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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.
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.
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Alaska LNG faces hurdle after Japan and South Korea reject proposed project
The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.
Oil price rises to hurt businesses across Cambodia
India’s Petronet seeks LNG extension deal with Qatar at lower prices
India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.
$14bn Saudi-funded refinery deal on the cards for hard-up Pakistan
Reports from Pakistan indicate that an official announcement is expected very soon on the construction of a Saudi funded oil refinery capable of processing 350,000 to 450,000 barrels per day of crude oil.
Unknown intermediaries continue their takeover of Russian oil trade
Western embargoes, price caps and other sanctions have resulted in the emergence of numerous little-known trading companies handling significant quantities of Russia’s oil exports, despite having no prior record in the oil industry.
Eni snaps up Chevron stakes in three Indonesian blocks
Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.
Petronas announces six discoveries offshore Sarawak
Petronas Carigali, a subsidiary of Malaysian state-owned energy company Petronas, announced on 21 July that it has made six oil and gas discoveries in five offshore blocks off the coast of Sarawak.
Vietnam to build oil, gas storage system by 2030
The Vietnamese government has approved a master plan for the creation of a national oil and gas storage system with a view to having it complete by 2030 at a cost $11.42bn.
Saudi Aramco completes purchase of Rongsheng stake
Saudi Aramco has successfully completed a transaction to acquire a 10% stake in China’s Rongsheng Petrochemical Co. (Rongsheng) for $3.4bn through a subsidiary located in the Netherlands, Aramco Overseas Company BV.
Asian oil demand will lead to “serious problems” in the second half of the year, says IEF
With China having imported record-breaking amounts of Russian oil during the first six months of the year and demand from India increasing at a similar breakneck speed, The IEF's Joseph McMonigle says that oil markets will have “serious problems".
AsianOil: Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Novatek to raise LNG supplies to Japan
Russian natural gas producer Novatek plans to ship over 2mn tonnes per year of LNG from the Arctic LNG 2 plant, Reuters reported on July 21.
ExxonMobil plans to double LNG production by 2030
ExxonMobil has ambitious plans to produce around 40mn tonnes per year of LNG by the end of the decade, the company’s senior vice-president of LNG marketing, Andrew Barry, told Nikkei Asia on July 19.
Indonesia once more misses oil and gas output targets
Indonesia missed its target for oil and gas production in the first half of this year, the upstream regulator SKK Migas reported this week, citing unplanned shutdowns and new project delays.
Philippines' high court rejects JMSU deal with China, Vietnam
The Philippines Supreme Court has rejected a 2005 trilateral agreement with China and Vietnam aimed at easing South China Sea tensions and enabling joint oil and gas development in the contested waters as unconstitutional.
Australia's Santos presses on with key projects
Australian gas producer Santos confirmed this week that its Barossa gas condensate project, which includes the Darwin Pipeline Duplication (DPD) scheme, is now 60% complete.
Woodside suffers "extremely difficult" Q2 but project progress continues
Woodside Energy suffered what it said was an “extremely difficult” quarter in the three months ending June 30, the company said this week, with both revenues and production down, and an employee death.
China seen importing more Brazilian crude in Q3 2023
Sinopec and other major Chinese refinery operators are on track to increase their imports of Brazilian crude oil by more than 35% in Q3 2023.
Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Japan vows to create LNG reserve system
Japan will develop an LNG reserve system in 2023 in order to secure gas resources in the case of “unexpected situations”, Industry Minister Yasutoshi Nishimura said during the LNG Producer-Consumer Conference in Tokyo.
PetroVietnam and AES receive approval for Son My Terminal
US energy company AES and state-owned oil and gas firm PetroVietnam have been granted approval from Binh Thuan Province in the country’s southern region to proceed with construction of the Son My LNG Terminal.
Indian Oil signs long-term LNG import deals with ADNOC and TotalEnergies
India’s largest refiner Indian Oil Corp reached agreement on two long-term LNG import deals last week during Prime Minister Narendra Modi’s visits to France and the United Arab Emirates (UAE), Reuters reported on July 17.
Hong Kong offshore LNG terminal commences operation
Hong Kong’s new offshore LNG terminal has begun operations after receiving its first shipment of 139,000 cubic metres of the super-chilled fuel Offshore Energy reported on July 17.
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