Asia/Pacific
Continental receives in-principal approval of first refinery
SAMARINDA, KALIMANTAN TIMUR, Indonesia — Continental Energy Corporation announced that its Indonesian subsidiary PT Continental Hilir Indonesia (CHI) has received the in-principal approval of the Governor of the Indonesian province of East Kalimantan for the construction and operation of a crude oil refinery to be built at KIPI Maloy located in the Kutai Timur Regency of East Kalimantan.
Taiwan's Formosa Petrochemical offers 2018 jet fuel, diesel term
SINGAPORE (Reuters) — Taiwan’s Formosa Petrochemical Corp has offered a total of 3.3 MMbbl of jet fuel and diesel for 2018 term contracts, tender documents showed on Monday.
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.
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- Indonesia president inaugurates Balikpapan refinery upgrade worth $7.4 B 1/12
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- Brazil's diesel imports hit record in 2025 amid local production decline 1/12
- Vitol to load first diluent cargo under Venezuela supply deal last weekend 1/12
- Maersk explores more ethanol use for green fuel to cut reliance on China 1/12
