Asia/Pacific
Naphtha surges as cold Asia weather pulls LPG to heating
SINGAPORE (Reuters) -- Asia's naphtha demand has surged since late 2016 as petrochemical makers are turning to the product after supplies of cheaper alternative LPG were consumed by heating demand amid cold regional weather.
CB&I awarded alkylation, hydrocracking contracts for China refinery
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
China-US trade tensions high on Big Oil's worry list
DAVOS, Switzerland (Reuters) -- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.
China jails former senior oil executive for 15 years for graft
BEIJING (Reuters) -- A Chinese court on Thursday jailed the former vice chairman of oil giant PetroChina for 15 years after finding him guilty of corruption, the latest official to be brought down in a sweeping crackdown on graft.
Lotte Chem looking into acquiring Singapore's Jurong Aromatics
SEOUL (Reuters) -- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth.
Iran, China to sign $3 billion contract to upgrade Iranian refining capacity
BEIRUT (Reuters) -- Iran and China will sign a $3 billion contract next month to upgrade Iran's oil refining capacity, according to Iran's Mehr News agency.
Asian oil refinery margins jump on outages in Mideast, Asia
SINGAPORE (Reuters) -- Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems, leading to a jump in profit margins for facilities still operating.
India's Reliance completing core refining, petrochemicals expansion, expects sharp profits rise
MUMBAI (Reuters) -- Indian oil-to-telecoms conglomerate Reliance Industries Ltd expects a sharp rise in operating profit from the next financial year as it completes an expansion of its core refining and petrochemicals business, a senior executive said on Monday.
China cancels ethanol imports as tax hike threatens trade
BEIJING (Reuters) -- Chinese buyers have cancelled up to seven cargoes of ethanol due to arrive by the end of March, sources said, the first sign that a likely hike in import duties is threatening to stall demand from the world's fastest-growing market.
ADNOC shuts half capacity at Ruwais refinery after fire
SINGAPORE/DUBAI (Reuters) -- Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said on Monday.
- 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
