Asia/Pacific
Oil hits 3-week high as China eases COVID curbs
Oil hit a three-week high on Tuesday as China's latest easing of COVID-19 restrictions spurred hopes of a demand recovery, although prices pared gains after some U.S. energy facilities shut by winter storms began to restart.
China's December refined oil exports may hit record near 7 MMt
China may close the year with record shipments of key transportation fuels in December as refiners rush to use their export quotas and maximize overseas profits to compensate for tepid domestic fuel demand caused by COVID-related curbs.
A novel deep catalytic cracking technology for residue-to-chemicals processes
Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.
Flexibility in catalyst technology for improved bottoms upgrading
Bottoms product from fluidized catalytic cracking (FCC) is typically one of the least valuable products from a refinery.
Industry Perspectives: Despite reaching $180 B, new project announcements are down year-over-year
Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.
Large explosion in Taiwan's CPC Dalin oil refinery, no injuries
Fire was seen raging above the plant and thick smoke billowed into the sky above for more than an hour.
China's diesel fuel exports more than doubled in September
China's diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins.
2022 HP Awards Finalists
<em>Hydrocarbon Processing</em>, the downstream processing sector’s leading technical publication for 100 yr, has announced the finalists for its sixth annual <em>HP</em> Awards, which celebrate innovative technologies and people that have been instrumental in improving facility operations over the past year.
Technip Energies to perform FEED for gas plant associated with carbon capture in Malaysia
Technip Energies has been selected by PTTEP HK Offshore Ltd. to perform the Front-End Engineering Design (FEED) of the Lang Lebah Onshore Gas Plant 2 (OGP2) project located in Bintulu, Sarawak, in Malaysia.
U.S. imposes new sanctions on Iran oil exports, targets Chinese firms
The United States imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.
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