Asia/Pacific
India to cut Iranian oil purchases in row over gas field
NEW DELHI (Reuters) -- Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
IEA says oil prices will not jump sharply, despite OPEC supply cuts
NEW DELHI (Reuters) -- The International Energy Agency does not expect a major increase in global oil prices despite efforts by OPEC and non-OPEC members to reduce output, its executive director Fatih Birol told Reuters.
China steps up Americas oil imports, Unipec backs ‘new frontier’
SINGAPORE (Reuters) -- China's largest crude oil buyer Sinopec aims to ship more cargoes from Brazil, the United States and Canada, to help ensure stable crude supplies as the Middle East boosts refining capacity and Africa suffers disruptions.
Rosneft-led deal to buy India's Essar delayed, seen closing in April
NEW DELHI/MOSCOW (Reuters) -- The purchase of Indian refiner Essar Oil by a consortium led by Russian oil company Rosneft has been delayed, the two sides said on Friday, because some Indian lenders to Essar have yet to sign off on the deal.
Yanchang Petroleum’s large-scale CCUS facility enters construction in China
XI'AN, China – China’s first large-scale carbon capture storage and utilization (CCUS) facility enters construction. The facility's final investment decision represents a series of "firsts" for China and Yanchang Petroleum, one of China's largest oil and gas companies and the facility's owner.
PetroChina latest China oil major to consider Aramco listing
BEIJING (Reuters) -- PetroChina will consider taking part in national oil giant Saudi Aramco's initial public offering based on market conditions, it said on Thursday, the second Chinese oil major to discuss becoming an investor this week.
ADNOC seeks gasoline in second tender after January fire
SINGAPORE (Reuters) -- Abu Dhabi National Oil Co (ADNOC) is seeking a total of 316,000 t of gasoline for shipment in May and June to help make up for a shortfall in its own production following a fire in January at its Ruwais refinery, traders said on Tuesday.
CB&I awarded technology contract for refining, petchem project in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded a substantial contract for the license, engineering design and catalyst supply for five proprietary technologies to be used in an integrated refining and petrochemical project in China.
China, EU reaffirm climate action after Trump backs away
BEIJING/OSLO (Reuters) -- Nations led by China and the European Union rallied around a global plan to slow climate change on Wednesday after US President Donald Trump began undoing Obama-era plans for deep cuts in US greenhouse gas emissions.
BB Energy buys Morgan Stanley's diesel terminal in Australia
LONDON (Reuters) -- BB Energy has bought Morgan Stanley's diesel terminal in Australia as the oil trader expands outside its core European and Middle East markets, the trading company said on Tuesday.
- 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
