AsianOil - Asia Oil & Gas

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Overview

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.

Our editorial team is constantly looking for stories that cannot be found elsewhere amongst our competitors. We have interviewed leading industry figures and analysts, providing a unique and exclusive insight into the issues that matter. 

We also include “Country Profiles,” offering multi-dimensional analysis on individual regions, from the broad perspective of political and policy news, to on-the-ground information on projects and production via our network of journalists and contributors.

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Read a recent issue cover to cover (click the image below)

Indonesia, India and Pakistan race to stockpile oil after Hormuz shock - McKinsey

2 November 2026

Importers that entered the Hormuz crisis with empty tanks are racing to build oil stockpiles, but announced plans add only 7% to global crude stocks.

Indonesia's Pertamina eyes Nigerian oil assets as Jakarta prepares state-led crude procurement

2 November 2026

Indonesia's national oil company Pertamina is considering Nigerian upstream assets as Jakarta begins shifting overseas energy procurement towards government-to-government arrangements

India's energy majors bank a war windfall

2 November 2026

India's three biggest energy groups have just reported bumper quarterly profits, but the fuel margins behind the largest slice of the windfall are already easing.

Singapore rebuts Indonesia over LNG resale claims

2 November 2026

Liquefied natural gas (LNG) handled by Singapore-based traders generally travels straight from producing countries to buyers without reaching Singapore, the city-state's Ministry of Energy, Trade and Industry (METI) said.

Vedanta aims to cut crude output costs in India's Rajasthan

2 November 2026

Vedanta Oil & Gas wants to bring down crude extraction costs in Rajasthan to $10-13 per barrel, compared with $16.5 now.

Pakistan caps refinery margins after profits surge twentyfold

2 November 2026

Pakistan's major oil refineries posted a nearly twentyfold increase in combined profit for the quarter ending in September.

OPEC+ holds December output steady as 2027 call looms

1 November 2026

OPEC+ left December production targets unchanged on November 1, deferring any fresh policy move into next year as the group grapples with Iran war export disruptions

Iranian crude shipment arrives in China after 3.5-month voyage at sea

1 November 2026

A tanker carrying 2mn barrels of Iranian crude oil has docked in China after spending three and a half months at sea, monitoring service TankerTrackers.com said.

The fragmented cost of energy - IntelliNews Lambda

1 November 2026

European gas prices broke €100 per MWh on October 28 for the first time since 2022, with the tanks meant to carry the continent through winter only three-quarters full.

Indonesia squeezes Singapore as gas nationalism crosses a new line

31 October 2026

Indonesia has started using its gas as a political lever against Singapore, first cutting pipeline deliveries and then questioning what the city state does with Indonesian LNG.

South Korea eases diesel curbs as Asia rethinks fuel security

30 October 2026

South Korea will let its refiners export more diesel from November, as Asian governments ease wartime fuel controls only as far as their own supplies allow.

China set to lose world's largest LNG importer status to Japan as demand weakens

30 October 2026

China is on course to lose its position as the world's largest LNG importer to Japan in 2026, as elevated international prices, stronger domestic gas production and expanding pipeline supplies undermine demand for seaborne imports.

Indonesia's gas security push threatens export ambitions

30 October 2026

Indonesia is considering further restrictions on natural gas exports as it seeks to secure supplies for domestic power generation and industrial development.

Greater Sunrise faces new uncertainty as Timor-Leste searches for operator

30 October 2026

Timor-Leste is seeking a new international operator for the long-delayed Greater Sunrise gas development following Woodside Energy's decision to withdraw.

China export U-turn sends Asian gasoline margins crashing

30 October 2026

Asian gasoline refining margins have fallen almost 80% from their October peak after Beijing unexpectedly released more fuel export quotas, exposing the fragility of a market that had benefited from severe supply disruptions.

Abadi LNG secures domestic buyers but financing remains key obstacle

30 October 2026

Indonesia's $21bn Abadi LNG development has secured new gas supply agreements with three domestic buyers, marking an important step towards commercialising the long-delayed project.

India's LNG import bill jumps 23% despite modest growth in volumes

30 October 2026

India's LNG import bill rose by 23% year on year to $8.5bn during April–September 2026, as soaring international gas prices and disruptions to Middle Eastern supplies drove up costs despite only a modest increase in import volumes.

Eni starts Maha gas production offshore Indonesia, boosting supply to Bontang LNG

30 October 2026

Italy's Eni has started natural gas production from the offshore Maha field in Indonesia's Kutei Basin, adding new supplies for domestic consumers and the Bontang LNG export complex as the country seeks to reverse declining gas output.

Reliance profit surges 41% as refining margins strengthen

30 October 2026

India's Reliance Industries reported a 40.6% year-on-year increase in net profit to INR255.48bn during July–September, driven by stronger refining margins and higher petrochemical earnings amid global supply disruptions.

China's oil giants reap windfall as domestic fuel demand slumps

30 October 2026

PetroChina and Sinopec have reported sharply higher profits despite falling refinery throughput and fuel sales, highlighting how elevated oil prices and stronger margins are masking structural weakness in China's petroleum market.

Bangladesh seeks more US LNG deals as Qatar supply crisis deepens

30 October 2026

Bangladesh is negotiating additional long-term LNG supply agreements with US companies as it seeks to diversify imports and reduce its dependence on Middle Eastern suppliers following prolonged disruption to Qatari deliveries.

Indonesia plans new agency to accelerate upstream oil and gas investment

30 October 2026

Indonesia plans to establish a new agency with sweeping authority over upstream oil and gas permitting, as the government seeks to attract foreign investment, accelerate exploration and reverse declining domestic production.

Australia’s Santos faces regulatory scrutiny over Barossa gas flaring

30 October 2026

Australian energy producer Santos is facing renewed regulatory scrutiny over excessive gas flaring and fuel consumption at its $5.6bn Barossa LNG development.

Indonesia-focused Searah targets three Kutei Basin gas developments for start-up in 2028–29

30 October 2026

Eni and Petronas joint venture Searah is targeting the start-up of three major gas developments in Indonesia's offshore Kutei Basin during 2028–2029, as the partners seek to substantially increase production and support LNG exports.

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Edited by

Andrew Kemp

Editor

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