Asia/Pacific
Linear position sensors gain preference in industrial process control applications
Today’s industrial process control applications increasingly use automated systems to optimize operations and ensure a safer, more productive process.
Project Management: Protect operating margins with outsourced asset management
The oil and gas sector is under pressure to maintain operating margins. Although oil prices have stabilized in recent months, they have, nonetheless, fallen dramatically in the last year. This has bee..
Industry Metrics
Refinery margins weakened in the US due to lower winter demand.
Italy’s Eni slashes 2016 investment plans after reporting heavy losses
Eni posted a net loss in the quarter of 8.46 billion euros ($9.4 bln) on Friday after booking charges on its stake in oil service company Saipem and chemical unit Versalis.
India boosts purchases of West African crude as new refinery starts up
Traders said the startup of the 300,000-bpd Paradip refinery, which started processing oil early in February, encouraged more bookings from West Africa to India.
BASF braces for lower operating profit as Chinese chemical sales slump
Slight profit gains in farming pesticides, and specialty chemicals and plastics, will be overshadowed by considerable declines at its basic petrochemical businesses and at its Wintershall oil and gas division.
China seeks urban ban on high-sulfur diesel sales
The tighter fuel standards are an attempt to tackle air pollution. Emissions from automobiles, especially from diesel-burning trucks, are one of the main contributors to the choking smog in China.
China’s emergence as diesel exporter dampens Asian refining margins
The surge in Chinese shipments has been felt the most in the diesel market, where benchmark Asian margins recently slumped to 6-year lows following an almost 80% jump in Chinese exports.
Woodside’s CEO remains wary on timing, extent of any oil market recovery
The uncertain outlook is deterring Australia's top oil and gas producer from going ahead with its biggest growth project, Browse floating LNG, or from chasing acquisitions.
Asian refiners to cut back on naphtha imports
While the reduced volume has lifted spot prices, a weak gasoline market and cracker maintenance in North Asia in March are capping price gains, traders said.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
