Asia/Pacific
TotalEnergies Marine Fuels supplies its first B100 biofuel bunker in Singapore
TotalEnergies Marine Fuels supplied its first B100 biofuel bunker in Singapore, marking a significant expansion in its low-carbon fuels offer as it supports the decarbonization of global shipping.
India's Reliance in crude-for-naphtha swap deal with Venezuela
India's Reliance Industries plans to use naphtha supplies as partial payment for crude purchases from Venezuela after the refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer, three sources aware of the contract terms said.
Singapore's middle distillates stocks rise to 3-yr high
Singapore's middle distillates stocks climbed for a second week to hit a 3-yr high of nearly 12 MMbbls, as a drop in diesel/gasoil net exports countered gains in jet fuel/kerosene net exports.
Indonesia begins testing to prepare B50 palm oil biodiesel mandate
Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, raising industry concerns over supplies for exports.
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 MM, as part of a turnaround plan for the loss-making venture. Under the deal, Aramco and Sumitomo Chemical will each provide $702 MM in funding to Petro Rabigh and waive loans worth a total $1.5 B.
Clariant’s EnviCat Green series catalyst chosen for major green ammonia project in China
The catalyst will be used to remove trace oxygen from green hydrogen produced at the facility, before conversion into green ammonia.
Mitsubishi Heavy Industries, Taiwan Fertilizer sign MoU to study a fuel ammonia value chain in Taiwan
Mitsubishi Heavy Industries, Ltd. has entered into a Memorandum of Understanding with Taiwan Fertilizer Co., Ltd. to conduct a joint pre-feasibility study that will explore the establishment of an ammonia value chain in Taiwan, in support of Taiwan's "2050 Net-Zero Emissions" goal.
U.S. imports of renewable diesel increased in the early months of 2024
In the first five months of 2024, U.S. imports of renewable diesel averaged 30,000 bpd, approaching the monthly record set in May 2023.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Saudi's small crude price hike for Asia shows bigger concerns
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
- Baker Hughes, Giammarco Technologies to advance and commercialize hot potassium carbonate for post-combustion carbon capture 1/30
