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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)
Petronas backs offshore technology project
Malaysia’s state-owned Petronas Research has teamed up with FASTsubsea to develop a subsea multiphase pump that does not include a topside.
China pauses Venezuelan loan repayments
China has reportedly agreed to grant Venezuela a grace period on billions of dollars’ worth of oil-for-loan repayments this year.
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
Indonesian upstream investment halts in H1
Investment in Indonesia’s upstream fell in the first half of the year, as the coronavirus (COVID-19) pandemic forced oil and gas developers to rethink their capital expenditure strategies.
Origin’s APLNG revenue dips 5% in FY20
Origin Energy has revealed that its share of revenue from the Australia Pacific LNG (APLNG) project declined 5% in financial year 2019-2020 owing to the coronavirus (COVID-19) pandemic’s impact on global energy demand.
IOC takes FID on Paradip petchem project
State-run Indian Oil Corp. (IOC) has reached a final investment decision (FID) on its planned INR138.05bn ($1.84bn) integrated para-xylene (PX) and purified terephthalic acid (PTA) facility in Odisha State.
PetroVietnam units team up on LNG projects
State-owned PetroVietnam Gas (PV Gas) has teamed up with a number of other PetroVietnam subsidiaries to develop projects that will take advantage of its first liquefied natural gas (LNG) terminal.
Bangladeshi LNG-fired power plant secures loan
Japanese energy giant JERA and India’s Reliance Power have secured a $642mn loan for their planned liquefied natural gas-fired thermal power plant in Bangladesh.
Pertamina mulls acquisition of Oxy’s MEA assets
Indonesia’s state-owned Pertamina is reportedly in talks with US major Occidental Petroleum (Oxy) regarding the potential sale of oil and gas assets in Ghana and the UAE.
NRG: Emerging bright spots
Even as major companies continue to report quarterly losses, world crude oil prices have remained steady and some LNG markets are still heading for growth.
Woodside may pre-empt Cairn’s sale of Sangomar stake to Lukoil
Australia’s Woodside Energy indicated last week that it might seek to block Russia’s Lukoil from acquiring a stake in RSSD, the consortium set up to develop the Sangomar block offshore Senegal.
Chevron aims for restart of Gorgon Train 2 by September
Super-major Chevron said this week that it anticipates restarting the second liquefaction train at Western Australia’s Gorgon LNG terminal in early September after completing repairs that are currently underway.
Ice-breaking LNG carrier reaches Japan in industry first
Mitsui OSK Lines (MOL) said this week that the ice-breaking Vladimir Rusanov LNG carrier, which it owns and operates jointly with China COSCO Shipping, reached the LNG terminal in Ohgishima, Tokyo Bay, on July 23.
Russia overtakes US in LNG supplies to China
The latest Chinese customs data show that Russia supplied 396,000 tonnes of LNG to the Asian country in June, compared with 340,000 tonnes arriving from the US.
US LNG exports still booming despite cargo cancellations
Exports of LNG from the US have still risen year on year, despite a spate of cargo cancellations over the summer as a result of global oversupply.
China’s new pipeline company gets up and running
State-owned China Oil & Gas Pipeline (PipeChina) has taken control of the country’s network of oil and gas pipelines from the Big Three, realising the central government’s ambition of separating the upstream from the midstream.
Comet mulls MGP stake sale
Australian independent Comet Ridge has said it may sell off some of its 40% stake in the Mahalo Gas Project (MGP) in Queensland.
Indonesia backs DME projects in hunt for LPG alternative
Indonesia’s push to reduce its liquid petroleum gas (LPG) imports continued this past week with the government’s announcement that it was looking to blend the fuel with supplies of locally produced dimethyl ether (DME).
OIL slammed by investigation into Assam blowout
State-run Oil India Ltd (OIL) has been slammed by a government-ordered investigation into the blowout and subsequent explosion of a gas and condensate well at the company’s Baghjan field in Assam State.
India extends BPCL privatisation deadline
The Indian government’s privatisation of state-run refiner Bharat Petroleum Corporation Ltd (BPCL) has been delayed yet again, with a new deadline for bids set for September 30.
Australia’s Karoon renegotiates Brazil oilfield acquisition
Australian independent Karoon Energy has renegotiated payment terms with Brazil’s state-run Petrobras for the acquisition of the offshore Bauna oilfield.
NRG: Beyond oil
Gazprom hosts roundtable on Chinese gas outlook
Plans unveiled for major Vietnamese LNG-to-power investment
Chan May LNG is planning to invest up to $6bn in an LNG-to-power project in Vietnam as interest in such ventures grows in the country.
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