Asia/Pacific
Noble Group to sell oil liquids unit to Vitol, flags $1.2 B loss
SINGAPORE (Reuters) — Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 MM as part of a debt-cutting strategy, and warned of a big loss for its third quarter.
US sets antidumping duties on Argentine, Indonesian biodiesel
WASHINGTON (Reuters) — The US Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States.
Tide of diesel from the East imperils Europe's rally
LONDON (Reuters) — A recent rally in European diesel prices could be jeopardized by rising inventories in November as a raft of tankers sets sail from the East, reversing two months of stock declines following Hurricane Harvey.
SECCO selects Honeywell plant technologies for operator training
CHENGDU, China — Honeywell Process Solutions (HPS) announced that Shanghai SECCO Petrochemical Company Limited (SECCO) will upgrade its operator training simulator (OTS) system to the Honeywell Connected Plant UniSim Competency Suite.
China refineries run at record Sept pace
BEIJING (Reuters) — China's oil refineries increased their run rates by 12.7% to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance.
Fluor selected for petchem project expansion in the Philippines
IRVING, Texas — Fluor Corporation announced that it was awarded an engineering, procurement and construction management (EPCM) contract for the utilities, offsites and infrastructure scope of work for JG Summit’s petrochemical complex expansion in Batangas City, Philippines. Fluor booked the undisclosed contract value in Q3 2017.
MOL signs agreement with thyssenkrup for polyol project
BUDAPEST — Following the announcement made in July about entering into contracts with Evonik and thyssenkrupp to produce propylene oxide, MOL Group has reached the next milestone in its key strategic investment.
S.Korea plan to ease oil-blending rules to take effect from Thurs
SEOUL (Reuters) — South Korea said on Wednesday that its plan to ease blending restrictions at oil storage terminals would come into effect on Thursday, as the government continues its push to boost international oil trading in the country.
Bangladesh set to sign 15-yr gasoil import deal with India
DHAKA (Reuters) — Bangladesh Petroleum Corp (BPC) is set to sign a 15-yr deal with Indian oil refiner Bharat Petroleum Corp Ltd (BPCL) to import gasoil to meet the country's energy demand, two company officials with the direct knowledge of the matter said.
SK Innovation to expand petchem output in China
SEOUL (Reuters) — South Korea’s SK Innovation said on Tuesday it will invest $657 MM to boost production capacity at its petrochemical plants in China, jointly owned by China’s Sinopec Corp.
- 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
