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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)
PNG walks away from P’nyang gas talks
A planned $13bn expansion of Papua New Guinea’s (PNG) liquefied natural gas (LNG) export capacity is set for lengthy delays after the government walked away from talks with ExxonMobil on a key gas project.
China’s crude consumption slumps under coronavirus crisis
China’s oil demand has fallen by 3mn barrels per day in the wake of the ongoing coronavirus crisis, Bloomberg reported on February 3.
Coronavirus the focus of major oil policy decisions
Coro walks away from Indonesian farm-in deal
UK-listed junior Coro Energy has ditched plans to acquire a 42.5% interest in the Bulu PSC offshore Indonesia, with the company citing a significantly increased risk attached to the deal.
Malaysian state calls on Petronas to up its social contributions
Malaysia’s Sarawak State has called on state oil major Petronas to pay a social windfall tax when international oil prices top $100 per barrel.
Australia signs energy deal with NSW
The Australian government has agreed to provide AUD2bn ($1.34bn) of funding for energy infrastructure projects in the state of New South Wales in return for local authorities promising to boost natural gas supply for domestic users.
Gazprom eyes increased role in Bangladesh
MPCL, POL win Pakistani licence
The Pakistani Petroleum Division has awarded a petroleum concession agreement (PCA) and exploration licence for the onshore Taung block to Pakistan Oilfields Ltd (POL) and Mari Petroleum Company Ltd (MPCL).
Oilex sells Australian, Indian assets
Australian independent Oilex has agreed to sell newly acquired assets in Australia as well as a production-sharing contract (PSC) in India as it shifts its focus to exploration plays in the UK.
India plans gas pricing reform to spur upstream investment
India’s drive to increase domestic consumption of natural gas has seen the government pledge to reform pricing as well as expand the country’s pipeline network.
Thailand looking at LNG spot market
Thailand’s Ministry of Energy has ordered state-owned oil and gas company PTT to assess the feasibility of buying LNG on the spot market in order to take advantage of lower prices.
India fails to win over Qatar on LNG pricing
India’s efforts to renegotiate its long-term liquefied natural gas (LNG) supply deal with Qatar have fallen flat, with Doha rebuffing New Delhi's calls for a move away from oil-linked prices.
Senex’s Q2-FY20 production jumps 35%
Australian developer Senex Energy’s oil and gas output jumped 35% quarter on quarter in the October-December period on the back of new fields coming online and production ramp-ups.
ONGC’s PEC round attracts 12 bidders
India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly received offers from 12 contractors interested in boosting production at 50 of its small and marginal fields.
Australia softens position over gas reserve scheme
The Australian government has softened its position on introducing a natural gas reserve policy following the release of a review into the Australian Domestic Gas Security Mechanism (ADGSM).
Work on Afghan stretch of Turkmenistan to India gas pipeline faces additional 6-month delay
TAPI project, also to traverse Pakistan, is going nowhere fast. Claims that Turkmen section is complete seen as highly dubious.
India strives to reduce reliance on Middle Eastern oil
India’s bid to reduce its reliance on imports of Middle Eastern crude, amid increasing tensions in the region, has seen the South Asian giant turn to both Russia and Brazil for new supplies.
China imports record amount of LNG in 2019
China’s imports of liquefied natural gas (LNG) climbed 12.2% year in year in 2019 to a record high of 60.25mn tonnes in 2019, despite concerns that the country’s economic slowdown would impinge on demand.
Pertamina may farm in to expiring Rokan contract
Indonesia’s state-owned Pertamina may farm in to the nearly expired contract for the Rokan oilfield in order to begin drilling operations before its own licence for the block begins in 2021.
Santos sets production record in 2019
Australian independent Santos increased its production of crude oil and natural gas by 28% year on year in 2019 to a record 75.5mn barrels of oil equivalent (206,800 barrels of oil equivalent per day).
Sinopec reportedly to review potential Cheniere deal
Reports have emerged that China’s Sinopec is planning to review the terms of a potential supply deal it is expected to strike with US LNG exporter Cheniere Energy once trade relations between the two countries improve.
Malaysia's Reach secures Kazakh production contracts
CNPC unveils exploration plans
China’s largest oil and gas producer has outlined plans not just to increase its output this year, but for the first time to balance it equally between crude oil and natural gas.
Japan’s MODEC seeks to grow offshore Brazil
Japan’s MODEC, a manufacturer of floating oil and gas equipment, has said it plans to grow its business in Brazil, the largest oil producer in South America, by winning one or two major platform contracts each year.
Petronas signs LNG supply contract with Shenergy
Malaysia’s state-run Petronas has signed a long-term liquefied natural gas supply agreement with China’s Shenergy Group.
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