Asia/Pacific
China teapots to extend oil buying spree into 2017
BEIJING (Reuters) -- China's small, independent refiners are set to raise their crude oil imports again in 2017 on expectations that Beijing will keep their intake quotas steady, market participants said, a move that should help eat up some of the global supply glut.
Japan refiners Idemitsu, Showa Shell working on merger, despite setbacks
TOKYO (Reuters) -- Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu said they have not decided on a capital and business tie-up as reported by some media organizations, and that they are still working towards an eventual merger.
KBR awarded license contract for largest ROSE unit design
HOUSTON – KBR, Inc. announced it has been awarded a license and basic engineering design (LBED) contract by Hyundai Oilbank (HDO) for an 80,000 bpd ROSE unit in Daesan, South Korea. The unit will be built using KBR's proprietary ROSE technology, which provides solvent deasphalting (SDA), and will be the largest SDA unit in the industry.
Indonesia: Cut gas prices for petrochemical, fertilizer industries in 2017
JAKARTA (Reuters) -- Indonesia on Tuesday told energy companies to cut natural gas prices for fertilizer, steel and petrochemical industries starting Jan. 1, 2017, in a renewed effort to bring down domestic gas prices.
Industry Perspectives: New downstream project announcements drop 35% in 2016
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, nearly 470 new projects have been announced in the downstream hydrocarbon processing industry over the past two years. New project announcements have fallen from 285 in 2015 to 185 in 2016. This trend analysis represents a year-over-year decrease of approximately 35%.
Editorial Comment: Hydrocarbon Processing forecasts $321 B in total HPI spending in 2017
What is the state of the global hydrocarbon processing industry (HPI)? Which regions and sectors are seeing growth, and which are stagnant, or possibly shrinking? These were some of the questions that <i>Hydrocarbon Processing</i> editors tackled at the 43rd Annual <i>Hydrocarbon Processing</i> Forecast Breakfast.
Global Project Data
<i>Hydrocarbon Processing’s</i> Construction Boxscore Database is tracking more than 700 active refining projects around the world. The majority of these projects are located in the Asia-Pacific and Middle East regions.
Industry Metrics
Stronger demand and falling inventories allowed US gasoil cracking spreads to recover, while gasoline was supported by outages.
Japan's Idemitsu to delay Showa Shell stake purchase from Shell
Japanese oil refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission is still under way.
Shell opens advanced bitumen solutions center in China
Shell Bitumen officially opened its new Shell Bitumen China Solutions Centre, located within the Hongyi Technology Industrial Area, Songjiang District in Shanghai. It replaces Shell Bitumen’s solutions center in Beijing, China.
- 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
