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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)
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.
Green energy could reduce Asian LNG production emissions by 8%
Using renewable energy to operate LNG production plants across the Asia-Pacific region could reduce emissions by about 8%
Gazprom’s European exports plunge, boosting China’s appeal
China ramps up US crude purchases
China is stepping up its purchases of US oil ahead of a preliminary trade deal between the two countries coming up for review.
NRG: All the news at your fingertip
Asia’s smaller refiners flounder in face of weak margins
Chevron ordered to inspect remaining Gorgon trains for damage
Chevron and its partners in the Gorgon LNG project have been ordered by the government of Western Australia to inspect the propane heat exchangers at Trains 1 and 3 at the 15.6mn tonne per year liquefaction terminal.
India bars Chinese ships from importing oil and gas
India and China’s relationship appears to have deteriorated further, following reports that New Delhi has banned China-flagged and owned vessels from carrying hydrocarbons to and from the South Asia country.
ONGC faces funding struggle
India’s state-owned Oil and Natural Gas Corp. (ONGC) may have to raise debt to fund its planned capital expenditure budget for financial year 2020-2021, according to a recent PTI report.
Neptune eyes Eni’s Australian assets
Neptune Energy is reportedly the latest party to express interest in buying Italian major Eni’s Australian oil and gas portfolio.
Woodside mulls acquisition opportunities
Australia’s Woodside Petroleum has said it is looking to acquire distressed oil and gas assets after reporting a 28% slide in its first-half adjusted profit.
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