Asia/Pacific
Numaligarh refinery plans $3 B expansion to treble capacity
Numaligarh Refinery Ltd. plans a $3 B expansion of its 60 Mbpd refinery in Assam.
MHPS receives order for steam turbine and generator set for cogeneration facility expansion at Miaoli plant
Mitsubishi Hitachi Power Systems received an order for a steam turbine and generator set that will become the core equipment of a coal-fired cogeneration system expansion project underway at the Chang Chun Petrochemical’s Miaoli Plant.
Singapore refinery profits at two-year low as naphtha joins glut
Singapore's oil refining profits dropped to two-year lows, in the latest sign that the industry is pumping out too much fuel for the market to absorb.
ExxonMobil urges end to PNG LNG royalty dispute amid protest
ExxonMobil Corp. urged a quick resolution to a dispute between the government of Papua New Guinea and disgruntled landowners, following a protest at its $19 B PNG LNG project over royalty disagreements.
Essar Oil’s Vadinar refinery recognized as “Refinery of the Year” by PetroFed
Essar Oil’s 20 MMtpy Vadinar refinery received the coveted “Refinery of the Year’’ award by Petroleum Federation of India.
BP seeks buyers for its half of China petrochemical venture
British oil major BP is seeking buyers for its 50% stake in Chinese petrochemicals joint venture SECCO, its largest investment in China.
Idemitsu family issues fresh call for management to end Showa Shell merger
The founding family of Japan's Idemitsu Kosan Co. Ltd. has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.
China fuel exports hit record in July, crude imports up 1.2%
China's fuel exports rose to a record in July as easing demand growth and a surplus in refined oil products pushed refiners to increase shipments to overseas buyers.
Essar Oil to upgrade Vadinar refinery
Essar Oil Ltd.’s 20 MMtpy Vadinar refinery is looking at earning an additional $1.50/bbl crude on its Gross Refinery Margin.
Trafigura extends credit to China teapots to boost crude sales
Trafigura has extended the credit period for two independent Chinese refiners to buy crude, marking a more aggressive push by the global commodity trader to feed the growing appetite of so-called "teapot" refiners to import oil.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
