Asia/Pacific
Saudi Aramco could reduce stake in $5.5 B Indonesia refinery project
Aramco has asked to cut its share of the project to upgrade a refinery in Cilacap in the province of Central Java to 30% from 45%
China refiners, petrochemical companies to benchmark CO2
China's oil refining, petrochemical and chemical companies will propose a plan to benchmark their CO2 emissions as the first step toward setting up an emissions market for the sector.
CIMIC Group issues update on Gorgon LNG lawsuit
Australia’s CIMIC Group Ltd. released a statement yesterday about a Notice of Dispute the company issued in February relating to the Gorgon LNG Jetty and Marine Structures Project.
China targets teapot oil refineries in tax crackdown
China's crackdown on alleged tax evasion in the oil industry will target independent refineries and follows complaints by state energy giants.
Column: China's fuel exports less worrisome than crude costs for refiners
China's booming fuel exports have contributed to a structural lowering of margins for the region's refiners, but fluctuations are still mostly linked to crude prices.
General Atomics’ electrostatic separators selected for S-Oil’s Onsan refinery
General Atomics Electromagnetic Systems received an order for a 16-module electrostatic separator system for installation at the new residue upgrading complex project at S-Oil Corporation’s Onsan refinery in the Republic of Korea.
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.
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