Asia/Pacific
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 330 active gas processing/LNG projects around the world.
Business Trends: The future of LNG—Part 1
Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development.
Industry Perspectives: New gas processing/LNG project announcements increase for the first time in three years
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 800 new projects have been announced since 2015. Over the past few years, new project announcements have decreased each year. However, the rate of decline has slowed over the past year.
2018 Industry Leaders’ Viewpoints
To kick off the new year, industry leaders and esteemed colleagues shared their viewpoints on 2018 and beyond with Hydrocarbon Processing. These viewpoints offer insight into growing regions of activity, technological advances, and how the downstream industry can innovate in 2018 and into the future.
US crude ends year above $60 on strong global oil demand
CALGARY, Alberta (Reuters) — US oil prices closed above $60/bbl on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12% gain spurred by strong demand and declining global inventories.
Glencore sells parts of oil storage to China's HNA, awaits US clearance
HONG KONG (Reuters) — Swiss-based trading and mining giant Glencore Plc has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China’s HNA Group, although transfer of some assets is pending US clearance.
After Trump criticism, China denies selling oil illicitly to N.Korea
BEIJING/WASHINGTON (Reuters) — China on Friday denied reports it has been illicitly selling oil products to North Korea after US President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation.
Oil prices stay near high on strong US refinery runs, China data
NEW YORK (Reuters) — Oil prices edged up on Thursday, remaining near 2-1/2-year highs after data showed strong demand for crude imports in China and on increased US refining activity that drew more crude from inventories.
China raises 1st batch of 2018 oil product export quotas by 30%
SINGAPORE (Reuters) — China raised refined products export quotas to its four state oil majors by 30 percent in the first batch of allowances for 2018, a document reviewed by Reuters showed on Thursday.
Asia's monthly Iran oil imports skid to lowest in Nov since Apr 2016
TOKYO (Reuters) — Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
