AsianOil - Asia Oil & Gas

Murphy Oil may have made Southeast Asia's largest oil discovery in two decades: WoodMac

Murphy Oil confirmed a major oil discovery offshore Vietnam earlier this month, with appraisal results indicating that the Hai Su Vang find could rank as the largest oil discovery in Southeast Asia in the past two decades.

India, UAE strike LNG deal

India and the UAE have agreed to work towards doubling bilateral trade to $200bn by 2032, as New Delhi steps up efforts to diversify its economic partnerships amid pressure on exports to the US.

Australia's Roma North gas pipeline gets transmission classification

Australia’s federal energy regulator has issued a draft decision proposing to classify the Roma North Gas Pipeline as a transmission pipeline.

Philippines reports first gas discovery in over a decade

The Philippines has announced its first gas discovery in more than a decade near the Malampaya field, offering a potential boost to energy security as domestic supply tightens and LNG imports rise.

3D Energy strikes gas in Australia's offshore Otway basin

Australia-focused explorer 3D Energy has discovered gas at its Charlemont-1 exploration well in the offshore Otway Basin.

Reservoir link wins multi-year service contracts from Roc Oil Sarawak

Reservoir Link Energy Bhd has secured a series of work orders from Roc Oil (Sarawak) Sdn Bhd covering the period from 2025 to 2029

Iraq's Basra crude prices rise in line with global oil gains

Prices for Iraq’s Basra crude grades rose, tracking gains in global oil markets as stronger-than-expected economic data from China lifted optimism about demand.

Taiwan refiners announce weekly increase for petrol and diesel

Taiwan’s primary fuel suppliers announced on January 19 that petrol and diesel costs will increase this week, reversing last week's modest reduction of TWD0.2 per litre.

Taiwan refiners announce weekly increase for petrol and diesel

Taiwan’s primary fuel suppliers announced on January 19 that petrol and diesel costs will increase this week, reversing last week's modest reduction of TWD0.2 per litre.

Mongolia eyes Chinese fuel imports to overcome Russian dependency

Mongolia and China have agreed to step up cooperation on increasing imports of petroleum products, as Ulaanbaatar seeks to diversify supplies that are currently overwhelmingly sourced from Russia.

Vietnam brings first LNG power plant online as gas takes a larger role in energy mix

Vietnam has commissioned its first commercial power plant fuelled by imported LNG, a step that signals a structural shift in the country’s electricity system.

Singapore port expands push for cleaner marine fuels with new LNG supplier licences

Singapore is stepping up efforts to cement its position as a global hub for lower-emissions marine fuels by opening applications for new licences to supply LNG gas at the Port of Singapore.

Woodside deepens ties with Japan through winter LNG supply pact

Woodside Energy has strengthened its commercial relationship with Japan’s largest power generator by securing a five-year agreement to supply LNG during the country’s peak winter demand period.

Qatar set for progress on Al-Shaheen following delivery from China

A Chinese fabrication yard has successfully completed the load-out of critical offshore infrastructure for Qatar’s Al-Shaheen oilfield.

India’s Russian oil imports slide to two-year low as OPEC share rises

India’s imports of Russian crude fell to their lowest level in nearly two years in December, as tighter Western sanctions disrupted flows and prompted refiners to source more oil from alternative suppliers, pushing OPEC’s share of imports

India’s oil firms strike onshore crude in Abu Dhabi

India’s state-run oil companies have recorded a new overseas upstream milestone with an onshore oil discovery in Abu Dhabi, reinforcing the country’s push to strengthen energy security through international exploration

Egypt and Oman explore deeper energy and mining cooperation

Egypt and Oman are moving to deepen cooperation in oil, gas and mining

Islamabad signals intent to shelve Iran-Pakistan gas pipeline

Pakistan has informed Iran of its intention to place the long-delayed Iran–Pakistan (IP) gas pipeline project on hold under an out-of-court settlement arrangement

Bangladesh drafts long-term energy strategy amid supply challenges

Bangladesh’s interim government has finalised a long-term energy strategy, underscoring the sector’s centrality to economic stability and industrial output

China’s CNPC to explore for oil and gas in Tajikistan’s Khatlon province

China’s National Petroleum Company (CNPC) is planning to conduct 3D seismic exploration for oil and gas in southwestern Tajikistan’s Khatlon province, Avesta has reported.

US moves in Venezuela are being felt half a world away in Asia

Venezuela itself has long occupied an unusual position in Asian oil markets. Its crude is heavy, sulphur-rich and difficult to process, yet it has found a natural home among a small subset of Asian refiners willing to adapt for the right price.

Singaporean oil inventories head south

Singapore’s onshore oil inventories retreated across all major product categories in the latest weekly data, led by a pronounced draw in fuel oil that pushed stockpiles to their lowest level in three weeks.

Indonesia completes $7.4bn Balikpapan refinery upgrade to strengthen energy security

Indonesia's Prabowo signals imminent start of $6bn downstreaming drive

President Prabowo Subianto has announced that a series of downstreaming projects worth around $6bn will begin construction within the coming weeks

Gazprom sets new record in gas flows to China via Power of Siberia 1

Russia’s Gazprom has set a new record for daily natural gas deliveries to China via the Power of Siberia trunk pipeline, following a continued ramp-up in exports to its largest Asian customer.