Asia/Pacific
Maire Tecnimont awarded EPC contract for HDPE unit at Pengerang Integrated Complex
Maire Tecnimont and China’s HuanQiu Contracting & Engineering Corp. have been awarded an EPC contract for a new HDPE unit at Petronas’ Pengerang Integrated Complex.
Gazprom says Japanese lender JBIC may help finance Sakhalin-2 LNG expansion
Gazprom has discussed possible financing with the Japan Bank for International Cooperation for the expansion of the Sakhalin-2 LNG plant.
OPEC output curbs could be undone by China slowing crude storage
The sharp drop in China's crude oil imports in October can be ascribed to a combination of factors, but one of them should be a red flag to OPEC, threatening the success of any deal to curb production.
Sinopec in $4-B petrochemical JV with Taiwan firm
A subsidiary of top Asian refiner Sinopec Corp. has officially launched a 50-50 JV with a Taiwanese company to build a petrochemical complex in southeast coastal Fujian province.
Honeywell’s Connected Performance Services to help PetroVietnam improve refinery efficiency
A subsidiary of PetroVietnam will use Honeywell’s new IIoT-based Connected Performance Services offering to improve the performance of its manufacturing operations in Quang Ngai City, Vietnam.
Canadian Court of Appeal halts ExxonMobil acquisition of InterOil
In its decision, the Court of Appeal for Yukon overturned a ruling by the Yukon Supreme Court last month that had approved the proposed plan of arrangement by ExxonMobil Corp. to acquire all of the shares of InterOil.
China company signs MOU with BP to supply crude to Isla refinery
Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.
Thailand's Bangchak reviewing refinery upgrade plan
Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.
S.Korea's LG Chem to double ABS output at Chinese petrochemical plant by 2018
LG Chem Ltd. will invest $100 MM to double output of lucrative acrylonitrile, butadiene and styrene (ABS) plastics at its joint venture plant in China by 2018.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Southern Energy Renewables and Axens Sign MoU to advance SAF projects in Louisiana and beyond 4/8
- One of the largest heat pumps in the world has reached BASF's Ludwigshafen site 4/8
- LANXESS introduces surcharge for Lewatit ion exchange resins 4/8
- HyOrc secures industrial site and accelerated permitting path for Portugal green methanol project 4/8
