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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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China's teapot refineries struggle under tougher tax regime
China’s independent oil refineries, commonly known as ‘teapots’, are facing mounting pressures from a stricter tax framework that could accelerate shutdowns in what is an already embattled sector.
Inpex says demand exceeds output for Abadi LNG project
Japan’s largest oil and gas developer Inpex says demand among potential buyers exceeds current output for its Indonesian Abadi LNG project.
UAE’s ADNOC signs LNG supply deal with Osaka Gas
ADNOC has announced the signing of a deal to supply up to 0.8mn tpy of LNG to Japanese utility Osaka Gas.
Two more Pertamina executives charged in $11.9bn corruption scandal
Indonesia’s Attorney General’s Office (AGO) has named two additional Pertamina Patra Niaga executives as suspects in a corruption case that has cost the state an estimated $11.9bn.
TotalEnergies praises Cambodia’s investment climate, tax reforms
TotalEnergies has commended Cambodia’s efforts to reform tax policies and enhance transparency and competition, reinforcing the country’s appeal as an investment destination.
Eni and Petronas form joint venture to manage energy assets in Southeast Asia
Italian energy giant Eni and Malaysia’s state-owned firm Petronas have formalised an agreement to establish a joint venture that will oversee upstream operations in Indonesia and Malaysia, the companies announced on February 27
First Shell branded fuel station opens in Sri Lanka
The first Shell branded fuel station has opened in Sri Lanka at B.S. Cooray Filling Station, Ambathale, the US embassy in Sri Lanka said in a press release dated February 26.
Indian crude oil and condensate production in January down 1.2%
Indian crude oil and condensate production during January 2025 was 2.5mn tonnes, down 1.2% year on year, according to provisional data from the Ministry of Petroleum and Natural Gas’ Petroleum Planning and Analysis Cell (PPAC).
Asahi Kasei launches biogas purification trial in Kurashiki
Asahi Kasei Corp. and Kurashiki City have inaugurated a biogas purification system at a sewage treatment facility in Okayama Prefecture, Japan.
Malaysian oil and gas company Sapura drilling secures $720mn in contracts across Asia and beyond
Sapura Drilling, a subsidiary of Malaysian oil and gas services provider Sapura Energy, has secured multiple contracts worth approximately $720mn
ExxonMobil to invest $200mn in offshore Australian gas project
ExxonMobil subsidiary Esso Australia Resources plans to invest nearly $200mn in the offshore Kipper 1B project to boost gas production from the Gippsland Basin in Australia.
Woodside sees LNG demand outstripping supply in 2030s amid project delays
Woodside Energy expects global LNG demand to outstrip supply into the 2030s as delays push nearly 30mn tonnes per year of new capacity into the next decade.
China’s stare-down of Trump’s energy tariffs will not end well – for the US
In a swift response to President Donald Trump's imposition of a 10% tariff on Chinese imports, Beijing has retaliated by levying tariffs on US energy exports. The Chinese government announced a 15% tariff on US coal and LNG, alongside 10% on crude.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Pertamina shipping arm expands global reach, reports 64% surge in non-captive revenue
PT Pertamina International Shipping (PIS), the cargo and shipping subsidiary of state energy firm PT Pertamina, recorded a 64% increase in revenue from the non-captive market in 2024, driven by aggressive expansion and fleet reliability
Petronas posts profit decline in the midst of market volatility, plans workforce cuts
Malaysia’s state energy firm, Petroliam Nasional (Petronas), reported a sharp drop in profit for 2024 due to global economic uncertainty, geopolitical tensions, and lower oil prices
Mari Energies announces gas/condensate discovery in Pakistan
Mari Energies has announced a gas/condensate discovery at the Spinwam-1 exploration well, in the Waziristan Block, located in North Waziristan District, Khyber Pakhtunkhwa, Pakistan
Japan hires energy consultancy Xodus for Offshore Western Kyushu CCS project
Japan is working to cut its carbon emissions by developing a number of carbon capture and storage facilities. Last week the international energy consultancy Xodus was contracted to participate in the Offshore Western Kyushu CCS project.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Japan's Shizuoka Gas to acquire stake in US shale gas project
Japan-based Shizuoka Gas Co. Ltd. has signed a heads of agreement with TG Eagle Ford Resources LP, a subsidiary of Tokyo Gas America Ltd., to acquire a 25% interest in the eagle Ford play in Texas.
Japex realigns company focus, putting spotlight back on oil and gas investments
Japan Petroleum Exploration has reaffirmed its commitment to future investments in oil and gas exploration and production out to 2030.
Tokyo Gas completes purchase of 20% stake in Philippines LNG terminal
Japan’s largest gas supplier Tokyo Gas has concluded the acquisition of a 20% stake in the First Gen’s LNG terminal located in Batangas City, Philippines.
Indonesia arrests Pertamina executives in $11.9bn corruption probe
Indonesia’s Attorney General has arrested executives from subsidiaries of state energy giant PT Pertamina in connection with a IDR193.7 trillion ($11.9bn) corruption scandal tied to crude and oil product procurement
Pakistani petroleum dealer body opposes oil price deregulation
The All-Pakistan Petroleum Dealers Association (APPDA) has opposed the government’s decision to deregulate oil prices
Indian imports of Russian crude oil drops sharply in February
India’s imports of crude oil from Russia dropped sharply in February after the US slapped fresh sanctions on Russian oil entities
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