Asia/Pacific
LNG slump, cost cutting spur rare output curb at Australian plant
Spending cuts and weak global liquefied natural gas prices have forced the operator of the Gladstone LNG project in Australia to consider running the plant at less than full tilt.
Malaysia's Petronas Chemicals says 2 killed from ammonia leak at plant
Malaysia's Petronas Chemicals Group said Tuesday that an ammonia leak at one of its plants in the eastern state of Sabah killed two employees and injured three.
PDVSA sees future in consolidation with China
People’s Minister of Petroleum and President of Petroleos de Venezuela SA, Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee growth.
Australia's gas paradox: supply crunch looms despite rich reserves
Australia is on track to become the world's biggest LNG exporter by 2019, yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
Japan's Idemitsu defends Showa Shell merger opposed by founding family
Idemitsu Kosan defended its planned merger with smaller rival oil refiner Showa Shell Sekiyu KK, in the face of opposition from the founding Idemitsu family.
KOGAS may build LNG import terminal for Mexico's Yucatan
Korea Gas Corp. signed a memorandum of understanding with the Mexican state government of Yucatan to build an LNG import terminal and gas pipelines.
Asahi Kasei Mitsubishi Chemical Ethylene Corp. naphtha cracker restarted
Asahi Kasei Mitsubishi Chemical Ethylene Corp.’s naphtha cracker in Mizushima has been restarted after production was suspended in July due to a malfunction in its refrigeration system.
Idemitsu resumes operation of Hokkaido vacuum distillation unit after fire
Japanese oil refiner Idemitsu Kosan Co. resumed operations Sunday at the vacuum distillation unit of its Hokkaido refinery after the unit caught fire earlier last week.
Hyundai Oilbank buys first Iranian condensate for new splitter
Hyundai Oilbank Co., South Korea's smallest refiner by capacity, has bought its first Iranian condensate cargoes to prepare for trial runs at a new refining unit in its joint venture with Lotte Chemical.
Numaligarh refinery plans $3 B expansion to treble capacity
Numaligarh Refinery Ltd. plans a $3 B expansion of its 60 Mbpd refinery in Assam.
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