So, I'm not pushing you into one thing or another; if this was a road or paving job, 100% we could have them cut the about 5x5 ft area in picture no1, remove and replace. It wouldn't even be a discussion.
So, that's expensive; so the back up, not really good option, some light torching, some clean sand, and a push broom. You lightly heat the entire area (you don't want to burn the AC out of it; But AC is at the bottom of a frack tower; it is less volatile than about any other petroleum product, and the oil/fuel/hydralic, whatever should evaporate at a lower temp than the AC); once the area is warm to hot, sweep the clean sand over the affected area, a couple times, then clean the sand up once everything is cold. Don't get a loop rake and work the area up, that will be really noticeable.
Some damage Has been done to the AC, but we probably are talking about the upper 1/4", and I wouldnt say you have ruined the asphalt completely. The sand will kinda blend the appearance.
Seal coating... not a fan; it doesn't really address any actual issue in the asphalt, it basically just paints the surface. There are seal coat products that claim they get absorbed, but I don't really understand how that works;