Asia/Pacific
IEA nations to tap oil reserves as supply disruptions continue in Libya
International Energy Agency (IEA) executive director Nobuo Tanaka announced Thursday that the 28 IEA member countries have agreed to release 60 million bbl of oil in the coming month in response to the ongoing disruption of oil supplies from Libya.
Celanese doubles capacity of vinyl acetate ethylene unit in China
Celanese has successfully doubled capacity of its vinyl acetate and ethylene (VAE) unit at its integrated chemical complex in Nanjing, China.
Shell agrees to alliance, well manufacturing JV with China National Petroleum Co.
Shell and China National Petroleum Co. (CNPC) on Monday signed a global alliance agreement to emphasize a shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China, the companies said.
KBR, Shell to align on hydroprocessing technology
KBR and Shell have formed a new alliance in which KBR will market, sell and provide technology and design packages with Shell for hydroprocessing solutions worldwide.
Hempel eyes expansion, opens India coatings plant
Industrial and marine paint supplier Hempel is expanding its operations in the India with the opening of a new coatings facility in Nashik, Maharashtra.
IEA sees increasing natgas use, warns of high oil prices curbing demand
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the International Energy Agency’s (IEA) medium-term oil and gas market outlook.
ConocoPhillips to explore offshore Bangladesh
ConocoPhillips said it signed a production sharing contract (PSC) with the government of Bangladesh and Petrobangla covering two blocks in the deepwater area of the Bay of Bengal, representing ConocoPhillips’ first investment in the People’s Republic of Bangladesh.
Linde to build top air separation unit in Indonesia
The technology group The Linde Group said it closed a long-term deal to supply Indonesian steel corporation PT. Krakatau POSCO (PTKP) with industrial gases. Linde will invest around €88mn in constructing the country’s largest air separation unit (ASU) at Cilegon, around 100 kilometres west of Jakarta, it said.
JGC expanding electrolysis plant from Indonesia JV
JGC Plant Solutions and JGC Indonesia, both wholly-owned subsidiaries of JGC Group, have been awarded a lump-sum turnkey contract for expansion of the electrolysis facilities at a joint venture plant owned by P.T. Asahimas Chemical.
Celanese boosts planned ethanol capacity in China, accelerates production timetable
Celanese will accelerate its original schedule and begin industrial ethanol production in China earlier and with more capacity than previously announced, the US-based specialty chemicals firm said on Tuesday.
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- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
