Asia/Pacific
Analysis: Shell's Singapore refinery sale and its market significance
Oil giant Shell has agreed to sell its Bukom refinery in Singapore—one of the world's largest oil refining and trading centers—to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year.
Heavy oil shortages are driving up refiners' cost
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.
Shell in talks to sell Malaysia fuel stations to Saudi Aramco
Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, a deal that could be worth up to $1 B.
India's fuel demand increases more than 6% y-o-y
According to the country's Petroleum Planning and Analysis Cell, India's fuel consumption rose by 6.1% year-on-year in April.
Asian refiners eye output cuts due to diesel surplus
Asian refiners are considering cuts to refined fuel output in the coming months, with some already trimming production in May, after excess diesel supplies squeezed profits.
Ebara Elliott Energy to provide compressor for Thailand’s first SAF project
Ebara Elliott Energy, formerly Elliott Group, has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for the Sustainable Fuel Development Project (SFP) by TTCL Public Co. Ltd.
Singapore Airlines Group orders sustainable aviation fuel from Neste
Neste and the Singapore Airlines Group have signed an agreement for the purchase of 1,000 tons of Neste MY Sustainable Aviation Fuel.
Haldia Petrochemicals awards ethylene plant digitalization contract to Lummus
Lummus Technology has been awarded a contract by Haldia Petrochemicals Ltd. for digitalization services at HPL's ethylene plant in West Bengal, India.
HPLNG delays commissioning of Chhara LNG import terminal in India
HPLNG delays commissioning of Chhara LNG import terminal in India
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- Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC 5/8
- Seasonal U.S. fuel demand hits pandemic lows, weighs on refining margins 5/8
- Analysis: Shell's Singapore refinery sale and its market significance 5/8
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- ADNOC signs third long-term Heads of Agreement for Ruwais LNG project 5/8
