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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)
KrisEnergy sells stake in Indonesian block to BP
Singaporean developer KrisEnergy has agreed to sell its 30% stake in the Andaman II production-sharing contract (PSC) offshore Indonesia to super-major BP.
Pertamina oil spill reappears off West Java
Indonesia’s state-owned Pertamina has said an offshore oil spill, originally thought to have been contained at the end of September, is leaking once more.
India’s crude oil imports slip 3.3% in October
India’s crude oil imports slipped 3.3% year on year in October to 4.56mn barrels per day, according to government data published on November 14.
India may reduce stake in its largest refiner
The Indian government is reportedly considering reducing its direct stake in the country’s largest refiner, Indian Oil Corp. (IOC), to below 51%.
US LNG exporters looking at increased shipments via Panama Canal
Exporters of US LNG are poised to send more gas to Asia, taking advantage of new transit slots at the Panama Canal.
JXTG unlikely to invest in Aramco IPO
Japan’s largest refiner has cast some serious doubt over whether Saudi Aramco’s long-awaited initial public offering (IPO) will able to attract Japanese investment.
Comet seeks environmental approval for Queensland block
Australia junior Comet Ridge has begun work to secure environmental authority (EA) for a coal-bed methane block in Queensland, the company said on November 12.
Strike claims one of Australia’s largest onshore gas finds
Australian independent Strike Energy has said its block in the Perth Basin could hold one of the country’s largest ever conventional onshore gas discoveries.
PTT’s Q3 profit shrinks 33%
Thailand’s state-owned PTT saw its third-quarter net profit decline by 33% year on year to THB20.25bn ($669.7mn) on the back of weaker downstream and international trading performances.
Indonesia extends Corridor PSC by 20 years
The Indonesian government has extended the production-sharing contract (PSC) for the Corridor Block in South Sumatra Province by 20 years until 2043.
IOC makes first IMO-compliant bunker sale
State-run Indian Oil Corp. (IOC) has completed the country’s first bunker sales of very low-sulphur fuel oil (VLSFO) ahead of the introduction of new international maritime fuel standards.
India extends Cairn’s PSC for Ravva block
The Indian government has extended Cairn Oil & Gas’ production-sharing contract (PSC) for the Ravva block in Andhra Pradesh State by 10 years until 2029, the company said on November 6.
Turkmenistan's pipe dreams
Australian LNG import project faces delays
Australian Industrial Energy’s Port Kembla LNG import plan is being hit by delays as it struggles to lock in buyers for its gas.
PNG commission delays UBS oil loan inquiry
A Papua New Guinea (PNG) government commission set up to investigate a A$1.2bn ($827.3mn) loan from UBS that the former administration used to buy into Oil Search has once again delayed its inquiry.
Indonesia needs to refine energy reform agenda
McDermott wins refinery work in northern Australia
McDermott International has signed an agreement with Darwin Clean Fuels to provide engineering services for a proposed condensate refinery in northern Australia.
South Korea’s oil and gas demand declines
South Korea’s oil and gas demand is in decline, with the country re-embracing nuclear and coal in the power sector while introducing policy measures curbing demand for transportation fuels.
Sarawak to sue Petronas over unpaid tax bill
Malaysia’s Sarawak State government is preparing to take national oil company (NOC) Petronas to court over an unpaid tax bill.
Thai power producers to develop Vietnamese LNG projects
Thai power producers B.Grimm Power and Gulf Energy Development have signed agreements with Vietnam to develop liquefied natural gas fuelled power projects in the South-East Asian country.
Indian bid round attracts eight bids
India’s fourth Open Acreage Licensing Policy (OALP) exploration bid round has attracted eight bids for the seven blocks that were offered.
IOC advances plastics-oil conversion research
State-run refiner Indian Oil Corp. (IOC) has reportedly completed the first phase of research into converting waste plastics into synthetic oil and is now planning to develop commercial processes.
Queensland awards new exploration acreage
The Queensland State government has awarded 3,450 square km of new exploration acreage to six companies, with two of parcels ringfenced for the domestic market.
PetroChina sets production targets for Changqing field
A unit of state-run PetroChina aims to produce 25mn tonnes per year (500,000 barrels per day) of oil and 42bn cubic metres of natural gas from the Changqing field by 2020, Reuters cited local media reports from October 28 as saying.
Turkmenistan to extend Petronas’ PSC for Block 1
Malaysian Prime Minister Mahathir Mohamad has said Turkmenistan will extend state-owned Petronas’ production-sharing contract (PSC) for offshore Block 1 in the Caspian Sea by 10 years until 2038.
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