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Asia/Pacific

KBR green ammonia technology selected by Lotte Chemical Corporation for H2biscus Project in Malaysia

KBR announced that its K-GreeN technology has been selected by a consortium consisting of Lotte Chemical, Korea National Oil Corp and Samsung Engineering for Lotte Chemical's H2biscus green ammonia project development in Sarawak, Malaysia.

India's ONGC sees oil production rise 11% after east coast block starts output

India's Oil and Natural Gas Corp said it expected total oil output to climb 11% after its project off the country's east coast started producing oil.

India's fuel demand hits seven-month high in December

India's fuel consumption rose to a seven-month high in December to about 20.054 MMt, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.

Japan's Toa Oil shuts 70,000 bpd Keihin CDU due to glitch

Japanese refiner Toa Oil, a unit of Idemitsu Kosan, has shut a 70,000 bpd sole CDU at the Keihin refinery, near Tokyo, due to a system glitch.

India to sign 5-year energy MoU with Guyana

India approved signing a 5-year MoU with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.

Iran's oil trade with China stalls as Tehran demands higher prices

China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the world's biggest crude importer.

Singapore fuel oil inventories hit about five-month highs

Onshore inventories of residual fuel rose to nearly five-month highs at key trade hub Singapore this week.

China's Rongsheng, Saudi Aramco in talks to buy stake in each other's units

Chinese privately-controlled refiner Rongsheng Petrochemical and Saudi Aramco are in talks for the Chinese company to buy a 50% stake in the Saudi company's refining unit SASREF.

China crude flows to storage poised to pick up after half-year lull

China's flow of crude oil into inventories faded over the second half of last year as the world's top importer reduced purchases in response to higher prices.

India turns to Saudi as purchases of Russian oil fall in December

India increased imports of Saudi oil in December as payment problems drove its Russian oil buys to an 11-month low, with at least five cargoes of the sweet Sokol variant heading to other locations, data from vessel tracking agencies showed.