Asia/Pacific
Scientific Design signs technology contract with Sanrui
LITTLE FERRY, NEW JERSEY -- Scientific Design Company, Inc. (SD) today announced that Sanrui Technology Chemical Industry CO., LTD. has selected SD’s EO/EG technology for their complex in Cangzhou, Hebei, China.
IEA: Oil demand to grow more swiftly, too early to assess global output cut
LONDON (Reuters) -- Global oil demand will rise more strongly than expected next year, although it is too soon to fully assess the impact of a joint cut in supply by the world's largest producers, International Energy Agency said on Tuesday.
China suitor tightens grip on century-old Caribbean refinery
BEIJING/HOUSTON (Reuters) -- China's Guangdong Zhenrong Energy Co will submit a plan by April to revamp a century-old oil refinery in Curacao, as it seeks to secure a $5.5 billion project that will give China a foothold in the Caribbean's second-largest oil refinery.
China's Sinopec weighs takeover of Gulf Keystone
(Reuters) -- China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
S.Korea's Lotte Chemical to invest $215 MM to add ethylene capacity
SEOUL (Reuters) -- South Korea's Lotte Chemical Corp said on Monday it will invest $215.82 million to increase the ethylene production capacity at its southwestern Yeosu plant by 2018.
RINA services awarded Chevron, ExxonMobil Indonesian gas contracts
PT RINA Indonesia, in consortium with PT Depriwangga, has been awarded two contracts to provide quality assurance services for offshore and onshore projects in Indonesia.
Fluenta to supply monitoring system for Petronas refinery
Fluenta announced the sale of 24 ultrasonic flare gas monitoring systems to Malaysian state-run oil and gas company Petronas.
China teapots to extend oil buying spree into 2017
BEIJING (Reuters) -- China's small, independent refiners are set to raise their crude oil imports again in 2017 on expectations that Beijing will keep their intake quotas steady, market participants said, a move that should help eat up some of the global supply glut.
Japan refiners Idemitsu, Showa Shell working on merger, despite setbacks
TOKYO (Reuters) -- Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu said they have not decided on a capital and business tie-up as reported by some media organizations, and that they are still working towards an eventual merger.
KBR awarded license contract for largest ROSE unit design
HOUSTON – KBR, Inc. announced it has been awarded a license and basic engineering design (LBED) contract by Hyundai Oilbank (HDO) for an 80,000 bpd ROSE unit in Daesan, South Korea. The unit will be built using KBR's proprietary ROSE technology, which provides solvent deasphalting (SDA), and will be the largest SDA unit in the industry.
- 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
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 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
