AsianOil - Asia Oil & Gas

Malaysia's Petronas eyes expansion in Indonesia

Malaysian state energy giant Petronas has unveiled plans for an expansive growth strategy in Indonesia, targeting a new operations hub in East Java and exploratory investments in the resource-rich eastern regions.

Thailand’s B.Grimm Power on the hunt for LNG

Thailand’s B.Grimm Power, one of the nation’s leading energy companies, is actively pursuing both short-term and long-term supply agreements for LNG supplies to support its expanding energy demands

Terminal upgrade at LNG-to-power project in central Vietnam to accommodate 90,000 tonne vessels

Quang Tri Province in central Vietnam has been granted approval to develop a terminal capable of handling vessels of up to 90,000 tonnes to serve the LNG Hai Lang Power Centre (HLPC).

Singapore turns to Japan, Korea to increase LNG import capacity

Japan’s shipping giant Mitsui OSK Lines (MOL) has signed a long-term charter contract for a floating storage and regasification unit (FSRU) with Singapore LNG Corporation, the city-state's state-owned LNG terminal operator.

Sabah leads Malaysia in palm oil production

Pakistan's overall petroleum imports rise 15.74% in Q1FY25

Pakistan's overall petroleum imports rose by 15.74% in the first quarter (July–September) of the 2024-25 fiscal year, reaching $4.05bn, up from $3.5bn in the same period last year.

Pakistan asks Qatar to reschedule LNG cargoes to 2026

Pakistan has formally requested QatarEnergy to reschedule delivery of five LNG cargoes from 2025 to 2026 as the Asian country is experiencing a dip in demand for regasified LNG.

AsianOil: Oil, gas production in Pakistan down in 1Q 2024

Operating profits for Indian oil marketing companies to decline in FY25: Crisil

Operating profits for Indian oil marketing companies (OMCs) are expected to decline to $12–14 per barrel in fiscal 2025 from $20 per barrel last year, due to softening diesel spreads, diminishing discounts on Russian crude and inventory losses.

Urgent need for swift talks with Cambodia on joint gas production

The Petroleum Institute of Thailand (PTIT) has urged the Thai government to expedite negotiations with Cambodia to establish a joint technical committee for exploring and producing natural gas in the overlapping claims area

Malaysia’s Dayang Enterprise poised to secure decommissioning contracts in Sarawak

Dayang Enterprise Holdings Bhd is well-positioned to win significant decommissioning contracts in Sarawak from Petroliam Nasional Bhd (Petronas) by next year, according to a recent report by Hong Leong Investment Bank Research.

Petronas seeks bank proposals for potential dollar bond sale

Petroliam Nasional Bhd (Petronas) is exploring the possibility of issuing a new dollar bond, marking its first return to the dollar debt market in over three years.

India may scrap windfall tax on domestic crude oil

The Indian government is considering scrapping the windfall tax on domestic crude oil production.

Kazakhstan seeks role in delivering TAPI pipeline

Fire erupts on Malta-flagged oil tanker in Singapore waters

A fire broke out on the Malta-flagged oil tanker *Med Atlantic* in the East Johor Strait within Singapore’s waters on October 21, according to the Maritime and Port Authority of Singapore (MPA).

Bangkok and Phnom Penh to return to the negotiating table over Gulf of Thailand deposits

Cambodia has indicated that it is now willing to head back into previously stalled negotiations with neighbouring Thailand over the possible joint exploration and development of an offshore oil and gas field in the Gulf of Thailand.

Japan’s KEPCO to bring down the curtain on two oil-fired units by mid-2025

Kansai Electric Power (KEPCO), a Japanese utility firm, has announced plans to decommission its ageing oil-fired No.1 and No.2 units at the Ako Power Complex.

Singapore prepares to open a second LNG import facility

Singapore LNG chief executive, Leong Wei Hung has revealed that the company is intent on opening a second LNG import facility on the island nation.

South Korea eyes vast energy reserves with new East Sea exploration

South Korea is making a significant move towards bolstering its energy security by initiating exploration for potential oil and gas reserves off the East Sea.

Oil, gas production in Pakistan down in 1Q 2024

Oil and gas production in Pakistan recorded a significant decline in the first quarter of the fiscal year, with oil production dropping by 8%, and gas production faring only slightly better - down by 7%

China's crude oil imports from Malaysia surge

China's crude oil imports from Malaysia, its third-largest supplier, increased by 17.5% in September compared to the same period last year, according to customs data released on October 20.

Shell pipeline leak affects waters off Singapore

In the early hours of October 20, an oil leak from a Shell-owned pipeline off Singapore’s coast affected the waters between Bukom Island and Bukom Kecil, the Maritime and Port Authority of Singapore (MPA) said.

Indonesia’s RAJA boosts downstream oil and gas presence using plant hire

Indonesia’s PT Rukun Raharja is extending its footprint in the downstream oil and gas sector by launching a booster compression plant (BCP) rental service

AsianOil: Hanwha raises offer for Singapore's Dyna-Mac

Russian gas supply to China could reach 85 bcm by 2030, says Gazprombank

Russian gas pipeline and LNG exports to China could reach 85bn cubic metres by 2030, according to analysts from Gazprombank’s Centre for Economic Forecasting (CEP).