Asia/Pacific
Woodside’s CEO remains wary on timing, extent of any oil market recovery
The uncertain outlook is deterring Australia's top oil and gas producer from going ahead with its biggest growth project, Browse floating LNG, or from chasing acquisitions.
Asian refiners to cut back on naphtha imports
While the reduced volume has lifted spot prices, a weak gasoline market and cracker maintenance in North Asia in March are capping price gains, traders said.
KBR licenses new alkylation technology in China
K-SAAT is a new technology to produce alkylate, which is an ultra-clean gasoline blendstock. Under the terms of the deal, KBR will deliver the licensing package for this first-of-a-kind project.
Indian refiner Reliance to resume using Iranian oil
The Indian refining conglomerate, controlled by billionaire Mukesh Ambani, stopped Iranian oil imports in 2010 because it was worried about the threat of US sanctions.
Rising diesel demand in South Korea cuts exports, could enhance margins
Growing sales of diesel cars and increased use by the freight sector have stoked appetite for the fuel in the country, while subsidies to encourage diesel taxis may provide a further boost this year.
Japan embarks on wave of refining consolidation
With four of its five largest refinery companies set to merge, Japan could be left with only 3.2 million bpd of refining capacity by 2020 and as little as 2.3 million bpd by 2030.
Thai refinery to use Axens’ reforming technology
For this specific project, detailed studies demonstrated that Axens’ technology solution was the most economically attractive option for a given reformate RON target.
Russia’s Rosneft in advanced stage to buy stake in Indian refiner Essar Oil
"Rosneft is in advanced stage to conclude the due diligence process and it will still take some time before the deal is finally closed," Essar Oil Managing Director L.K. Gupta said.
China exports more diesel as local demand slows
Diesel exports in the first quarter of 2016 may high a record high for that period, flooding Asia with supply at a time when profit margins are close to six-year lows, industry sources have said.
Axens to supply technology on China’s first plant for crude-to-paraxylene
The complex includes a final-conversion refinery oriented towards the production of naphtha and an aromatic complex to maximize high-purity paraxylene production.
- 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
