Asia/Pacific
Shift to gas: A contribution on the path to sustainability
The COP21 event left the world with new mandates to develop and implement low-emissions energy sources to power the global economy. To limit global warming, the world must increase the use of resources like natural gas, which offers a quick, relatively clean and inexpensive interim step in the global transition from high-emissions resources to renewable energy sources.
France's Technip, Venezuelan firms tapped to refurbish Aruba refinery
ORANJESTAD/HOUSTON (Reuters) -- A consortium formed by France's Technip and Venezuela's Tecnoconsult and Y&V Group was picked to refurbish Aruba's 225,000-barrel-per day refinery, the Caribbean island's government said on Thursday.
China slashes first round of oil products export quotas
BEIJING (Reuters) -- China has cut oil product export quotas to the nation's four oil majors by 40% in the first round of licenses for 2017, according to two sources who have seen the documents, even as traders expect allowances for overseas sales to meet or exceed this year's record levels.
China's diesel demand likely to rise ahead of Lunar New Year
SINGAPORE (Reuters) -- China's diesel demand is likely to pick up pace ahead of the Lunar New Year as traders stock up barrels ahead of the festivities and as construction activity picks up in some areas, four trade sources said on Thursday.
Oil gains post-Christmas ahead of OPEC, non-OPEC cuts
TOKYO (Reuters) -- US oil prices extended gains on Tuesday in post-Christmas trading, as OPEC and non-OPEC members are set to start curbing output in less than a week to support oil prices.
Cold weather, supply outages fuel LNG winning streak
MILAN (Reuters) -- Asian spot liquefied natural gas (LNG) prices remained firm into the final leg of 2016 as cold temperatures in South Korea, China and Turkey fueled demand while global supply faltered.
China's Sinopec starts construction of Zhanjiang refinery
BEIJING (Reuters) -- China's Sinopec Group has begun construction of a long-planned refinery and petrochemical complex in the southern city of Zhanjiang, the company said on its website on Wednesday.
Shell completes the sale of Shell Refining Company in Malaysia
Shell has completed the sale of its 51% shareholding in the Shell Refining Company Berhad in Malaysia, which includes the 125,000-bpd refinery in Port Dickson, to Malaysia Hengyuan International Limited for $66.3 million.
Hengli Petrochemical selects Dupont technologies for alkylation complex
DuPont Clean Technologies announced that Hengli Petrochemical Company, based in Dalian, China, has awarded DuPont a contract to supply the alkylation and spent acid regeneration technologies for the nrew, grassroots refinery in the Changxing Island Harbor Industrial Zone.
Asia set for biggest refining capacity jump in three years
SINGAPORE (Reuters) -- Asia will post its biggest net refining capacity addition in three years in 2017, further boosting demand for crude in the world's biggest and fastest growing oil consuming region.
- thyssenkrupp Uhde completes pre-FEED for HAMR Energy’s renewable fuels project in Australia 8/21
- Europe distillates-diesel profit margins firm 8/21
- U.S.: Indiana's bp refinery restarts after severe flooding 8/21
- Berlin weighs trusteeship extension for Rosneft's German assets 8/21
- Trump administration to rule on biofuel exemption requests, delay reallocation decision 8/21
- TotalEnergies' Donges refinery fire extinguished 8/21
