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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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Cyclicality of LNG market to become clearer as demand forecast to recover
Analysts from Bernstein Research are forecasting that the global LNG glut will end earlier than widely expected thanks to an anticipated resurgence in Asian demand, as well as construction being wrapped up on current projects.
Australia becomes top LNG exporter for 2019
Australia edged out Qatar to become the world’s leading exporter of LNG in 2019, as its output of the super-chilled fuel grew.
China may liberalise fuel export sector this year
After several years of confining China’s independent refiners to selling on the domestic fuel market, 2020 appears to be the year the central government is ready to loosen its grip on the export market.
Lakes Oil hits gas in South Australia
Australian junior Lakes Oil has revealed that while its Nangwarry-1 exploration well in South Australia had intersected natural gas intervals at its primary target, it had come up empty at the secondary objective.
Hengyi Industries ramps up Brunei refinery runs
China’s privately run Hengyi Industries has begun operating its new refinery in Brunei at close to full capacity, Reuters quoted a company official as saying on January 2.
Petronas completes deal for Brazilian fields
Malaysia’s state-owned Petronas completed the acquisition late last month of a 50% stake in two deepwater fields in Brazil’s Campos Basin.
Pertamina aims to drill Rokan wells this year
Indonesia’s state-owned Pertamina has said it wants to drill at least 20 wells at the Rokan oil block this year, as it gears up to assume operatorship of the acreage in 2021.
PPL announces oil and gas discoveries
State-run Pakistan Petroleum Ltd (PPL) announced late last month that it had discovered crude oil and natural gas reserves in Balochistan and Sindh Provinces.
Malaysian firm sinks new probe in Kazakhstan
ONGC wins seven onshore blocks
Niko exits India’s deepwater KG-D6 block
Pipes for TAPI delivered
Energas plans 2021 start for Pakistan LNG terminal
Pakistan’s Energas is planning to start up an LNG import terminal in 2021 that would be the country’s largest, pending approval to begin construction.
Developers request to put Philippine LNG on hold
China’s CNOOC Gas and Power and Phoenix Petroleum Philippines have asked for plans to build the $2bn Tanglawan LNG hub project in the Philippines to be put on hold.
China may desire gas, but cheap coal is compelling
China’s push for greater natural gas consumption continues to speed up, even as the year winds down, with imports and production rising and as well as new supply lines opening up.
Petronas to expand work orders
Malaysia’s state-owned Petronas has said in its latest activity forecast that while it expects to step up operations over the next three years, the short-term outlook remains challenging.
Triangle Energy brings fifth Cliff Head well back online
Australian junior Triangle Energy has brought the CH-13 well back into production at the Cliff Head oilfield offshore Western Australian after technical issues took the well out of commission nine months.
PTTEP ups investment budgets
Thailand’s state-owned PTT Exploration and Production (PTTEP) intends to increase its investment budget for 2020 as well as for the next five years.
RIL, BP form retail fuel venture
Indian conglomerate Reliance Industries Ltd (RIL) and UK super-major BP have agreed to create a new retail fuel joint venture that aims to operate a network of retail fuel and aviation fuel stations across India.
Indian Oil to finish Kochi LPG terminal in 2021
State-run Indian Oil has said it intends to finish the construction of its delayed liquefied petroleum gas (LPG) import terminal project at the port of Kochi in Kerala State within the next 18 months.
Aramco and Pertamina to finalise reduced Cilacap plans in Q1
Report: Singapore’s LNG imports to more than triple by 2028
Singapore’s imports of LNG are forecast to more than triple by 2028, according to a new report.
Australia commits to gas reserve scheme
Australian Federal Resources Minister Matt Canavan said last week that the government was ready to implement a national gas reservation scheme in order to lower prices on the east coast.
India continues campaign to extend gas’ reach
India’s efforts to expand the use of natural gas within the country’s primary energy mix continued this week with the opening of the country’s first liquefied natural gas dispensing station.
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