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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)
Oil Search’s Q3 revenue slides 24%
Oil Search’s third-quarter revenue slid 24% year on year on the back of production interruptions and lower international oil prices.
BPCL stake sale draws international interest
Some of the world’s biggest oil companies are reportedly interested in the Indian government’s plans to privatise its controlling stake in Bharat Petroleum Corporation Ltd (BPCL).
Origin under pressure over emissions
Activist investors have criticised Australian developer Origin Energy’s commitment to reducing its carbon footprint, saying the company is not doing enough to reduce this.
Chinese run rates set new high on expanding capacity
China’s downstream has set a new monthly oil processing record, on the back of rising privately owned refining capacity and expanding crude import quotas.
Woodside delays Browse FID, brings forward Pluto LNG expansion
Australia’s Woodside Energy has delayed a final investment decision on its proposed Browse mega-project to the second half of 2021, but has also brought plans to approve its Scarborough gas project and Pluto LNG expansion forward.
Philippines studies SPR options
The Philippine government has begun examining development options for a strategic petroleum reserve (SPR), following last month’s attacks on key Saudi Arabian oil infrastructure.
Barakah terminates rescue deal with Lecca
Malaysian offshore service provider Barakah Offshore Petroleum has agreed with Singapore’s Lecca Group to terminate a deal that would have lifted the former out of exit Practice Note 17 (PN17) status.
Examining the next wave of Asian demand growth
Both developed and developing countries in Asia are expected to drive up LNG demand, but the pace may slow in the nearer term and other obstacles remain.
China’s gas demand to slow this year
China’s state-run Sinopec Gas has forecast that the country’s natural gas demand will expand by 10% this year to 307bn cubic metres.
Higher freight costs hit Asian refiners hard
Asia’s refiners are preparing for a bumpy final quarter of the year as higher supertanker rates – owing to US sanctions on several Chinese shippers – eat into gross refining margins (GRMs).
India’s energy sector attracts foreign partners
Santos buys ConocoPhillips’ gas assets in northern Australia
Australian independent Santos has bought US super-major ConocoPhillips’ operated interests in the Darwin LNG project as well as the Bayu-Undan, Barossa and Poseidon offshore natural gas projects.
India ups funding to Mongolian refinery
India has agreed to provide an additional $236mn of financing for a refinery project in southeastern Mongolia, Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan said this week.
ONGC submits new Cauvery Basin drilling plan
India’s state-owned Oil and Natural Gas Corp. (ONGC) has reportedly sought environmental approval from the central government to drill 24 exploration wells at one of its blocks in Tamil Nadu State.
Pakistan, UAE move closer on refinery project
Pakistan and the United Arab Emirates (UAE) are on the verge of launching construction of a new oil refinery in the South Asian country’s Balochistan Province, an official from the Middle Eastern oil producer has said.
Rosneft pins petchem hopes on India
Russia’s state-run oil company Rosneft is looking to make a foray into India’s petrochemicals market, after experiencing setbacks in the domestic sector.
Malaysia receives first LNG cargo under TPA
Malaysia’s TNB Fuel Services (TNBF) has delivered its first shipment of liquefied natural gas (LNG) to parent company Tenaga Nasional (TNB), testing the country’s third-party access (TPA) rules in the process.
Santos upbeat on NWS well test
Santos has said an initial flow test at its third well on the Dorado field offshore Western Australia suggests the field is capable of producing oil at the upper end of pre-drill expectations.
Senex delivers first gas from Queensland block
Australian independent Senex Energy has announced first gas production from the Project Atlas acreage in Queensland State.
Pertamina urged to curb subsidised diesel sales
The Indonesian government has urged state-owned Pertamina to curb its sales of subsidised diesel as the government’s annual quota is set to run out before the end of the year.
Sinovensa suspends blending operations, following Petropiar’s example
Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), has reportedly suspended work at its crude blending plants in the Orinoco region.
Chinese companies reportedly keen to expand operations in South Sudan
China is reportedly interested in expanding investments in South Sudan’s oil sector.
Engen reportedly headed for IPO in H1-2020
Engen, a petroleum refiner and retailer that operates in seven African countries, is reportedly gearing up for an initial public offering (IPO) of stock.
Japan pledges $10bn for global LNG projects
The Japanese government has pledged $10bn of both public and private funding for liquefied natural gas (LNG) projects around the world.
Santos, BP win permit offshore WA
Santos and BP have been awarded a new permit offshore Western Australia that the Australian independent has described as being “on-trend with the Dorado discovery” in the adjacent permit.
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