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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)
Price hike alert for the Philippines as prices at the pump expected to rise from August 15
Imports of fuel to Vietnam up 15% in terms of volume but down 13.5% in terms of value in 7M23
Vietnam's domestic enterprises ramped up their imports of petroleum products, reaching a total of 6.26mn tonnes valued at $4.95bn, or 15%, in 7M23, but saw the value of those imports fall by 13.5% year on year.
Chevron, Woodside hold talks on avoiding LNG strike action
Chevron and Australia’s Woodside said on August 10 they are holding talks with unions to prevent strikes at gas facilities that together account for a tenth of global LNG supply.
EU gas prices soar 40% on August 9 amid Australian supply fears
European natural gas prices saw a remarkable surge of nearly 40% on August 9, driven by growing fears of disrupted LNG supply from Australia. This unforeseen development rattled traders, who were banking on further declines in gas prices.
Petrovietnam overfulfills target by between 3% and 28%.
Japanese firms unite to study advanced CCS project at Malaysia’s Karasawa
Several major Japanese companies have joined together to participate in the ongoing study for a major carbon capture and storage facility planned for the Karasawa field offshore Malaysia.
Japan’s LNG imports set to fall with relaunch of nuclear reactors
LNG imports by the world’s top buyer are set to drop in 2023 as Japan reboots nuclear reactors in order to address its energy shortage Reuters reported on August 3.
Asian oil imports reach 27.92mn bpd in July
Crude oil imports into Asia rose to a record high of 27.92mn bpd during July, according to data compiled by Refinitiv Oil Research. The huge volume is attributed to purchases made by the region’s big buyers, China and India, of Russian crude.
India’s imports of Russian oil dropped to an eight-month low in July, expected to recover only in October
India imports cheapest Russian oil since start of Ukraine war
Ministry data revealed that the average cost of a barrel of Russian crude that arrived at Indian ports in June was $68.17, above the oil price caps imposed on December 5. However, the cap does not include shipping costs.
BP closes in on launch of third liquefaction train at Tangguh facility in Indonesia
UK-headquartered energy firm BP has revealed that it will be launching the third liquefaction train at the Tangguh LNG terminal in West Papua, Indonesia LNG Prime reported on August 2.
Indonesia's presidential team to ensure progress of largest gas field development in East Java
Indonesia's Chief of Presidential Staff, Moeldoko, has assured that the Presidential Staff Office (KSP) will continue to support and oversee the progress of the Gas Field Development Project of Jambaran Tiung Biru (JTB) by Pertamina EP Cepu (PEPC).
The temporary closure of the Nghi Son Refinery leads to petrol shortfall in Vietnam
Major petroleum enterprises in Vietnam are gearing up to increase petrol imports due to an impending shortage of petroleum supply, after the leading Nghi Son Refinery will be shut down for maintenance from August 25.
Western Australia’s ‘missing link’ pipeline opens NE of Perth
The 580-km Northern Goldfields Interconnect (NGI) gas pipeline in the country’s biggest state connects Dampier City, a 1,530-km road trip north of the state capital, to the long-standing Bunbury Natural Gas Pipeline and the Goldfields Gas Pipeline.
South Korea bearing the brunt of an LNG carrier construction boom
LNG and oil tanker construction in East Asia is booming. From ground-breaking deals for Bangladesh to a 40-vessel order for Qatari clients, East Asia is unrivalled in carrier construction.
Russian crude exports to India may have peaked, say analysts
Independent energy research and intel firm Rystad Energy has indicated that India may be approaching the upper limit of its imports of Russian oil.
Manila seems bent on renewables, but LNG still has a role to play
Domestically the Philippines is home to just two LNG projects, with the first LNG cargo the nation has ever received arriving to much aplomb in April at the Atlantic, Gulf & Pacific (AG&P) terminal in Batangas.
Australia’s Falcon Oil & Gas spuds horizontal well in NT
Reports say the well in question is the Shenandoah South 1H (“SS1H”) well – a horizontal project in the Beetaloo sub-basin of the state, roughly 630 km by road south of the state capital Darwin, in one of the most remote areas of the outback.
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