Asia/Pacific
IEA sees increasing natgas use, warns of high oil prices curbing demand
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the International Energy Agency’s (IEA) medium-term oil and gas market outlook.
ConocoPhillips to explore offshore Bangladesh
ConocoPhillips said it signed a production sharing contract (PSC) with the government of Bangladesh and Petrobangla covering two blocks in the deepwater area of the Bay of Bengal, representing ConocoPhillips’ first investment in the People’s Republic of Bangladesh.
Linde to build top air separation unit in Indonesia
The technology group The Linde Group said it closed a long-term deal to supply Indonesian steel corporation PT. Krakatau POSCO (PTKP) with industrial gases. Linde will invest around €88mn in constructing the country’s largest air separation unit (ASU) at Cilegon, around 100 kilometres west of Jakarta, it said.
JGC expanding electrolysis plant from Indonesia JV
JGC Plant Solutions and JGC Indonesia, both wholly-owned subsidiaries of JGC Group, have been awarded a lump-sum turnkey contract for expansion of the electrolysis facilities at a joint venture plant owned by P.T. Asahimas Chemical.
Celanese boosts planned ethanol capacity in China, accelerates production timetable
Celanese will accelerate its original schedule and begin industrial ethanol production in China earlier and with more capacity than previously announced, the US-based specialty chemicals firm said on Tuesday.
Shell, Sandvik to collaborate on sulfur technology at refinery projects
Shell Global Solutions and AB Sandvik Process Systems have agreed to collaborate on total sulfur technology solutions to their respective clients, particularly in refinery-wide projects, the companies said on Monday.
Toyo Engineering wins deal from Chandra Asri to build Indonesia's first butadiene plant
A Korean subsidiary of Japan’s Toyo Engineering Corp. has been awarded a contract to build a butadiene plant in Indonesia with a capacity of 100,000 tons/year.
Wood Group JV wins management deal for coal seam gas processing in Australia
Brisbane-based Wood Group Wagners has been awarded the project management services contract for the GLNG pipeline project in Queensland, a development that will process coal seam gas (CSG) into liquefied natural gas (LNG).
BP unveils annual energy review, sees China passing US as top consumer
China became the world’s largest energy consumer in 2010, overtaking the US during a year which saw the global economic recovery drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks, BP said in its annual global energy review.
Italy's Saipem, Japan's Chiyoda agree to JV for LNG, upstream projects
Saipem and Japanese firm Chiyoda Corp. have agreed to form a joint venture to develop onshore liquefied natural gas (LNG) and upstream projects, the companies said on Tuesday.
- Shell Aviation, Accenture, and Amex GBT expand Avelia into a multi-supplier SAF solution 7/16
- ORLEN and Krajowa Grupa Spożywcza sign MoU to accelerate biomethane production in Poland 7/16
- New plants, U.S. trade worries to drive China's 2025 naphtha imports to record 7/16
- Blue Water significantly reduces CO2 emissions by switching to HVO in port operations 7/16
- Swire Shipping launches new carbon insetting program – ‘Voyage to Zero’ 7/16
- China's surplus crude oil surges in June, giving refiners options 7/16
