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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)
Shell reportedly weighs sale of stake in QCLNG
Royal Dutch Shell is reportedly considering selling a stake in the common facilities at its Queensland Curtis LNG (QCLNG) plant in Queensland, Australia.
NSW CBM moratorium advances
New South Wales’ Upper House passed a controversial Bill on June 3 that seeks to ban coal-bed methane (CBM) development within the state.
PNG suspends trading of Oil Search shares
Oil Search revealed this week that Papua New Guinea’s (PNG) market regulator had ordered the National Stock Exchange (PNGX) to suspend trading of the company’s shares.
Jadestone’s first-quarter profits jump 22%
Asia-focused independent Jadestone Energy has reported a 22.4% year-on-year jump in its first-quarter net profit to $13.1mn.
QP reserves South Korean LNG shipbuilding capacity in $19bn megadeal
QP has agreed to reserve LNG shipbuilding capacity with three South Korean shipbuilders in an order worth $19bn as the company pushes on with its gas expansion plans.
Pertamina, CPC close to building West Java petrochemical plant
Indonesia’s state-owned Pertamina and Taiwan’s state-run CPC are reportedly set to build joint petrochemical complex in West Java Province.
OIL struggles to cap gas well blowout
The Indian Ministry of Petroleum and Natural Gas has sent to a team to inspect state-run Oil India Ltd’s (OIL) well in Assam State, which has been leaking natural gas and condensate for more than a week.
Asian LNG prices slump once more
The global oversupply of LNG and the destruction of Asian demand owing to the COVID-19 pandemic have sent spot prices spiralling for a second week.
NRG: Some forward momentum, but overall restraint
Despite the relative stability of crude prices in recent days, more news of activity cutbacks, earnings losses and demand weakness continues to come in, and all eyes are turning to the forthcoming OPEC+ meeting.
China’s leaders urged to ramp up oil storage
Chinese officials are reportedly calling on the government to ramp up crude oil stockpiling to capitalise on low prices, just days after it emerged that domestic financial investors were doing just that.
Oilex finds new buyer Cooper-Eromanga assets
Australian junior Oilex has found another buyer for its interests in the Cooper-Eromanga Basin after its first deal fell through in April.
Pakistan may cut fuel prices despite refiners’ concerns
Pakistan’s Oil and Gas Regulatory Authority (OGRA) has reportedly called for retail gasoline prices to be reduced despite warnings of a looming fuel shortage.
Indian refinery runs plummet in April
India’s refinery runs fell 28.8% year on year to 14.75mn tonnes (3.6mn barrels per day) in April as the country’s prolonged coronavirus (COVID-19) lockdown drove down oil product demand.
Pertamina to bring Balikpapan refinery back on stream in June
Indonesian national oil company (NOC) Pertamina said this week that it intended to restart its Balikpapan refinery from June 1 as Indonesia weighs up plans to ease or even exit its lockdown.
Santos completes acquisition of ConocoPhillips’ gas assets
Australian independent Santos has completed its acquisition of US super-major ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced upfront price.
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.
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