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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)
Hengli doubles Dalian refinery’s oil storage
Independent Chinese refiner Hengli Petrochemical has reportedly added 3.6mn cubic metres (21.39mn barrels) of new crude oil storage to its 400,000 barrel per day downstream complex in Liaoning Province.
Petronas boosts government dividend
Malaysia’s state-owned Petronas has increased its 2020 dividend payment to the government by almost a third as the COVID-19 pandemic puts mounting strain on the national budget.
PTTEP’s plans for Erawan delayed by Chevron’s arbitration
Thailand’s state-owned PTT Exploration and Production (PTTEP) has said that US super-major Chevron’s arbitration with the government over the Erawan natural gas field will stop it from installing production facilities this year.
China pledges upstream developments as crude imports grow
The Chinese government has pledged to speed up the development of the upstream and midstream sectors amid a deepening dependency on foreign hydrocarbon supplies.
NRG: Balancing optimism with caution
India’s energy companies adapt to “new normal”
India’s oil and gas companies are preparing for a prolonged period of depressed energy prices, with one business leader suggesting the sector needs to prepare for oil never returning to $100 per barrel.
Strike continues to struggle with West Erregulla well
Australian independent Strike Energy has run into further difficulty during the drilling of its first well in a three-well appraisal of the onshore West Erregulla natural gas field in Western Australia.
Beach upbeat despite downturn in Q3 revenue
Australian independent Beach Energy recorded a 17.5% decline in its third-quarter revenue on the back of weaker international oil prices.
Fatal PTT pipeline explosion stokes fears over further blasts
Thailand’s state-owned PTT is under mounting pressure to explain last week’s natural gas pipeline explosion in Samut Prakan Province, which lies just south-east of central Bangkok.
Australia’s Karoon gets green light for Brazil offshore purchase
Australian oil and gas company Karoon Energy has received the go-ahead from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) to acquire the Baúna offshore oilfield from state-run Petrobras.
Australian green hydrogen project eyes industrial consumers
NRG: Time for guarded optimism
PPL approves final dividend following results
State-owned Pakistan Petroleum Ltd (PPL) has approved a final cash dividend equivalent to 10% of ordinary and convertible preference shares after finalising its results for financial year 2019-2020.
Petronas awards multi-client 3D seismic survey
Malaysia’s state-owned Petronas has awarded a multi-year 3D seismic survey to a consortium of PGS, TGS and WesternGeco.
Total delivers carbon neutral LNG cargo
France’s Total announced this week that it had delivered its first-ever cargo of carbon neutral LNG.
Santos nears FID on Moomba CCS
Australian independent Santos has begun gearing up for a final investment decision (FID) on its Moomba carbon capture and storage (CCS) project following a successful injection test.
Oil Search’s revenue nearly halved in Q3
Australia and Papua New Guinea (PNG) listed Oil Search saw its third-quarter revenue fall by nearly half on the back of lower oil and gas prices.
Ampol posts third-quarter profit
Australian refiner and fuel retailer Ampol posted a AUD129mn ($91.8mn) profit for the third quarter of 2020, despite losses at its refining division continuing to mount.
Pertamina must retain majority in any domestic partnership
Indonesian upstream regulator SKK Migas has said state-owned Pertamina is free to form new partnerships to help develop its oil and gas fields as long as it retains its majority stake.
OGDCL convoy attacked by Baloch separatists
A convoy belonging to Pakistan’s state-run Oil and Gas Development Corporation Ltd (OGDCL) has been attacked by separatist militants in Balochistan Province, leaving at least 14 people dead.
Indian developers set to lose out in Iran
India’s state-run developers are reportedly set to lose out on the development of Iran’s shallow-water Farzad-B natural gas field to domestic developers.
China warns over possible domestic gas supply interruptions
China could experience tight natural gas supplies this winter, despite investment in recent years on building out import capacity, underground storage and domestic transportation infrastructure.
Philippines lifts upstream moratorium in disputed waters
The Philippines has lifted a six-year moratorium on exploration in disputed waters of the South China Sea in response to growing concerns over the country’s future energy security.
NRG: Challenges ahead
Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.
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