Asia/Pacific
Russian oil and gas revenues set to rise by 50% y/y in June, refinery subsidies decrease
Russia's oil and gas revenue in June is set to rise by more than 50% year on year to $9.4 B, after a decrease in subsidies to refineries and reflecting the Russian economy's ability to limit the impact of sanctions.
Russian gasoline output lags June expectations
Russian gasoline production has increased by only 2% from May's average in the first 18 days of June, less than expected by the energy ministry, the Kommersant newspaper reported on Monday, citing sources familiar with the official data.
China's LNG imports set to slow
China appears to have taken advantage of low prices in the spot market so far in 2024 to boost the amount of gas in storage, absorbing some of the extra fuel that would otherwise have been sent to Europe.
Vietnam's Binh Son refinery signs deal to buy Bach Ho crude
Binh Son Refining and Petrochemical has signed a new contact to buy crude oil from Bach Ho field for the 2024–2027 period. The crude oil will be for the operations of its 130,000-bpd Dung Quat refinery in central Vietnam, the company said in a statement.
Drone crashes into Ilsky oil refinery in Russia's Krasnodar region
A drone crashed into the Ilsky oil refinery in Russia's southern Krasnodar region on Friday, injuring at least two people and causing a small fire.
Indian refiners' May crude processing rises on firm demand
Indian refiners processed nearly 1.3% more crude oil in May than a year earlier, while the share of Russian supplies in imports to the world's third biggest oil consumer increased.
Hengyuan Refining flags revenue impact after cracking unit shutdown
Hengyuan Refining Co. expects an unplanned shutdown of its long residue catalytic cracking unit (LRCCU) to impact its revenue.
China produces first nuclear-generated steam for petrochemicals plant
China's first nuclear-based steam generation project began production on Wednesday, state-run China National Nuclear Corp (CNNC) said in a Wechat post announcing the latest step in Chinese efforts to decarbonize heavy industry.
Technip Energies awarded a significant contract for IOCL’s grassroots naphtha cracking unit at Paradip (India)
Technip Energies has been awarded a significant contract by Indian Oil Corporation Limited for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1.5-MMtpy Paradip naphtha cracker unit block of the grassroot petrochemical complex in Paradip, India.
Research and application of proprietary cold oil absorption technology in the recovery of refinery dry gases
With the increasing shortage of global energy and resources, the recovery and utilization of refinery dry gases have become important topics of concern.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Air Liquide strengthens partnership with TotalEnergies through renewable H2 project in France 11/25
- Hexagon collaborates with Microsoft to enhance industrial operations 11/25
- China issues extra crude oil import quota to teapot refineries 11/25
- McDermott achieves ISO 50001 Certification for energy management at four fabrication yards 11/25
- DNV certifies first CO2 storage site in Middle East for ADNOC CCS project 11/25
