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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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China vows to stand firm amid US tariff threats over Iranian oil imports
China is unlikely to back down in the face of fresh US threats to impose punitive tariffs on Chinese exports over continued purchases of Iranian oil, analysts said.
Indonesia surpasses oil output target as community wells join national production count
Indonesia has exceeded its 2025 daily oil production target ahead of schedule, with output surpassing 608,000 barrels per day over the past two weeks, above the government’s goal of 605,000 barrels per day by year-end
India launches first 5G network in refinery sector
India’s state-run telecom firm BSNL is rolling out the country's first 5G captive non-public network in the refining sector
India will continue Russian oil imports despite Trump tariff threats
India will continue purchasing oil from Russia despite threats of penalties from US President Donald Trump, two Indian government sources speaking on condition of anonymity say.
Can India dump Russian oil imports completely if Trump’s secondary sanctions appear?
Since early 2024 India has typically bought 1.5–2.0 mbpd of Russian crude, or about 35–40% of its total imports. US President Donald Trump is threatening crushing 100% tariffs on Russia’s business partners if they continue to import crude.
Indian state refiners halt Russian oil purchases as discounts narrow, Trump ramps up pressure
Indian state-run oil refiners have paused purchases of Russian crude over the past week amid shrinking discounts and renewed warnings from US President Donald Trump against buying energy from Moscow
India’s refiners face pressure as EU sanctions hit $14bn fuel exports
India’s petroleum exports to the European Union—valued at $14–15bn annually—are under threat following the EU’s latest sanctions package targeting Russian crude and its derivatives.
Kazakhstan continues talks to expand Russian oil transit to China
Kazakhstan is continuing negotiations with Russia aimed at increasing the volume of Russian crude oil transiting through its territory to China.
Indian refiners reportedly stop buying Russian oil
The suspension, which reportedly began last week, follows mounting pressure from the US and other G7 nations warning of secondary sanctions against buyers circumventing the $60 per barrel price cap on Russian oil.
Petronas sets up transition council amid workforce restructuring, reaffirms role in Sarawak
Petroliam Nasional Bhd (Petronas) has launched a Transition Council and Human Capital Development Committee to oversee the structured redeployment of staff as part of its ongoing organisational restructuring
Indonesia and Malaysia weigh joint development of East Ambalat oil block amid border talks
Indonesia and Malaysia are exploring the possibility of jointly developing the East Ambalat oil and gas block, a resource-rich offshore area near their disputed maritime boundary in the Sulawesi Sea
Trump to impose 25% tariffs on Indian imports, penalises Russian oil and arms purchases
US President Donald Trump has announced that a 25% tariff, along with an unspecified additional penalty, will be imposed on imports from India starting August 1, citing New Delhi’s continued purchases of Russian oil and military equipment
Trump announces oil partnership with Pakistan
US President Donald Trump has announced a new energy partnership with Pakistan aimed at developing the country’s oil reserves, describing it as a significant step in strengthening bilateral trade ties
BP, ONGC, Reliance jointly agree to explore offshore Indian oil block
India’s state-owned ONGC has entered into a joint operating agreement with BP Exploration and Reliance Industries to jointly explore offshore Block GS-OSHP-2022/2.
Woodside takes over Exxon's Bass Strait position in Australia
Woodside Energy will take over operatorship of Australia’s long-standing Bass Strait oil and gas assets from ExxonMobil.
Thai oil firm PTTEP expands in southeast Asia
Thailand’s national oil and gas company PTTEP has moved to consolidate its position in Southeast Asia’s upstream sector through two strategic transactions.
Carnarvon takes minority stake in fellow Australian player Strike
Carnarvon Energy has agreed to acquire up to 19.9% of fellow Australian operator Strike Energy through a strategic investment worth up to $57mn.
Nayara Energy cuts refinery output amid EU sanctions, turns to Rediff after Microsoft service halt
Nayara Energy, the Russia-linked Indian refiner, has scaled back operations at its 400,000-barrel-per-day refinery in Vadinar, Gujarat, following new European Union sanctions targeting the company
Indonesian prosecutors probe alleged royal marriage of oil graft fugitive Riza Chalid
Indonesia’s Attorney General’s Office (AGO) is investigating claims that fugitive oil trader and corruption suspect Mohammad Riza Chalid has married a member of a Malaysian royal family in a potential effort to evade prosecution
ONGC, BP and Reliance ink joint operating deal for offshore exploration in India's Saurashtra Basin
Oil and Natural Gas Corporation Limited (ONGC), in partnership with BP Exploration (Alpha) Ltd and Reliance Industries Limited (RIL), has signed a Joint Operating Agreement (JOA) to begin offshore exploration of Block GS-OSHP-2022/2
GAIL India reports decline in Q1FY26 profit
State-run gas major GAIL (India) Ltd reported a profit after tax (PAT) of INR18.86bn ($220mn) in the first quarter of FY26, marking a decline from INR27.24bn in the same quarter last year, the company said in a press release.
Russian LPG exports prove robust despite EU restrictions
China’s role as a key buyer is growing, and current estimates may understate the actual volume.
Indonesia affirms Tuna Block oil project remains on track despite operator shift, geopolitical hurdles
The Indonesian government is closely monitoring the progress of the Tuna Block oil and gas development project, reaffirming that it remains aligned with the approved Plan of Development (PoD), despite a recent change in its operating structure,
Pakistan LNG deal: masterstroke or financial folly?
The 15-year LNG deal, once described as a cornerstone of energy security, has turned into what many analysts now view as a burdensome and inflexible arrangement.
OQ Trading secures short-term LNG deal with Bangladesh
The new deal signals a significant shift in Bangladesh’s strategy for securing LNG, moving away from overreliance on the often-volatile spot market and towards more stable, structured supply arrangements.
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