Asia/Pacific
Singapore revokes Transocean Oil's bunker fuel supply license
LONDON (Reuters) — Singapore's Maritime and Port Authority (MPA) said on Monday it had revoked Transocean Oil's bunker fuel supply license in the Port of Singapore, effective immediately.
Oil near 2-yr high as tightening market attracts buyers
AMSTERDAM (Reuters) — Oil prices rose on Friday, nearing their highest levels in more than 2 yr, with buyers attracted by expectations of an extension to a global pact to cut output that has reduced oversupply.
Repsol profit leaps on refining and crude price gains
MADRID (Reuters) — Spanish oil major Repsol posted close to a 90% jump in third-quarter adjusted net profit after higher oil prices boosted its production division while its refining arm remained highly profitable.
Indonesia 2017 biodiesel use to reach 2.53 MMkl
NUSA DUA, Indonesia (Reuters) — Indonesia's unblended biodiesel consumption is expected to come in at 2.53 MM kiloliters (kl) this year, said Dono Boestami, the chief executive of the Indonesia Estate Crop Fund, a government agency that overseas consumption of the fuel.
Petronas, Aramco to finalize RAPID deal after resolving 'technical issues'
KUALA LUMPUR (Reuters) — Malaysian state energy company Petronas and Aramco are facing "technical issues" in finalizing the Saudi oil major's $7 B investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.
Thai refiner IRPC's quarterly profit more than doubles on rising oil prices
BANGKOK (Reuters) — Thai oil refiner IRPC Pcl's net profit more than doubled in the third quarter as the subsidiary of energy giant PTT Group benefited from rising oil prices and higher margins on its chemical products.
Metso receives major oil and gas valve orders from Chinese petchem customers
Metso has received four major valve orders for the oil and gas industry from Chinese petrochemical customers.
BPCL ramps up run rate at Kochi refinery after expansion
SINGAPORE (Reuters) — India's Bharat Petroleum Corp Ltd (BPCL) has ramped up the operating rate of its Kochi oil refinery after completing an expansion at the plant in southern India, two sources with direct knowledge of the matter said on Thursday.
Business Trends: Preparing for a sea change in global refining
The global oil refining industry has been buffeted by many events in recent years.
Global: Russia’s plan to dominate fuel supply to Asia
Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
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- Siam Cement to invest an additional $500 MM in Long Son chemical complex 11/19
- LanzaJet produces first jet fuel from ethanol at a commercial scale 11/19
- Ducor Petrochemicals, Blue Circle Olefins partner to create a fully circular supply chain for polypropylene 11/18
- World's first: Air Liquide’s innovative technology converts ammonia into hydrogen at industrial scale 11/18
