Asia/Pacific
Oil tanker carrying naphtha explodes at southern China port
An oil tanker carrying 3,400 tons of naphtha exploded during discharge at a southern Chinese port.
Japan's JX shuts Kashima condensate splitter, reformer after fire
JX Nippon Oil & Energy Corp. shut its 63-Mbpd condensate splitter and the 21-Mbpd No. 3 reformer at its Kashima refinery in eastern Japan after a fire at the reformer.
KBR awarded pre-FEED study for Indonesian LNG regas project
KBR has been awarded a pre-front end engineering and design study for Australasia LNG’s proposed LNG Hub terminal in Probolinggo, East Java, Indonesia.
Rosneft's partner in Essar deal says may sell stake within 5 years
Russian private investment group United Capital Partners, which is teaming up with oil giant Rosneft to buy India's Essar Oil in a $12.9-B deal, said it may sell its stake within five years.
LG Chem to invest $260 MM at Daesan for ethylene by 2019
LG Chem will spend $257 MM to add ethylene production to its Daesan naphtha plant by 2019.
Petrobras approves sale of Okinawa refinery, terminal to Taiyo Oil
Petrobras’ Board of Directors approved the sale of 100% of the shares of the Nansei Seikyu refinery and terminal to Taiyo Oil Company.
Air Products and NICE sign MOU to develop hydrogen fuel projects in China
Air Products and the National Institute of Clean-and-Low-Carbon Energy have signed a memorandum of understanding to develop hydrogen fuel projects in China.
India's Essar agrees to sell oil arm to Rosneft-led group
India's debt-laden Essar Group confirmed on Saturday that it has agreed to sell a 98% interest in its Essar Oil unit to a consortium led by Russia's Rosneft.
Idemitsu delays full takeover of Showa Shell on founding family opposition
Japanese refiner Idemitsu Kosan has put on hold its plan for a full takeover of smaller rival Showa Shell Sekiyu indefinitely after running into fierce opposition from the Idemitsu founding family.
ChemChina, Sinochem in talks on possible merger
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil company with almost $100 B annual revenue.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
