Asia/Pacific
India HMEL may halt naphtha exports from 2021–2022
NEW DELHI (Reuters) — India's HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, may halt naphtha exports from the 2021–2022 fiscal year when it starts its $3.1 B cracker, the chairman of Hindustan Petroleum Corp said.
Ecuador seeks renegotiation of China oil sales, loans
QUITO (Reuters) — Ecuador is seeking to renegotiate oil deals with Chinese firms to get higher prices for its crude exports and reduce the amount it has to send the Asian giant, the head of state-owned Petroecuador, Byron Ojeda, said on Tuesday.
IEA sees Southeast Asia oil demand growing until at least 2040
SINGAPORE (Reuters) — Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday.
Vopak launches concurrent bunkering services at its Singapore terminal
SINGAPORE (Reuters) — Vopak, the world’s largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel while simultaneously loading or discharging cargoes.
Noble Group to sell oil liquids unit to Vitol, flags $1.2 B loss
SINGAPORE (Reuters) — Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 MM as part of a debt-cutting strategy, and warned of a big loss for its third quarter.
US sets antidumping duties on Argentine, Indonesian biodiesel
WASHINGTON (Reuters) — The US Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States.
Tide of diesel from the East imperils Europe's rally
LONDON (Reuters) — A recent rally in European diesel prices could be jeopardized by rising inventories in November as a raft of tankers sets sail from the East, reversing two months of stock declines following Hurricane Harvey.
SECCO selects Honeywell plant technologies for operator training
CHENGDU, China — Honeywell Process Solutions (HPS) announced that Shanghai SECCO Petrochemical Company Limited (SECCO) will upgrade its operator training simulator (OTS) system to the Honeywell Connected Plant UniSim Competency Suite.
China refineries run at record Sept pace
BEIJING (Reuters) — China's oil refineries increased their run rates by 12.7% to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance.
Fluor selected for petchem project expansion in the Philippines
IRVING, Texas — Fluor Corporation announced that it was awarded an engineering, procurement and construction management (EPCM) contract for the utilities, offsites and infrastructure scope of work for JG Summit’s petrochemical complex expansion in Batangas City, Philippines. Fluor booked the undisclosed contract value in Q3 2017.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
