AsianOil - Asia 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)

ONGC invests $24bn to meet 2038 net zero target, but oil and gas output to rise

7 September 2023

The Oil and Natural Gas Corporation (ONGC) of India said last week that it will invest $24.2bn in several clean energy projects that will help the state-owned company reach its net-zero emissions target of 2038.

Bangchak completes purchase of Esso Thailand

7 September 2023

Thailand’s petroleum and energy giant Bangchak Corporation has acquired a 65.99% stake in ExxonMobil Asia Holdings. In the process the firm has acquired Esso Thailand and a sizeable portfolio of Esso petrol stations nationwide.

Japan-US deal on carbon-neutral LNG supply chain moves forward

7 September 2023

Houston-based Sempra Infrastructure has agreed a deal with a Japanese consortium to install a carbon-neutral LNG supply chain in the continental USA, with the end product to be shipped back to Japan.

Shell Sarawak delivers first gas from Malaysia’s Timi field

7 September 2023

Sarawak Shell Berhad (SSB) announced last week that it has brought first gas into production at the Timi field offshore Sarawak in Malaysia. SSB, a Shell subsidiary, said it is the oil giant’s first wellhead platform powered by hybrid solar and wind.

Thailand anticipates increased LNG imports as crude oil sources decline

7 September 2023

The Thai Energy Policy Office (EPO) anticipates an increase in liquefied natural gas imports as the country's crude oil sources wane.

China considers a return to Syrian oil imports

6 September 2023

Reports from China point to the country’s state-owned oil and gas giant Sinopec having made moves to reopen long-ignored oil supply links in Syria.

Saudi, Russian oil cuts rolled over until year-end

5 September 2023

Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.

Santos offloads minor stake in PNG LNG project to Kumul

5 September 2023

Australian oil and gas company Santos Ltd revealed on September 1 that it has finalised the initial sale to Papua New Guinea’s state-run Kumul Petroleum of a 2.6% interest in its PNG LNG project.

Fitch Ratings assigns 'BB' IDR to Binh Son Refining and Petrochemical company

5 September 2023

Fitch Ratings has granted a credit rating of 'BB' to Binh Son Refining and Petrochemical Joint Stock Company (BSR) with positive outlook, a Vietnam-based oil refiner.

Malaysia's state-owned energy company Petronas to permanently shut part of Sabah Sarawak gas pipeline amid safety concerns

1 September 2023

Petronas, Malaysia's state-owned energy company, has announced its decision to permanently shut down a portion of the Sabah Sarawak Gas Pipeline (SSGP), a vital conduit delivering feed gas to the Petronas LNG Complex.

Bangchak to acquire Esso, boosting rebranding efforts with a THB22bn deal

1 September 2023

Bangchak Corporation has announced its acquisition of 2.28bn shares of Esso (Thailand), amounting to 65.99% of the total issued and sold common shares. The transaction is valued at approximately THB22.6bn ($645mn).

Thai-Vietnam LNG project a potential ground-breaker in regional LNG co-operation

31 August 2023

In a recent meeting between the head of Vietnam’s Thanh Hóa Province and Thai energy developer Gulf Group it was provisionally agreed to build an LNG terminal in the province just south of Hanoi.

Sinopec sees interim net profits drop by 20.1% in first six months

31 August 2023

Sinopec, China's and the world’s largest refiner by capacity, has reported a drop in total interim net profits for the first six months of 2023.Numbers declined by just over 20% compared to the same period last year.

China eyes cheaper Iranian crude as Russian discounts dry up

31 August 2023

With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.

ExxonMobil says world will fail to meet Paris goal in 2050

30 August 2023

Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.

BP investment decision on Australia green hydrogen hub in 2024

30 August 2023

Oil and gas supermajor BP will make a final investment decision on the H2Kwinana project in Australia in 2024. This comes as the company has completed its concept development study on the green hydrogen hub in Western Australia.

Pertamina advances bioenergy development for sustainable energy transition

30 August 2023

By harnessing the country's rich natural resources, including sugarcane, corn, cassava and sorghum, Pertamina is spearheading the creation of plant-based fuels to power Indonesia's energy transition.

Workers at two Chevron LNG plants in Australia to strike from September 7

30 August 2023

Unions at Chevron’s two large Australian LNG facilities have stated they will take industrial action beginning September 7.

Sinopec makes large gas discovery in Sichuan Basin

30 August 2023

China Petroleum & Chemical Corporation (Sinopec) announced last week that it had made a large gas discovery in the Sichuan Basin. The company described the find as a breakthrough for its Project Deep Earth Sichuan and Chongqing natural gas base.

India's diesel exports to Singapore hit 19-month record high in August, as profits on European deliveries squeezed

30 August 2023

India's diesel exports to Singapore are poised to reach a 19-month peak in August, surging beyond 330,000 tonnes on August 30.

Edited by

Andrew Kemp

Editor

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