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Asia/Pacific

CIMIC Group issues update on Gorgon LNG lawsuit

Australia’s CIMIC Group Ltd. released a statement yesterday about a Notice of Dispute the company issued in February relating to the Gorgon LNG Jetty and Marine Structures Project.

China targets teapot oil refineries in tax crackdown

China's crackdown on alleged tax evasion in the oil industry will target independent refineries and follows complaints by state energy giants.

Column: China's fuel exports less worrisome than crude costs for refiners

China's booming fuel exports have contributed to a structural lowering of margins for the region's refiners, but fluctuations are still mostly linked to crude prices.

General Atomics’ electrostatic separators selected for S-Oil’s Onsan refinery

General Atomics Electromagnetic Systems received an order for a 16-module electrostatic separator system for installation at the new residue upgrading complex project at S-Oil Corporation’s Onsan refinery in the Republic of Korea.

LNG slump, cost cutting spur rare output curb at Australian plant

Spending cuts and weak global liquefied natural gas prices have forced the operator of the Gladstone LNG project in Australia to consider running the plant at less than full tilt.

Malaysia's Petronas Chemicals says 2 killed from ammonia leak at plant

Malaysia's Petronas Chemicals Group said Tuesday that an ammonia leak at one of its plants in the eastern state of Sabah killed two employees and injured three.

PDVSA sees future in consolidation with China

HP Editorial Staff: HP News

People’s Minister of Petroleum and President of Petroleos de Venezuela SA, Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee growth.

Australia's gas paradox: supply crunch looms despite rich reserves

Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.

Japan's Idemitsu defends Showa Shell merger opposed by founding family

Idemitsu Kosan defended its planned merger with smaller rival oil refiner Showa Shell Sekiyu KK, in the face of opposition from the founding Idemitsu family.

KOGAS may build LNG import terminal for Mexico's Yucatan

Korea Gas Corp. signed a memorandum of understanding with the Mexican state government of Yucatan to build an LNG import terminal and gas pipelines.