Asia/Pacific
Scientific Design awards Indian Oil MEG plant license
LITTLE FERRY, New Jersey -- Scientific Design Company, Inc. (SD) today announced that Indian Oil Corporation LTD. Has selected SD’s MEG technology for their complex in Paradip, Odisha, India.
India looks at creating oil giant to take on global rivals
NEW DELHI/MUMBAI (Reuters) -- India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said on Wednesday, as the world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.
Gas tanker collides with Indian ship off Chennai's coast, no injuries
OSLO (Reuters) -- A gas tanker from Oslo-listed shipping company BW LPG has collided with an Indian ship off the coast of Chennai in India, a BW LPG executive said on Monday.
Pertamina to go solo on Balongan refinery
JAKARTA (Reuters) -- Indonesian energy company Pertamina will proceed with an upgrade of its Balongan refinery without a partner, company officials said on Monday.
Oil extends declines on rising US output
TOKYO (Reuters) -- Oil prices extended declines on Monday, dragged down by signs of growing production in the United States that could partly offset output cuts by OPEC and other producers.
Sinopec awards DuPont technologies contract for alkylation technology
WILMINGTON, Del. – DuPont Clean Technologies announces that China Petrochemical Corporation (Sinopec) has awarded DuPont the license and engineering contract for its STRATCO Alkylation Technology. The new unit is to be located at the existing Sinopec Tianjin Company (TPCC) refinery in the Tianjin Binhai New Area district. The addition of the STRATCO sulfuric acid alkylation unit will improve the quality of the existing refinery gasoline pool to ensure compliance with the China V standard.
Asia gasoline refiners set to recover after glut
SINGAPORE (Reuters) -- Many Asian gasoline refiners have started to recover from one of the sector's worst-ever gluts, with profit margins climbing as consumption grows and as stricter fuel specifications in top consumers force some inefficient producers to cut supply.
Malaysia's Petronas says RAPID project on track for 2019 start-up
KUALA LUMPUR (Reuters) -- Malaysia's state oil firm Petroliam Nasional Berhad said on Thursday its new $27 billion refining and petrochemical complex project in the southeast Asian country is on track for start-up in 2019.
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
TOKYO (Reuters) -- Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year's agreement between OPEC and non-OPEC countries to cut output, a senior official of the kingdom said on Thursday.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
