Asia/Pacific
Shell-CNOOC JV to assume ownership of new petrochemical complex
Shell Nanhai B.V. and China National Offshore Oil Corporation’s 50:50 JV has officially assumed ownership of CNOOC’s ongoing project to build an ethylene cracker and several derivatives units, after receiving all the necessary government approvals.
DuPont MECS DynaWave scrubbers to be used in Petronas’ RAPID refinery
DuPont MECS DynaWave technology has been selected for the installation of three custom-engineered scrubbing systems for sulfur dioxide removal at Petronas’ RAPID Project refinery in Pengerang, Southern Johor, Malaysia.
Use a mixed-solvent process to boost lube base oil yields and profitability
Through research and development (R&D), the commercial application of a mixed-solvent (MS) approach using a mixture of different co-solvents resulted in higher lube raffinate yields without affecting the lube oil quality.
Industry Metrics
US margins fell due to the slowing of domestic gasoline demand, as the driving season ended amid high inventories.
Chevron Wheatstone LNG cost blowout to $34 B hits Woodside
Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.
China refineries gobble up Angolan oil in rush to year end
China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production.
S.Korea's SK Innovation sees firm refining margins on tighter market
SK Innovation Co., which owns South Korea's largest refiner, expects refining margins to remain firm in 4Q due to low oil product inventories and seasonal demand.
China’s Jilin Connell to use Honeywell UOP’s technology to make plastic from coal
China’s Jilin Connell Chemical Industry Co. has selected Honeywell UOP’s Advanced methanol-to-olefins process to tap domestic coal resources to produce ethylene and propylene.
Rule changes help India's oil market act its size
Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer.
India's $20-B refinery expansion to cut fuel oil output
India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries.
- South Korea approves nearly $1.4-B petrochemical restructuring deal as supply glut weighs 2/25
- Romanian largest refinery to shut down in March for scheduled turnaround 2/25
- Malaysia's Prefchem cuts refinery output after shutting gasoline unit 2/25
- U.S. Chemical Safety Board faults Pemex in 2024 Deer Park refinery's fatal accident 2/25
- Global diesel flows further reshuffle on EU sanctions, discounted Russian exports 2/25
- RFOcean secures first long-term e-methanol supply from ETFuels, driven by FuelEU 2/25
