Asia/Pacific
Asahi Kasei Mitsubishi Chemical Ethylene Corp. naphtha cracker restarted
Asahi Kasei Mitsubishi Chemical Ethylene Corp.’s naphtha cracker in Mizushima has been restarted after production was suspended in July due to a malfunction in its refrigeration system.
Idemitsu resumes operation of Hokkaido vacuum distillation unit after fire
Japanese oil refiner Idemitsu Kosan Co. resumed operations Sunday at the vacuum distillation unit of its Hokkaido refinery after the unit caught fire earlier last week.
Hyundai Oilbank buys first Iranian condensate for new splitter
Hyundai Oilbank Co., South Korea's smallest refiner by capacity, has bought its first Iranian condensate cargoes to prepare for trial runs at a new refining unit in its joint venture with Lotte Chemical.
Numaligarh refinery plans $3 B expansion to treble capacity
Numaligarh Refinery Ltd. plans a $3 B expansion of its 60 Mbpd refinery in Assam.
MHPS receives order for steam turbine and generator set for cogeneration facility expansion at Miaoli plant
Mitsubishi Hitachi Power Systems received an order for a steam turbine and generator set that will become the core equipment of a coal-fired cogeneration system expansion project underway at the Chang Chun Petrochemical’s Miaoli Plant.
Singapore refinery profits at two-year low as naphtha joins glut
Singapore's oil refining profits dropped to two-year lows, in the latest sign that the industry is pumping out too much fuel for the market to absorb.
ExxonMobil urges end to PNG LNG royalty dispute amid protest
ExxonMobil Corp. urged a quick resolution to a dispute between the government of Papua New Guinea and disgruntled landowners, following a protest at its $19 B PNG LNG project over royalty disagreements.
Essar Oil’s Vadinar refinery recognized as “Refinery of the Year” by PetroFed
Essar Oil’s 20 MMtpy Vadinar refinery received the coveted “Refinery of the Year’’ award by Petroleum Federation of India.
BP seeks buyers for its half of China petrochemical venture
British oil major BP is seeking buyers for its 50% stake in Chinese petrochemicals joint venture SECCO, its largest investment in China.
Idemitsu family issues fresh call for management to end Showa Shell merger
The founding family of Japan's Idemitsu Kosan Co. Ltd. has made a fresh call on management to give up its plan to merge with rival oil refiner Showa Shell Sekiyu KK.
- 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
