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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)
Shell aims to exit major Indonesian gas block
Indonesian upstream regulator SKK Migas has confirmed reports that Royal Dutch Shell intends to divest its 35% stake in the giant Masela gas block.
NRG: Bracing for the second wave
COVID-19 weighs on LNG exports as demand remains depressed
COVID-19 continues to depress demand for LNG and batter exports, though some positive signs have emerged amid a generally bearish outlook for the coming months.
Jadestone acquires Lemang PSC onshore Indonesia
Singapore-based independent Jadestone Energy has agreed to pay up to $44mn for Mandala Energy Lemang’s 90% operated stake in the Lemang production-sharing contract (PSC) onshore Indonesia.
CNOOC Ltd announces “significant” South China Sea discovery
State-run CNOOC Ltd has announced a “significant” shallow-water crude and condensate discovery in the eastern South China Sea.
Oil Search cuts workforce by a third
South Australia awards new exploration licences
The South Australian government has awarded several new petroleum exploration licence applications (PELAs) across the Otway and Cooper Basins to six developers.
Jemena urges Australia to back hydrogen
Australian natural gas and power utility Jemena has called on the government to put hydrogen front and centre of the country's national energy strategy.
Pakistan hikes fuel prices
In a move that will provide some relief to Pakistan’s oil marketing companies (OMCs), the government signed off on an immediate increase in fuel prices last week.
India rethinks domestic gas pricing mechanism
India has finally bowed to pressure from its state-run developer and has announced plans to slowly dismantle the country’s natural gas pricing mechanism. The mechanism has long been a bugbear for domestic developers.
NRG: Trying to adapt
World oil markets have found some support over the last week, but companies are still adjusting to the new price environment.
Shell to sell two more cargoes of carbon-neutral LNG
Royal Dutch Shell has agreed to supply two more cargoes of carbon-neutral LNG, as it continues to grow this nascent industry.
Philippines aims to resume South China Sea exploration
The Philippines is studying ways to resume exploration in the contested waters of the South China Sea as it strives both to assert its sovereignty in the area and bolster its energy security prospects.
Australia to up funding for exploration programme
The Australian government has pledged to more than double its original investment in the Exploring for the Future (EFTF) programme, which aims to promote the country’s upstream potential.
Japan concerned less by oil imports, more by fuel demand split
The Japanese petroleum sector is less concerned by OPEC+’s efforts to reduce global crude supply than it is with the widening split in domestic demand for jet fuel and automotive fuels.
China aims to boost oil and gas production
The Chinese government has said it wants to increase the country’s crude oil production by 1% to 193mn tonnes (3.87mn barrels per day) this year and its natural gas output by 4.3% to 181bn cubic metres.
Petronas appeal against Sarawak tax is adjourned
Malaysia’s Court of Appeal has adjourned until August 3 Petronas’ case against a High Court decision that Sarawak State can levy sales taxes on petroleum products.
India’s crude imports slump to nine-year low in May
India’s crude imports reportedly slumped to a nearly nine-year low last month as refiners slashed run rates in response to the months-long coronavirus (COVID-19) lockdown.
Pertamina upbeat over new reserves
While Indonesia’s state-owned Pertamina has revealed a slight decline in last year’s production, the developer remains confident that new reserve additions will help lift its output.
PTTEP targets distressed upstream assets
Thailand’s PTT Exploration and Production (PTTEP) intends to use the oil and gas industry’s current downturn to expand its upstream portfolio, despite having been forced into slashing its own budgets earlier this year.
Turkmenistan keeps believing in pipe dream
NRG: Cautious steps forward
Welcome to the seventh edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.
Japanese LNG demand set for slow recovery
Japanese LNG demand is not expected to recover fully this year, owing to the ongoing economic fallout from the country’s coronavirus (COVID-19) lockdown coupled with higher than normal stockpiles of the fuel.
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