Asia/Pacific
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO (Reuters) -- US oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
Cold weather, supply outages fuel LNG winning streak
MILAN (Reuters) -- Asian spot liquefied natural gas (LNG) prices remained firm into the final leg of 2016 as cold temperatures in South Korea, China and Turkey fueled demand while global supply faltered.
China's Sinopec starts construction of Zhanjiang refinery
BEIJING (Reuters) -- China's Sinopec Group has begun construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang, the company said on its website on Wednesday.
Shell completes the sale of Shell Refining Company in Malaysia
Shell has completed the sale of its 51% shareholding in the Shell Refining Company Berhad in Malaysia, which includes the 125,000-bpd refinery in Port Dickson, to Malaysia Hengyuan International Limited for $66.3 million.
Hengli Petrochemical selects Dupont technologies for alkylation complex
DuPont Clean Technologies announced that Hengli Petrochemical Company, based in Dalian, China, has awarded DuPont a contract to supply the alkylation and spent acid regeneration technologies for the nrew, grassroots refinery in the Changxing Island Harbor Industrial Zone.
Asia set for biggest refining capacity jump in three years
SINGAPORE (Reuters) -- Asia will post its biggest net refining capacity addition in three years in 2017, further boosting demand for crude in the world's biggest and fastest growing oil consuming region.
Death of diesel in passenger cars of limited concern to refiners
LONDON (Reuters) -- Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships, in trucks and heavy industry could save the refineries that invested heavily in producing the fuel.
Fluor awarded contract for Chevron manufacturing facility in China
IRVING, Texas – Fluor Corporation announced that Chevron (China) Chemicals Co., LTD. has selected Fluor to perform front-end engineering and design (FEED) work for a manufacturing facility in Ningbo, Zhejiang, China. Fluor booked the undisclosed contract value in the fourth quarter of 2016.
Shell agrees sale of Australia aviation business to Viva Energy
Shell has signed an agreement with Viva Energy Australia Pty Ltd for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million. It follows the sale of Shell’s other downstream activities in the country to Viva Energy in 2014.
By shielding biggest buyer Asia from supply cuts, OPEC risks prolonging fuel glut
SINGAPORE (Reuters) -- OPEC's efforts to hold market share in Asia by keeping its customers, which take about two-thirds of its exports, supplied amid wider output cuts could prolong the global fuel glut and frustrate its attempt to bolster prices.
- Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector 7/7
- 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
