) has said it is considering raising up to INR450bn ($6.1bn) worth of debt, following recent reports that the developer would struggle to finance its capital expenditure objectives.
NRG: Looking to the future
Although rattled by the international oil and gas price collapse, governments and investors continue to press forward – either through new legislation or new projects
Hong Kong-based Golden Concord Holdings ties up with H. Sterling to restructure its LNG and gas businesses
Hong Kong-based energy conglomerate Golden Concord Holdings Ltd (GCL Group) has launched a strategic restructuring of its LNG and gas businesses, the company announced on May 31, 2020, and established a new company, GCL Natural Gas Group Ltd.
Nigerian-Chinese JV hopes to commission modular refinery in September
A Nigerian-Chinese joint venture is hoping to commission its new 6,000 barrel per day (bpd) modular refinery in Edo State sometime next month.
Panama Canal marks Neopanamax transit milestone
The SK Resolute LNG carrier completed a transit last week that marked the 10,000th journey by a Neopanamax vessel through the Panama Canal since its expansion.
Petronet reportedly considering scaling back Tellurian investment
India’s Petronet LNG is reportedly considering scaling back a proposed investment in US-based Tellurian’s Driftwood LNG project, which had previously been pegged at around $2.5bn.
Indonesia approves Paus Biru gas field development
PTT looks to greener future
Thailand’s state-owned PTT is ramping up its commitment to renewable power generation amid a downturn in its oil and gas business.
Petronas’ petroleum revenue hit by movement controls
Malaysia’s state-owned Petronas claims to have lost around MYR17bn ($4.08bn) in petroleum revenue between March and June following the government’s introduction of a movement control order (MCO).
India mulls another gas price cut
India is reportedly planning to reduce prices for domestically produced natural gas to their lowest level in more than a decade, ignoring state-run producer complaints that already low prices make development uneconomical.
OIL fails to shut in Baghjan well blowout
State-run Oil India Ltd (OIL) has failed in its third attempt at shutting in a well fire at its Baghjan natural gas and condensate field in Assam State.
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