Asia/Pacific
Shipping industry off track to meet 5% zero-emission fuel target by 2030
The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry's 2050 decarbonization goal.
Diesel is subsidizing other fuels in Asia, but beware China
The profit for turning a barrel of crude oil into refined fuels in Asia has slipped to the lowest in three months, even though the margin on diesel remains elevated.
China's Sinopec signs equity agreement for Kazakh polyethylene project
China's Sinopec has signed an equity agreement with Kazakh state-owned oil and gas firm KazMunayGas JSC for a 30% stake in a planned polyethylene project in Kazakhstan.
Automakers blast U.S. plan to hike fuel efficiency rules
A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.
EXMAR hits milestone to equip new Midsize Gas Carriers with ammonia dual-fuel engines
EXMAR LPG BV is going ahead with ammonia as fuel for two Midsize Gas Carriers on order at Hyundai Mipo Dockyard in South Korea.
Singapore September bunker sales steady at 4.26 M tons
Singapore's marine fuel sales, also known as bunker sales, were steady in September month-on-month as vessel calls and container throughput were little changed.
Russia-China oil and gas cooperation in focus as Putin visits Xi
Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia's conflict in Ukraine and it insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses.
Maersk and Hyundai Heavy Industries launch first of 12 methanol powered container ships
The first in a new series of 12 methanol-enabled container ships achieved its launching and undocking milestone.
FueLNG celebrates monumental milestone: 100th ship-to-ship LNG bunkering operation
FueLNG, a joint venture between Seatrium Offshore & Marine Ltd and Shell Singapore Pte. Ltd, announces the successful completion of its 100th ship-to-ship LNG bunkering operation.
Japan set to extend fuel, power subsidies to March 2026
Japan's government is set to decide to extend gasoline, natural gas and power subsidies to the end of March that were set to expire at the end of 2023.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
