Asia Oil Company News

An unexpected suspension of offshore drilling rigs in Saudi Arabia is having a big knock-on effect on the business of China's state-owned drilling...

South Korean refiner S-Oil has become the first firm in the country to receive certification for supplying sustainable aviation fuel via the...

Energy giant Saudi Aramco has awarded over $7 billion in contracts as part of its plans to tap into the country's vast but underdeveloped natural gas reserves...

Japanese conglomerate Mitsubishi has made a strategic investment in MidOcean Energy, an international liquefied natural gas trader...

Japan's oil refining major Idemitsu Kosan and leading petrochemical company Mitsui Chemicals are planning to wind down some of their joint...

The former chief of Glencore's oil trading division has lost his battle with UK government over the tax rate on £150 million worth of payments...

The 27.5% stake in Russia's Sakhalin-2 LNG project previously owned by energy major Shell is set to be transferred to state-run Gazprom...

Energy trading giant Vitol saw its 2023 revenues fall over 20% on the year as volatility in the market pulled back from unprecedented highs...

Japan's largest oil refiner Eneos Corp has shut one of the crude distillation units at its Kawasaki refinery on the outskirts of...

China's biggest oil producer PetroChina is to produce less crude oil in 2024 amid...

Vietnam's biggest oil refiner Nghi Son Refinery and Petrochemical will further increase its operating capacity to ensure...

China's state-owned energy giant Sinopec is aiming to increased the production of refined products by 2% in 2024, despite a drop in 2023 annual profits...

The UN's global shipping agency has this week agreed some of the contours of a possible draft outline of various methods to deliver next year on tougher decarbonisation targets

Japanese trading house Mitsui and Tokyo Gas has successfully completed the first delivery of biomethane to Japan earlier this week, announced Mitsui on Friday...

India's Reliance Industries has halted oil imports moved by Sovcomflot after the US targeted Russia's largest tanker operator with...

Chinese demand for refined oil products could fall sharply in the coming years as Beijing continues to expand...

Kuwait is set to embark on offshore drilling for the first time, as the small GCC state looks to tap oil and gas reserves located...

Oil and gas executives attending this week's CERAWeek in Houston remain relatively upbeat on the outlook for global LNG markets...

US company New Asean Energy (NAE) and technology firm Actual are eying producing feedstocks for sustainable aviation fuel and...

China's National Offshore Oil Company (CNOOC) on Tuesday announced another large...