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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)
Iran advances offshore refinery project, aiming to boost oil sales away from sanctions
India saves $2.7bn on oil imports by switching to Russia from Middle East
India has saved approximately $2.7bn in the initial nine months of 2023 by importing discounted Russian oil, as per Indian government data
Iran oil exports to China on rise in defiance of US sanctions
China has become the major destination for the flow of Iranian oil in recent years in the wake of a “maximum pressure” campaign launched by former US president Donald Trump in 2018 that targeted Iran’s economy, including its petroleum exports.
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
Murphy targets 2026 for first Southeast Asia offshore oil production
Houston-based US petroleum firm Murphy Oil has received the green light from the Vietnamese government to move forward with its ambitious field development plan at the Lac Da Vang oilfield
TTA ventures into oil production with investment in Valeura Energy
Thoresen Thai Agencies PLC has initiated a strategic investment move into the oil and gas production sector
Japan vows energy supplies will not be affected by sanctions on Arctic LNG 2
Japan has declared that its energy supplies will remain unaffected by US sanctions announced on November 2 against the Arctic LNG 2 project in Russia’s northern Gydan Peninsula.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Last minute injunction stops Santos' Barossa gas field plan
Australia’s oil and gas producer Santos has been delayed in the start of laying an underwater pipeline that is part of its $3.6bn offshore Barossa gas project in the Timor Sea north of Australia.
Thai Pipeline Network successfully transports oil, reduces carbon emissions
Luechai Sudsakorn, the manager of Thai Pipeline Network Limited, has revealed the success of the oil transportation system from the oil storage depot in Saraburi to the storage depot in Khon Kaen
Cheniere and Foran Energy finalise 20-year LNG supply deal
Cheniere, the prominent US LNG exporter, has recently inked a substantial 20-year LNG supply deal with China's Foran Energy.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Shell sells Pakistan operations to Saudi Arabian firm
International energy giant Shell has decided to end its operations in Pakistan and sell its 77.42% holding in Shell Pakistan to Saudi Arabia's Wafi Energy. Shell said its decision to sell is part of a plan to reorganise its global business.
Sinopec joins Qatar’s NFS, signs LNG supply deal
Sinopec was this week made a partner in QatarEnergy’s North Field South (NFS) expansion project, with the deal providing the basis for a 27-year deal to supply LNG to China.
Vietnam's ongoing energy project makes advances on global partnership with McDermott despite corporate challenges
The recent collaboration and signing of crucial contracts by the Vietnam National Oil and Gas Group and its partners on October 30 in Hanoi marks a significant leap forward in the Block B - O Mon gas and power project
Iran says it's ready to provide technical energy services
Iran is ready to export its technical and engineering expertise in the oil, gas, and petrochemical sectors, First Vice President Mohammad Mokhbar told a major trade fair in China.
Russia considers increased energy co-operation with Southeast Asian nations
Russia's Ambassador to ASEAN, Evgeny Zagaynov, stated that there is potential to enhance energy co-operation with Southeast Asian countries.
Kazakhstan shows interest in boosting capacity to increase oil exports 10-fold to China
Indonesia aims to halt natural gas exports by 2036 to meet domestic needs
The Secretary-General of the National Energy Council, Djoko Siswanto, announced that by 2036, Indonesia would cease exporting natural gas, using 100% of its natural gas production to meet domestic needs
Malaysia, Singapore to invest in Indian green ammonia project
Malaysia’s Petronas and Singapore’s sovereign wealth fund GIC are planning to invest millions of dollars in a green ammonia project being put together by Greenko, a major renewable energy group in India.
Pakistan oil marketing companies’ sales jump 19% in October
According to a note by Topline Research based on the latest industry data, the monthly increase in volumetric fuel sales in Pakistan can be attributed to several factors
Russia's struggling shipbuilding industry seeks Chinese partnership
The struggles of Russia's shipbuilding industry have been no secret as it grapples with a series of challenges, including the impact of sanctions cutting off foreign components and expertise, workforce limitations and delays in project deliveries
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