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Asia/Pacific

Chevron Wheatstone LNG cost blowout to $34 B hits Woodside

Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.

China refineries gobble up Angolan oil in rush to year end

China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production.

S.Korea's SK Innovation sees firm refining margins on tighter market

SK Innovation Co., which owns South Korea's largest refiner, expects refining margins to remain firm in 4Q due to low oil product inventories and seasonal demand.

China’s Jilin Connell to use Honeywell UOP’s technology to make plastic from coal

China’s Jilin Connell Chemical Industry Co. has selected Honeywell UOP’s Advanced methanol-to-olefins process to tap domestic coal resources to produce ethylene and propylene.

Rule changes help India's oil market act its size

Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer.

India's $20-B refinery expansion to cut fuel oil output

India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries.

Saudis, Mideast producers vie for China's teapot crude imports

Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.

Chinese refiner to use Honeywell UOP technology to meet growing fuel demand

China’s Dongying Qirun Chemical Co. will license Honeywell UOP’s Unicracking technology for the production of diesel and naphtha at its refinery in China’s Shandong Province to meet growing domestic demand for transportation fuels.

Arkema increases its Kynar fluoropolymer capacities in China

Arkema has increased its Kynar PVDF production capacity by 25% at its Changshu platform near Shanghai.

Air Products invests in Korea to support growing market demand

Air Products will build a new large air separation unit (LASU) in Ulsan, South Korea.