Asia/Pacific

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.

Successful propulsion and maneuverability trials by Fortescue’s dual-fueled ammonia-powered vessel

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

Shell records nearly $8-B Q1 profit on the back of refining, chemicals/products and LNG divisions

Shell reported a Q1 profit of $7.7 B, boosted by Red Sea trading disruptions, Russian refining outages and Shell's LNG production increases.