AsianOil - Asia Oil & Gas
Australia's Comet Ridge takes full control of Mahalo gas project in Queensland
Australia's Comet Ridge has completed the acquisition of Santos' 42.9% interest in the Mahalo gas project in Queensland, giving it full ownership and operatorship of the wider Mahalo gas hub.
New Zealand takes further step in reopening its oil and gas sector
New Zealand is reviving offshore exploration as domestic gas supply declines.
Australia's Viva Energy makes profit gain on Middle East disruptions
Australia’s Viva Energy has reported a sharp rise in first-half earnings as disruption to Middle Eastern flows drove up regional refining margins, while the company is also considering further storage expansion at its Geelong refinery.
Australia's Gladestone LNG partners snap up Greater Meridian coal seem gas project for $310mn
Australia's Beetaloo oil and gas basin nears first gas production
Australia’s Beetaloo Basin is approaching its first commercial gas production, with Tamboran Resources preparing to start sales from its Shenandoah South pilot project in the Northern Territory in the third quarter.
Australia's Woodside drops Scope 3 emissions targets as part of renewed focus on core operations
Australia’s Woodside Energy has abandoned two 2030 targets linked to Scope 3 emissions and clean energy investment as it sharpens its focus on its core oil and gas business.
Sri Lanka kicks off new offshore licensing in another attempt to launch development
Sri Lanka launched a new offshore licensing round on August 25, offering four exploration blocks in the Mannar Basin as it seeks to revive investment in domestic oil and gas exploration.
Norway-based TGS secures extension in big seismic acquisition offshore Indonesia
Norway-based TGS has secured a one-month extension to what it describes as the largest seismic streamer acquisition contract offshore Indonesia.
France’s Viridien launches seismic shoot off western Peninsular Malaysia
France’s Viridien has begun seismic imaging of the Langkasuka multi-client 3D hybrid survey offshore western Peninsular Malaysia, combining streamer and sparse ocean-bottom node.
China's CNOOC achieves record H1 profit
Chinese offshore oil and gas major CNOOC reported record first-half profit and production on August 26, benefiting from higher oil prices following the Iran war and continued output growth.
Malaysian petroleum tanker operator Orkim Berhad posts 1H26 net profit growth of 6.8%
Orkim Berhad (KLSE:ORKIM) posted a net profit of MYR22.91mn ($5.7mn) for the second quarter ended June 30 (2QFY2026), backed by a stable fleet utilisation rate of 91%,
Indonesian President Prabowo mandates total ban on oil, LPG imports
Reinforcing Indonesia’s drive toward absolute national energy self-sufficiency, President Prabowo Subianto has mandated an immediate phase-out of foreign fuel imports
Korea and Vietnam seek deeper energy cooperation
South Korea and Vietnam are exploring closer energy ties as the Middle East conflict disrupts global oil supplies.
TT wins tank design order for two Tsakos LNG carriers
French LNG containment specialist GTT has secured an order from HD Korea Shipbuilding & Offshore Engineering to design the tanks for two new LNG carriers being built by South Korea's HD Hyundai Heavy Industries.
Ebara Elliott, Doosan to develop LNG compression technology
Ebara Elliott Energy and South Korea's Doosan Enerbility have agreed to jointly develop gas turbine-driven centrifugal compressors for LNG plants, targeting commercial availability from early 2028.
Papua LNG on track for FID by end of year
Papua New Guinea’s Papua LNG project is on schedule for a final investment decision to be taken before the end of 2026.
South Korea’s Hanwha Aerospace expands US LNG operations
South Korean defence group Hanwha Aerospace Co. (012450.KS) will establish a US subsidiary to manage its liquefied natural gas (LNG) operations as it builds out its global energy supply chain, the company announced on August 25.
Gladstone LNG partners acquire Australia’s Meridian Coal Seam Gas project
Gladstone LNG joint venture partners have agreed to acquire the Greater Meridian Coal Seam Gas project from from Westside Corporation and Mitsui E&P Australia.
Energy crisis threatens Bangladesh's investment growth momentum
A sharp rise in imports in June signalled a possible recovery in private investment in Bangladesh, but worsening gas and electricity shortages threaten to derail the momentum and deepen the country’s economic troubles.
Myanmar’s Sittway deploys diesel generators for power
Diesel generators are being deployed in Sittway to help restore electricity to urban neighbourhoods as quickly as possible.
India sees record Russian oil dependence in June and July
India’s dependence on Russian crude reached record levels in June and July as disruption to Middle Eastern supplies pushed refiners back towards Russian barrels despite earlier pressure from Washington to reduce purchases.
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Horizon achieves fast launch at Thailand's Pad D Sinphuhorm gas project
Australian producer Horizon Oil has started gas production from the Pad D development at the Sinphuhorm field in northeast Thailand around 50 days ahead of schedule.
US says it has diverted 70 ships enforcing Iran blockade
US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.
NuEnergy Gas secures Indonesian CBM exploration extensions to advance South Sumatra gas hub
A 70%-owned subsidiary of Bursa Malaysia-listed Globaltec Formation Berhad (KL:GLOTEC), has secured critical regulatory extensions for its coalbed methane (CBM) portfolio.
Malaysian energy tech group DNeX sells idle FPSO Excalibur to MISC for $35mn
Malaysian energy and technology group Dagang NeXchange Berhad (KLSE:DNEX) is monetising its warm-stacked offshore production assets as a way to respond to evolving fiscal policies and regulatory preferences toward subsea tie-backs in the North Sea.
Thailand’s PTT boosts investment despite global energy risks
Thailand’s state-controlled energy giant PTT has unveiled a THB1.01 trillion ($30.9bn) capital spending programme, almost doubling its previous investment budget despite uncertainty in global energy markets.
Indonesia weighs tighter Pertalite subsidy rules to curb fiscal burden
The Indonesian government is restructuring its targeted fuel subsidy distribution framework as it is facing public debate over socioeconomic data classifications while seeking to curb a ballooning fiscal energy burden
Chinese vessels transit Hormuz despite US blockade on Iran
Two Chinese-flagged vessels reported transiting Iranian side of Strait of Hormuz, days after major Chinese shippers said to have halted use of the route.
Bangladesh’s gas shortage falls with increased LNG supply to grid
Bangladesh’s gas shortage has eased following supply of LNG from two floating LNG terminals in Cox’s Bazar in the southwest of the country.
China squeezes India out of Russian crude as Beijing turns to Baltic cargoes
China has started buying Russian crude out of Baltic and Black Sea ports rather than Pacific ones, and India's refiners are the ones paying for it.
Japan’s Namura considers new large dock in Saga
Namura Shipbuilding plans to join a public-private investment project aimed at restarting domestic construction of LNG carriers.
Horizon Oil brings Thailand’s Sinphuhorm field online early
Horizon Oil has started gas production at Thailand’s Sinphuhorm Pad D facility, about 50 days earlier than planned.
SEFAS Group to acquire 100% of Shell's Indonesian retail fuel station network
Local lubricant distributor SEFAS Group has agreed to acquire full ownership of Shell (NYSE:SHEL)’s retail petrol station network.
Thailand turns plastic waste into fuel oil
Thailand is using technology to turn plastic waste into fuel while creating new income opportunities for communities.
Qatar pledges support to Bangladesh to strengthen energy security
Qatar has pledged to provide Bangladesh with all possible support to safeguard its energy security amid the country’s current challenges.
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