Asia/Pacific
Red Sea ships attacks push 47% more crude oil, fuels, refined products around Africa
Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West are up 47% since attacks began on vessels using the shorter Red Sea route.
Clariant Catalysts and Lummus Technology win contract for new CATOFIN® plant in China
Clariant, a sustainability-focused specialty chemical company, has been awarded a contract to supply CATOFIN catalysts for Qingyang Tongxin Petroleum Technology’s first-ever paraffin dehydrogenation plant.
Avient announces Asia manufacturing and availability of Cesa non-PFAS process aid
Avient Corporation, a premier provider of specialized and sustainable materials solutions and services, is expanding the recent launch of its Cesa™ Non-PFAS Process Aid to Asia.
New Zealand to introduce bill to reverse oil and gas exploration ban
New Zealand's government will introduce legislation to remove a controversial ban on offshore petroleum exploration to attract investment to the country's oil and gas sector.
Malaysia begins diesel subsidy reforms, prices to rise by about 50% on Monday
Diesel fuel prices in much of Malaysia are set to rise by roughly 50% on Monday as the government begins shifting away from costly blanket subsidies to a targeted approach that mainly helps the needy.
India's May fuel use inches up on month on strong industrial activity
India's fuel consumption edged higher in May from the previous month, as strong industrial activity and general elections boosted fuel demand in Asia's third-largest economy.
China's May crude oil imports fall 8.7% on weak refining margins
China's crude oil imports fell 8.7% in May from a year earlier as refiners scaled back purchases amid heavy plant overhauls, subdued profit margins and weak demand for refined oil products.
DNV and Petronas CCS ventures collaborate to enable CCS value chains across SE Asia
DNV and PETRONAS’ wholly-owned subsidiary, PETRONAS CCS Ventures Sdn Bhd (PETRONAS CCS Ventures), have recently signed a Master Price Agreement for the certification of carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia.
QatarEnergy enters into a 10-yr naphtha supply agreement with Japan's Idemitsu Kosan
QatarEnergy has entered into a long-term agreement to supply Idemitsu Kosan Co. Ltd with a total of up to 6 MMt of naphtha to be delivered to Japan over 10 yr starting in July 2024.
Singapore's middle distillates stocks edge up as net exports dip
Singapore's middle distillates stockpiles edged up 0.4% this week, tracking lower net exports of diesel/gasoil and jet fuel/kerosene and continuing imports from key regions such as China, India and Saudi Arabia.
- KBR to provide technology for mega-scale ammonia plant in Angola 11/25
- Indian refiners' October crude processing up over 3% y/y 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
