Asia/Pacific
Larsen & Toubro wins order for hydrocarbon onshore business
The project, to be delivered entirely on a lump sum turnkey basis, comprises engineering, procurement, construction and commissioning (EPCC) of a liquefied natural gas (LNG)/ethane double-wall storage tank with a capacity of 170,000 m3 and a propane double-wall storage tank with a capacity of 140,000 m3 at the Dahej Petrochemical Complex in Gujarat.
India's Nayara Energy buys only Russian oil in Dec for 5th straight month
Nayara, part-owned by Russian oil major Rosneft, operates a 400,000-bpd refinery at Vadinar in the state of Gujarat.
Opinion: Win or lose, Trump’s fossil fuel gamble crowns China the clean-energy king
Beijing’s latest five‑year plan underscores its drive for self‑reliance in energy, critical minerals, and advanced technologies such as semiconductors and artificial intelligence.
Update: Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
Indonesia had planned to launch the B50 grade - a blend of 50% palm oil-based biodiesel and 50% conventional diesel - in the second half of this year.
Venezuelan oil exports to China set to drop as U.S. blockade limits cargoes
The number of oil tankers departing Venezuela for China has fallen sharply after U.S. President Donald Trump imposed a blockade in December on sanctioned ships transporting Venezuelan oil, part of its pressure campaign on Venezuelan President Nicolas Maduro that culminated in a U.S. military incursion that captured him.
Aether Fuels secures $15 MM to decarbonize aviation’s global impact
This brings the company to a figure exceeding $60 MM in funding raised since 2022.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
