AsianOil - Asia Oil & Gas

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Oil & Gas

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Overview

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.

Our editorial team is constantly looking for stories that cannot be found elsewhere amongst our competitors. We have interviewed leading industry figures and analysts, providing a unique and exclusive insight into the issues that matter. 

We also include “Country Profiles,” offering multi-dimensional analysis on individual regions, from the broad perspective of political and policy news, to on-the-ground information on projects and production via our network of journalists and contributors.

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Read a recent issue cover to cover (click the image below)

NRG: Some forward momentum, but overall restraint

2 June 2020

Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.

China’s leaders urged to ramp up oil storage

28 May 2020

Chinese officials are reportedly calling on the government to ramp up crude oil stockpiling to capitalise on low prices, just days after it emerged that domestic financial investors were doing just that.

Oilex finds new buyer Cooper-Eromanga assets

28 May 2020

Australian junior Oilex has found another buyer for its interests in the Cooper-Eromanga Basin after its first deal fell through in April.

Pakistan may cut fuel prices despite refiners’ concerns

28 May 2020

Pakistan’s Oil and Gas Regulatory Authority (OGRA) has reportedly called for retail gasoline prices to be reduced despite warnings of a looming fuel shortage.

Indian refinery runs plummet in April

28 May 2020

India’s refinery runs fell 28.8% year on year to 14.75mn tonnes (3.6mn barrels per day) in April as the country’s prolonged coronavirus (COVID-19) lockdown drove down oil product demand.

Pertamina to bring Balikpapan refinery back on stream in June

28 May 2020

Indonesian national oil company (NOC) Pertamina said this week that it intended to restart its Balikpapan refinery from June 1 as Indonesia weighs up plans to ease or even exit its lockdown.

Santos completes acquisition of ConocoPhillips’ gas assets

28 May 2020

Australian independent Santos has completed its acquisition of US super-major ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced upfront price.

Indonesia’s Mako gas field receives resource boost

28 May 2020

Conrad Petroleum’s Mako natural gas field offshore Indonesia has seen its resources upgraded significantly following an independent audit, junior partner Coro Energy said this week.

Petronas cuts spending amid collapsing profits

28 May 2020

Petronas intends to cut spending across the board after low energy prices more than halved the company’s bottom line in the first quarter.

NRG: Signs of cautious optimism

26 May 2020

Producers and investors remain cautious, as the coronavirus pandemic continues to affect energy demand, but are starting to plan for the post-crisis period.

Spot prices show signs of recovery across Asia

22 May 2020

Spot prices in Asia have risen slightly in May, though the recovery is still fragile, and has been bolstered in the short term by cancellations of cargoes from the US, as well as some regional production issues.

Thailand’s Gulf Energy wins LNG import licences

22 May 2020

Thailand’s Gulf Energy has been granted licences to import up to 1.7mn tonnes per year of LNG.

More US shipments reaching China even as other cargoes cancelled

22 May 2020

The number of cancelled US LNG cargoes is reported to be on the up, but this comes as more LNG from the US is reaching China after shipments between the two recently resumed.

Construction kicks off on Longkou LNG import plant

21 May 2020

China’s National Petroleum and Natural Gas Pipeline Network Group (PipeChina) has broken ground on an LNG import terminal that is being built in the city of Longkou in Yantai, Shandong Province.

Strike picks AGIG as midstream partner at West Erregulla

21 May 2020

Strike Energy has picked pipeline operator Australian Gas Infrastructure Group (AGIG) as its midstream partner for its West Erregulla natural gas development in Western Australia.

China’s oil demand recovery cannot stop gas investment push

21 May 2020

China’s oil demand may have reportedly bounced back to pre-coronavirus (COVID-19) levels, but it appears that the country’s energy majors intend to prioritise investment in natural gas projects in the year ahead.

Philippines touts upstream commitment

21 May 2020

The Philippine government is trying hard to convince potential investors that the energy sector is still at the forefront of its priorities, even though the country remains under a coronavirus (COVID-19) lockdown.

Vietnam rejects oil product import freeze

21 May 2020

The Vietnamese Trade Ministry has reportedly rejected state-owned PetroVietnam’s call for a suspension in petroleum imports in order to boost consumption of local stockpiles.

Pertamina may receive government bailout

21 May 2020

The Indonesian government is reviewing plans to inject IDR128.04 trillion ($8.69bn) into 12 of the country’s state-owned firms, including Pertamina.

ONGC awards 13 marginal field development contracts

20 May 2020

State-run Oil and Natural Gas Corp. (ONGC) has awarded production enhancement contracts (PECs) covering 49 marginal onshore fields to seven bidders.

CIL seeks development partners for two CBM blocks

20 May 2020

State-run Coal India Ltd (CIL) has invited bids for two coal-bed methane (CBM) developments, opening the acreages to local and international players

WTI’s collapse has sparked Indian law suits

20 May 2020

Three of India’s High Courts are hearing five cases relating to the settlement of crude oil contracts in April at negative rates.

Edited by

Andrew Kemp

Editor

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