Economics
Column: Asian refinery wars - China, India gain market share
China's surging exports of refined fuels have cut profit margins for Asia's refiners, but the pain is unlikely to be shared equally across all the region's exporters of oil products.
Chevron and ENN sign LNG sales and purchase agreement
Chevron USA Inc. signed a binding LNG sales and purchase agreementwith ENN LNG Trading Company Ltd. for the delivery of LNG to China from Chevron’s global supply portfolio.
Japan's JX, TonenGeneral merger deal imminent
Japan's JX Holdings and TonenGeneral Sekiyu are set to finalize details Wednesday, August 31 for a new merged company to be formed in April 2017.
Wärtsilä, Gasum aim to develop LNG markets
Wärtsilä and Finland based Gasum signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine and onshore applications.
ExxonMobil, BP, ConocoPhillips decide not to invest in Alaska LNG
ExxonMobil will likely sell their share of the Alaska LNG JV with BP, Conoco Phillips and the state government, as they believe the project will not be profitable under current market conditions.
Profit at China's Sinopec slumps 21.6% in first half
Sinopec said its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices.
Shell and government of Gibraltar sign LNG supply agreement
The government of Gibraltar and Shell signed an agreement for the supply of LNG for use in power generation in Gibraltar.
Oil refiners face reprieve as maintenance tames fuel glut
Oil refiners reeling from tumbling profits can expect some reprieve in the coming weeks as lower production could tame a huge global excess of gasoline and diesel.
LyondellBasell retains bank for potential Houston refinery sale
LyondellBasell Industries has retained Bank of America Merrill Lynch to help with the potential sale of its refinery in Houston.
Hyundai Engineering lowers design costs with 3D technology
Hyundai Engineering used 3D technology to increase the efficiency of engineering design on their $2 B petrochemical plant project.
- SIBUR produces test batch of first hexane plant in Russia 8/28
- Universal Fuel Technologies’ SAF accepted into ASTM Clearinghouse for qualification 8/28
- Honeywell technology to fuel Syzygy Plasmonics' SAF project 8/28
- Sinopec wins engineering contract for Saudi Arabian green hydrogen/ammonia project 8/28
- Russia's idle oil refining capacity record high after Ukrainian drone attacks 8/28
- Brazil approves temporary antidumping measures against Canadian, U.S. polyethylene resins 8/28
