Asia/Pacific
China court sentences 23 people to jail for smuggling fuel
BEIJING (Reuters) -- An court in eastern China has sentenced 23 people to jail of up to 15 years for smuggling refined fuel, state news agency Xinhua reported on Friday.
Viewpoint: Reshaping the industry toward innovation, certainty and efficiency
It is no secret that capital costs of major projects have skyrocketed over the past decade. A July 2015 industry report noted that the average megaproject’s cost increase is 80% of its original value, with an average schedule slippage of 20 months.
Viewpoint: Leadership commitment for safety and sustainability
Management commitment is an essential ingredient for building a healthy organizational safety culture. To achieve this objective, management must provide adequate resources, along with unstinted support and direction.
Business Trends: India’s natural gas demand—a welcome sign for LNG exporters
India is emerging as the world’s new oil demand center. Complementing its thirst for crude oil, the country has the potential to become a hotbed for natural gas consumption over the next few years.
Editorial Comment: In defense of intellectual property integrity
In the publishing business, a key editorial responsibility is ensuring the integrity of all articles that are chosen for publication. This column elaborates on additional ways that prospective authors can help ensure that readers trust what we print.
Industry Perspectives: New gas processing/LNG project announcements decline for second straight year
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, over 1,000 new projects have been announced since 2014. Nearly half of these projects were announced in 2014, and the trend shows a steady decline in new project announcements since that time.
Shift to gas: A contribution on the path to sustainability
The COP21 event left the world with new mandates to develop and implement low-emissions energy sources to power the global economy. To limit global warming, the world must increase the use of resources like natural gas, which offers a quick, relatively clean and inexpensive interim step in the global transition from high-emissions resources to renewable energy sources.
France's Technip, Venezuelan firms tapped to refurbish Aruba refinery
ORANJESTAD/HOUSTON (Reuters) -- A consortium formed by France's Technip and Venezuela's Tecnoconsult and Y&V Group was picked to refurbish Aruba's 225,000-barrel-per day refinery, the Caribbean island's government said on Thursday.
China slashes first round of oil products export quotas
BEIJING (Reuters) -- China has cut oil product export quotas to the nation's four oil majors by 40% in the first round of licenses for 2017, according to two sources who have seen the documents, even as traders expect allowances for overseas sales to meet or exceed this year's record levels.
China's diesel demand likely to rise ahead of Lunar New Year
SINGAPORE (Reuters) -- China's diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia 7/7
- Diesel East-West price spread nears 1.5-yr high amid supply concerns West, stable East 7/7
- U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude 7/7
- Shell flags profit hit from weakness in gas trading and chemicals business 7/7
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
