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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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Indonesia sets 2027 crude oil lifting target at 612,500 bpd
Seeking to halt long-term natural depletion and reverse domestic production shortfalls, the Indonesian government has established higher upstream crude oil targets
Pakistan seeks spot LNG cargo for September delivery
Pakistan has moved to secure an additional liquefied natural gas (LNG) cargo from the international spot market as it looks to meet near-term energy requirements.
India becomes key gasoline supplier to Russia amid refinery disruptions
India has emerged as a major supplier of gasoline to Russia as Ukrainian drone strikes on Russian refineries disrupt domestic fuel production and drive up imports.
Oil India unit signs MoUs for four waste-to-energy projects in Haryana
Oil India Green Energy Limited (OGEL), a wholly owned subsidiary of Oil India Limited (NSE: OIL), has signed memorandums of understanding (MoUs) with four Haryana municipalities to develop integrated compressed biogas and waste-to-energy projects
Russia fails to secure deal for Power of Siberia 2 after another meeting with China
Power of Siberia 2 is back on the agenda, but China still has little reason to rush into a 30-year gas commitment.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
Malaysia restores RON 95 monthly fuel quotas, expands micro-financing
To mitigate rising living costs and bolster small business operations, Malaysian Prime Minister Anwar Ibrahim has unveiled a series of economic relief measures
Sri Lanka electricity tariffs face fresh pressure as CPC raises fuel prices
Sri Lanka’s electricity consumers could face another tariff increase after the Ceylon Petroleum Corporation (CPC) raised the prices of naphtha and heavy fuel oil (HFO) by around 20% and stopped sales of subsidised fuel to the power sector.
Indonesian Pertamina warns 2026 budget overrun on subsidised LPG quotas
Facing surging domestic energy demand and price disparities between subsidised and non-subsidised fuels, Indonesia’s national energy company has alerted Parliament to potential fiscal quota overruns
The world has spent its emergency oil, the only stockpile growing is Iran's
Six months into the war around the Strait of Hormuz, the world's emergency oil reserves are close to spent.
US sanctions four India-based firms, three nationals over Iran petrochemical trade
The United States has imposed sanctions on four India-based companies and three Indian nationals over their alleged involvement in Iran’s petroleum and petrochemical trade as part of Washington’s newly launched “Operation Economic Outcast”
PTTEP signs 35-year gas deal for Thai-Malaysia JDA block
A Thai company has secured a 35-year deal covering gas exploration and production in the Malaysia-Thailand Joint Development Area (JDA).
Indonesia’s H1 2026 oil and gas output falls short of targets
The operational disruptions and accelerating natural field depletion across flagship assets had affected Indonesia’s upstream oil and gas sector, as it missed official government targets during the first seven months of the year.
Malaysian offshore vessel operator Keyfield International acquires distressed mega-dredger for $24.7mn
Accelerating its long-term strategic pivot to diversify earnings beyond oil and gas support services, offshore vessel operator Keyfield International Berhad (KLSE: KEYFIELD) is expanding into regional dredging and marine civil engineering.
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%,
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