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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)
India projects petrochemical sector to reach $300bn by 2025
India’s petrochemical sector is set to expand significantly, with government projections indicating its market size could reach $300bn in 2025, rising from $220bn previously
Indian Gas Exchange reports 160% month-on-month jump in trade volume in October
The Indian Gas Exchange (IGX) reported trading 201mn standard cubic meters (mmscm) of gas in October, marking a 160% increase month-on-month, it announced on November 6.
Mitsubishi predicts its LNG capacity will reach 17mn tonnes by early 2030s
Japanese trading house Mitsubishi has forecast major growth in its LNG capacity, predicting that its capacity will more than triple from its current level of 5mn tonnes per year to more than 17mn tpy by the early 2030s.
Gas demand in India likely to reach 113 bcm by 2040, says Rystad Energy
Natural gas demand in India is forecast to reach 113.7 bcm by 2040, according to energy research company Rystad Energy. This is nearly double the 65 bcm the country used in 2023, a new report on India’s gas status says.
Iran oil prices to China at five-year high
The prices of Iran’s crude oil exported to China have hit a record high in recent years, trading sources said.
Indonesia’s energy security now classified as resilient, ministry reports
Indonesia’s energy security has been classified as resilient, according to the Ministry of Energy and Mineral Resources (ESDM).
Wood secures FEED contract in conjunction with Singapore’s second LNG terminal
British multinational Wood, the renowned global consulting and engineering firm has secured a front-end engineering design (FEED) contract from Singapore LNG Corporation (SLNG) to develop Singapore’s second LNG.
Latest Chinese offshore platform capable of tapping heavy-oil reserves
China has seen delivery of the world’s first fully functional mobile thermal-injection platform in Shandong province, south of the capital Beijing.
Over 80% of Japan's September oil imports come from just two countries
Japan imported 72.87mn barrels of crude oil in September, with the bulk of its supply coming from Gulf Cooperation Council (GCC) nations
India's GAIL reports 11% rise in September quarter profit
Indian gas company GAIL on November 5 reported an 11% year-on-year (y/y) increase in standalone net profit for the quarter ended September 2024 (Q2FY25), reaching INR26.72bn ($320mn).
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Indonesia appoints Simon Mantiri as new President Director of Pertamina
Indonesia’s Ministry of State-Owned Enterprises (BUMN) has appointed Simon Aloysius Mantiri as the new president director of Pertamina, the state-owned energy giant, succeeding Nicke Widyawati, who had led the company since 2018.
US sanctions four Singapore-based LNG firms over alleged ties to Russia’s Novatek
The United States has imposed sanctions on four Singapore-based LNG shipping companies linked to Russian energy producer Novatek, targeting their role in circumventing sanctions on Russia's gas industry
OPEC output rises despite Iraqi cuts as unwinding is pushed back
has pushed back its planned easing of output cuts to the end of the year, just as production has risen despite Iraq’s compensatory efforts
PTLNG signs $182.87mn contract for LNG project in Indonesia
AsianOil: CNOOC enjoys record profit and production in 9M 2024
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
US elections could have impact on global LNG markets
The US election is in its final few days, and Vice President Kamala Harris and ex-President Donand Trump have been in a razor-edge race. The vote, for the US president and much of Congress, is on November 5.
NorthAmOil: US elections could have impact on global LNG markets
Sunda delays Chuditch-2 well off Timor-Leste
AIM-quoted upstream operator Sunda Energy, focused on gas assets in Southeast Asia, has postponed the start of drilling operations for the Chuditch-2 appraisal well off Timor-Leste to the second quarter of 2025.
Indonesia's Chandra Asri forecasts annual revenue boost from Shell Singapore acquisition
PT Chandra Asri Pacific Tbk. (TPIA) expects its recent acquisition of Shell Energy and Chemicals Park Singapore (SECP) to generate an additional annual revenue of approximately $8bn-$10bn, equivalent to IDR128 trillion-IDR200 trillion.
CNOOC enjoys record profit and production in 9M 2024
CNOOC achieved record-high profit and production in the first nine months of this year, the Chinese state offshore oil and gas operator reported on October 28.
AG&P buys take in Australian LNG import project developer
Singaporean firm AG&P LNG has reached an agreement to acquire Venice Energy, an Australian LNG import terminal developer operating the 2mn tonnes per year Outer Harbour LNG project in Adelaide, South Australia.
Aramco mulls Vietnamese downstream investments
Saudi Aramco is eager to invest in Vietnam's oil refinery and petroleum distribution sectors.
Indonesia looks to revive oil and gas industry with reforms and action
The new president of Indonesia, Prabowo Subianto, who was sworn in last week, has called for regulatory reforms and an intensified search for and development of new oil and gas resources in an effort to revive the country’s energy industry.
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