Thursday, July 3, 2025

Asia News

Saudi Arabia Remains China's Top Crude Supplier

© Jason / Adobe Stock

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels…

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted

Dmitry Medvedev - Credit: Duma, via Wikimedia Commons - CC BY 4.0

Russia's former president Dmitry Medvedev said on Tuesday a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead…

ADNOC, AG&P Agree FSU Lease for Philippines First LNG Terminal Launch in July

©ADNOC

The logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) will supply a floating storage unit to LNG logistics company AG&P to launch the Philippines'…

Asian Countries Looking to Release Oil Reserves after U.S. Request

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The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States…

India's Top Oil Refiner Plans 10,000 Electric Car Charging Stations

Credit: kinwun
/AdobeStock (Cropped)

Indian Oil Corp (IOC) will set up 10,000 electric vehicle charging stations in the next three years and is drawing up plans to cut greenhouse gas emissions from…

China's Sinopec Finds Shale Oil at Shengli Field

A unit of state-run oil Chinese and gas major Sinopec Corp has found an initial 458 million tonnes (3.34 billion barrels) of geological shale oil reserves at its Shengli field, the official Xinhua new

Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan

Image courtesy Total

Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei.

India Asks Refiners to Cut Reliance on Middle East Oil after OPEC+ Decision

Image by Maksym Yemelyanov - AdobeStock

India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week…

Exxon to Lay Off 300 Workers in Singapore

TimeStopper

Exxon Mobil Corp plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7% amid the "unprecedented market…

CNOOC Leads First LNG Group Purchasing on Shanghai gas exchange

Chinese state-owned China National Offshore Oil Corp (CNOOC) has led the first group purchasing order for liquefied natural gas (LNG) on the Shanghai Petroleum and Natural Gas Exchange…

Prime Minister Modi: India to Double Refining Capacity in 5 Years

Prime Minister Narendra Modi (File Photo: Kremlin.ru)

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline…

Fire at Oil India Well Extinguished after Nearly Six Months

Image credit: Oil India Twitter

State-run explorer Oil India Ltd said on Monday a deadly fire at its well in eastern India that that started raging nearly six months ago has been "doused completely.""There…

Exxon Committed to Singapore Refinery Expansion

(File photo: ExxonMobil)

Exxon Mobil Corp said on Thursday it remained committed to expanding its refining-petrochemical complex in Singapore amid an ongoing review of its projects globally.Along with other oil producers…

Shell to Slash Jobs and Capacity at Major Singapore Refinery

Illustration; Credit: Rex Wholster/AdobeStock

Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.The refinery on Pulau Bukom…

Philippines Says No to New Coal Projects. Puts Focus on Gas

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The Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables…

Japan's Eneos Shuts Osaka Refinery CDU

Japan's biggest refiner, Eneos Corp, permanently shut the 115,000 barrels-per-day (bpd) crude distillation unit at its Osaka refinery on September 30 as planned…

China Starts Construction of Southern Part of China-Russia East Gas Pipeline

Illustration - hanmaomin / AdobeStock

Construction has started on the southern portion of the China-Russia East natural gas pipeline, which carries supplies from the Power of Siberia system in Russia…

PipeChina to Buy $56B Worth of Pipelines

Illustration - hanmaomin

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities…

Oil Search Q2 Revenue Falls About 30%

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Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua

OPEC+ Meets to Decide on Oil Output Cuts Easing

Image by Maksym Yemelyanov - AdobeStock

OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global…

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