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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)
Indonesia’s Mako gas field receives resource boost
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Three of India’s High Courts are hearing five cases relating to the settlement of crude oil contracts in April at negative rates.
Gazprom starts designing $20bn gas pipeline to China
Russia’s Gazprom is pushing ahead with plans to build a second major gas pipeline to China.
NRG: A slow and painful recovery
The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come
Australian LNG exports reported as holding up in April
Australia’s LNG exports remained robust in April, despite many countries going into lockdown as they sought to contain the coronavirus (COVID-19) pandemic, thus putting the brakes on demand.
Report: India’s LNG import growth depends on pipelines
The US Energy Information Administration warned last week that the future growth of India’s LNG imports depended on the timely completion of new gas pipeline networks.
Trafigura shifts oil trading operations from Shandong to Shanghai
International commodity trader Trafigura is reportedly planning to move its crude oil marketing operations from Qingdao in Shandong Province to its commodities desk in Shanghai.
Mosman farms out NT permit application
UK-listed independent Mosman Oil and Gas has agreed to farm out a 70% operated stake in its application for the EP 155 permit, which is located in Australia’s Northern Territory.
ARENA funds APA’s renewable methane pilot
The Australian Renewable Energy Agency (ARENA) has awarded AUD1.1mn ($712,000) in funding for a renewable methane pilot project that is being developed by APA and Southern Green Gas.
Petronas, Sarawak settle oil and gas dispute
Malaysian national oil company (NOC) Petronas and the Sarawak State government have settled their dispute over oil and gas rights as well as a multi-million dollar unpaid tax bill.
IOC scales up refinery runs
State-run refiner Indian Oil Corp. (IOC) has revealed that it plans to scale up its refinery operations this month as the country’s oil product demand slowly rebounds.
Indian district demands ONGC, GAIL review safety protocols
Authorities in a district of India’s Andhra Pradesh State have ordered state-run Oil and Natural Gas Corp. (ONGC) and GAIL (India) to produce a safety certificate for their facilities or face a suspension of operations.
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