AsianOil - Asia Oil & Gas

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Oil & Gas

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Overview

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.

Our editorial team is constantly looking for stories that cannot be found elsewhere amongst our competitors. We have interviewed leading industry figures and analysts, providing a unique and exclusive insight into the issues that matter. 

We also include “Country Profiles,” offering multi-dimensional analysis on individual regions, from the broad perspective of political and policy news, to on-the-ground information on projects and production via our network of journalists and contributors.

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Read a recent issue cover to cover (click the image below)

Indian refiners pivot to Middle East following fresh US sanctions

22 January 2025

New US sanctions pushed Indian state refiners to request Abu Dhabi National Oil Co (ADNOC) to price its crude on a delivered basis on 21 January, after freight rates rose sharply this week.

Petronas and Sarawak agree on gas resources in Borneo

22 January 2025

Malaysia’s state-owned Petronas has reached agreement with the autonomous government in Sarawak regarding management of the hydrocarbon resources on the island of Borneo.

Santos delays Australia's $1.9bn Dorado oil project

22 January 2025

Australian oil giant Santos has postponed its $1.87bn Dorado oil and gas project in Western Australia, triggering a significant 23% drop in the share price of junior partner Carnarvon Energy.

Coates hires UGL for LNG engineering work off Queensland

22 January 2025

Australian equipment supplier Coates has entered a long-term agreement with UGL, a specialist provider of end-to-end engineering services, to support LNG facilities on Curtis Island.

Central Petroleum, partners achieve strong gas flow results from Mereenie well in Australia's Northern Territory

22 January 2025

ASX-listed explorer Cue Energy Resources announced on January 22 that the recently drilled the onshore West Mereenie 29 (WM29) well in the Amadeus Basin in the Northern Territory, has delivered strong results.

CNOOC launches new Yinggehai Basin gas project off China

22 January 2025

China’s state-owned offshore oil and gas operator China National Offshore Oil Corporation has commenced production at the Dongfang 29-1 gas project in the Yinggehai Basin, offshore China.

Asia's gas industry welcomes Trump's lifting of LNG approval pause

22 January 2025

“The resumption of US LNG export approvals is welcomed by every country in Asia,” ANGEA CEO Paul Everingham said.

Taiwan’s LNG policy faces environmental, safety criticism

22 January 2025

Taiwan’s push to increase LNG infrastructure by adding a proposed fourth LNG terminal, near the port city of Keelung in the north of the country, has drawn criticism from environmental groups and local stakeholders.

India on the brink of a new oil shock

22 January 2025

India is facing the very real threat of an oil shock as new US sanctions targeting Russian crude come into force.

Cambodia's oil and gas imports surge 12% in 2024 amid rising domestic demand

22 January 2025

Cambodia's reliance on imported oil and gas deepened in 2024, with total spending surging 12% to $2.69bn, according to a Ministry of Commerce report released on January 21.

Chinese power projects under CPEC leave Pakistan struggling with debt

22 January 2025

The China-Pakistan Economic Corridor (CPEC), once hailed as a transformative initiative for Pakistan’s economy, has left the nation grappling with substantial debt and soaring electricity costs.

Traders divert six US LNG cargoes from Asia to Europe

21 January 2025

Higher European prices and poor demand in Asia for LNG have resulted in traders diverting at least six US LNG cargoes already this month.

Japan eyes long-term LNG supply from Alaska

21 January 2025

Japan is actively seeking a long-term supply of LNG from Alaska, as a $44bn LNG project in the US state progresses after years of delays.

China raises imports of Russian LNG by 3.3% in 2024

21 January 2025

China has increased its reliance on Russian LNG with imports rising 3.3% to reach 8.3mn tonnes in 2024.

Manila moves to become Asia-Pacific LNG hub

21 January 2025

President Ferdinand R. Marcos Jr. of The Philippines has signed Republic Act (RA) No. 12120, officially known as the Philippine Natural Gas Industry Development Act, marking a significant milestone in the nation’s energy sector.

Russia's ESPO oil transport costs to China triple in wake of Biden sanctions

20 January 2025

The cost of transporting Russian ESPO crude oil to China has more than tripled following the introduction of new US sanctions targeting Russia’s oil sector.

Vietnam, Denmark review energy partnership progress, set 2025-2026 goals

20 January 2025

The fourth Steering Committee meeting for the Denmark-Vietnam Energy Partnership Program (DEPP3) was held to review 2024 achievements and outline plans for 2025-2026

Indonesia explores Russian oil imports after joining BRICS

17 January 2025

Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia

Singapore's fuel oil inventories stay elevated despite weekly dip

17 January 2025

Singapore’s onshore fuel oil storage volumes saw a slight decline last week but remained above average levels for the fifth consecutive week, according to Enterprise Singapore data released on January 15

Kuwait Petroleum and Saudi Aramco battle for dominance in Pakistan’s oil market

17 January 2025

Pakistan’s oil market is witnessing a fierce competition between two Gulf oil giants, Kuwait Petroleum Corporation (KPC) and Saudi Aramco’s trading arm, Aramco Trading, as they battle for supremacy in the country’s domestic sector

India's LNG imports climb 18.2% in December

17 January 2025

India’s liquefied natural gas (LNG) imports rose to 3.02bn cubic metres (bcm) in December, marking an 18.2% increase year-on-year (y/y), according to provisional data from the Ministry of Petroleum and Natural Gas

International Islamic Trade Finance Corporation to provide $2.75bn financing to Bangladesh

16 January 2025

The International Islamic Trade Finance Corporation (ITFC), headquartered in Jeddah, will provide Bangladesh with $2.75bn in annual financing to support the energy and agriculture sectors

US Department of Energy predicts 8% slide in Brent price in 2025

15 January 2025

The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.

BRICS membership opens the door to Russian crude for Indonesia

15 January 2025

Indonesia's recent inclusion in the BRICS economic bloc is poised to deliver potential benefits, particularly in addressing the country's trade deficit in the oil and gas sector.

Dhaka issues new tender for spot LNG cargo imports

15 January 2025

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a new tender and re-issued another to procure two spot LNG cargoes, scheduled for delivery during the windows of February 13-14 and February 6-7 respectively.

Edited by

Andrew Kemp

Editor

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