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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)
Malaysian government under scrutiny over Sapura Energy financial crisis
The company’s debt started ballooning due to aggressive expansion strategies that started in 2018, when it sought external financing to sustain operations, taking on multi-currency loans from various financial institutions.
US tariffs on Venezuelan oil put China, India, Spain in spotlight
Washington’s move to impose 25% secondary tariffs on nations purchasing Venezuelan oil and gas has drawn sharp reactions, particularly from China, the top buyer of the South American country’s crude.
Vietnam to cut tariffs on US LNG, cars to ease trade surplus concerns
Vietnam will reduce tariffs on several US products, including liquefied natural gas and automobiles, as it seeks to address concerns over its large trade surplus with the United States, a finance ministry official said.
Gas Malaysia extends $1.5mn cash advance to joint venture with Tokyo Gas
Gas Malaysia Bhd has provided a MYR6.5mn ($1.5mn) cash advance to Gas Malaysia Energy Advance Sdn Bhd, a 66:34 joint venture with Tokyo Gas Engineering Solutions Corp, to enhance cash flow and optimise resource allocation within the group
US tariff threat on Venezuelan oil poses new hurdle for India’s diversified strategy
The US’s proposed 25% secondary tariffs on countries importing Venezuelan oil represents a fresh challenge for India’s oil diversification strategy, particularly as it competes with China for access to Venezuelan crude
Trump imposes 25% tariffs on Venezuelan oil and gas buyers, extends Chevron licence
US President Donald Trump has announced a sweeping 25 per cent tariff on any country purchasing oil or gas from Venezuela, escalating his administration's economic pressure on the South American country and its international trading partners.
US tariffs on Venezuelan oil put China and India in the spotlight
Washington’s move to impose 25% secondary tariffs on nations purchasing Venezuelan oil and gas has drawn sharp reactions, particularly from China, the top buyer of the South American country’s crude
Indian imports of Russian oil rebound in March
Indian imports of Russian oil have rebounded in March following a sharp decline witnessed in February due to US sanctions on Russian oil trade
India balances renewables push with growing oil and gas ambitions
The country is making big investments in renewable energy but at the same time wants to produce and purchase more oil and gas
Borneo Oil secures Petronas vendor licence, expands oil & gas services
Borneo Oil Bhd (KL:BORNOIL) announced that its indirect subsidiary, Borneo Oil (Sabah) Sdn Bhd (BOS), has obtained a vendor licence from Petroliam Nasional Bhd (Petronas) as a registered Sabahan supplier
Carbon capture, utilisation and storage not all it is made out to be
Carbon capture, utilisation and storage is being pegged as a possible saviour of Malaysia’s oil and gas industry if CO2 can be injected into old reservoirs in a process called enhanced oil recovery or enhanced gas recovery.
Delays at Hyundai-Aramco shipbuilding projects
Construction delays have plagued the ambitious shipbuilding projects jointly undertaken by HD Hyundai and Saudi Aramco
Australian energy market operator warns of sooner gas shortfall in the south
Australia’s energy market operator has revised its outlook to flag potential seasonal gas shortfalls in southern Australia from 2028
Woodside strikes 15-year LNG deal with China Resources Gas
Woodside Energy has signed a 15-year deal to supply LNG to China Resources Gas International, marking the Australian firm’s fourth long-term LNG deal in Asia since the start of 2024.
Golar LNG signs financial lease deals with Chinese investors for FLNG
Golar LNG has signed finance lease agreements with a group of Chinese leasing firms to refinance the existing debt facility on its Gimi FLNG vessel.
Australian opposition vows to fast-track NWS LNG extension
Australia’s opposition Coalition has vowed to fast-track a federal decision on extending the operating life of the 14.4mn tonne per year North West Shelf LNG project.
Think-tank calls on Australia to rethink future gas strategy ahead of elections
Overall, the report called for stronger policy leadership to align the gas and electricity sectors with Australia’s net-zero targets while safeguarding affordability, reliability and investment certainty.
Australia’s Woodside, ExxonMobil agree FID on Turrum 3 Project in Bass Strait
Woodside and ExxonMobil have decided to develop phase three of the Turrum gas project.
Indian LNG imports from the US hit a record high of 7.25 bcm in 2024
India’s imports of LNG from the United States surged to an unprecedented 7.25bn cubic metres ( 256.05bn cubic feet) in 2024.
Taiwan to import Alaska LNG project gas, pressure on Korea to follow suit
Taiwan has agreed to collaborate with the Alaska Gasline Development Corporation on a $44bn pipeline project in a move now expected to bolster its leverage in tariff negotiations with the United States.
Pakistan and Italy plan to expand cooperation in energy sector
Pakistan and Italy are looking to expand cooperation in the energy sector, especially in oil and gas
Russia reaffirms commitment to fund Tuban refinery project in Indonesia
Indonesia’s Ministry of Energy and Mineral Resources has confirmed that Russia remains committed to financing the Tuban Refinery’s Grass Root Refinery (GRR) project, despite ongoing funding uncertainties
OPEC+ announces new cuts to balance out higher output
OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.
EU sanctions to hit Russian LNG exports to China
The EU’s upcoming ban on the transshipment of Russian LNG at EU ports is expected to disrupt winter deliveries from Russia’s Yamal LNG terminal to China and other Asian markets.
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