Asia/Pacific
Rosneft, Trafigura, UCP to buy stake in Essar Oil
Russian oil major Rosneft , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion.
India's Bharat Petroleum to spend $6.8 B on refinery expansion by 2022
India's Bharat Petroleum Corp. plans to spend $6.75 B through 2022 to raise refining capacity by 62% to meet rising fuel demand in the world's fastest growing major economy.
Mangalore refinery receives first crude parcel from Iran for strategic reserve
Mangalore Refinery and Petrochemicals Ltd. received the first parcel of crude oil for delivery into the Mangalore cavern of Indian Strategic Petroleum Reserves Ltd.
Bechtel completes Curtis Island LNG program
Bechtel has completed construction of the Curtis Island LNG program that has concluded with Australia Pacific LNG starting sustained production from Train 2 of its facility
First fully commercial CCSU plant launches capturing CO2 at $30/ton
Carbon Clean Solutions Ltd. has launched a new project that will see more than 60 MMt of CO2 captured from the 10 megawatt coal-fired power station based near Chennai, India.
New China refinery faces delay as Myanmar seeks extra oil tax
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation.
Australia Pacific LNG second train starts production
Australia Pacific LNG has produced the equivalent of a cargo of LNG from the second train at its LNG Facility on Curtis Island near Gladstone, Queensland.
No casualties reported after China refinery blast
An explosion occurred at around 1:50 p.m. Sunday at the Jinlingshihua Nanjing Refinery, a subsidiary of Sinopec Group.
BP to set up fuel stations in India, challenge state refiners
Global oil major BP plans to open up to 3,500 fuel stations in India, becoming the second overseas firm drawn to rising demand for gasoil and gasoline in the world's fastest growing major economy.
Sri Lanka to build 100 Mbpd refinery with India
Sri Lanka’s Ceylon Petroleum Corp. will build a second refinery with a capacity of at least 100 Mbpd in a tie-up with Indian Oil Corp.
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- 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
