Asia/Pacific
Executives predict shale boom in Russia and China, but Europe lags behind
Torbjorn Tornqvist, chief executive of trading house Gunvor, said Wednesday it was clear that shale production on a scale similar to that in the US is possible in several of the world's biggest current energy producers and consumers -- but that Europe is unlikely to be transformed by it.
IEA warns of no progress on clean energy goals
The IEA estimates that a cut in the carbon emissions per unit of energy of more than 60% is needed to prevent global average temperatures rising by more than two degrees Celsius in the long term, and maintaining current levels would yield a temperature increase of six degrees Celsius.
Shell to expand Singapore petrochemical complex
Shell said the expansion will increase the plant's production capacity of alcohol ethoxylate. The investment comes at a time when the traditionally strong Asian petrochemical industry is seeing margins squeezed by a resurgence in investment in US petrochemical plants based on cheaper shale.
UOP technology to remove acid gases for Petronas floating LNG in Malaysia
The PFLNG 1 facility, designed to extract natural gas from offshore wells and liquefy and store it for later transport, will use UOP's Amine Guard FS process to remove carbon dioxide and hydrogen sulfide from the liquefied natural gas (LNG) feed streams. The FLNG unit is scheduled to start up by the end of 2015.
Air Products to supply LNG heat exchangers for Petronas expansion project
Air Products' SplitMR liquefaction process and technology was selected and will be supplied to the Petronas LNG Train 9 Project. This project will produce 3.6 million tpy of LNG and is an expansion of the existing Petronas LNG complex in Bintulu, Sarawak, Malaysia. Financial terms were not disclosed.
Australia's Woodside shelves Browse LNG project
Gas from the Browse development, which also counts Shell, BP and Asian companies as shareholders, will no longer be piped to a processing facility at James Price Point on the Western Australia state coast. The development offers a sign that Australia's energy construction boom may be peaking.
BASF taps Toyo as Asia-Pacific engineering partner for petrochemicals work
The three-year agreement covers basic engineering, detailed engineering, procurement, construction management, and other project-related services in the region's petrochemical and chemical sectors.
IEA cuts global oil demand outlook, warns on supply
The downward revision by the Paris-based consumer group reflects similar moves by other industry forecasters as concerns over the global economy continue to weigh on demand expectations. The decline reflects very weak demand from industrialized countries, particularly in Europe.
Linde to build gas purification, air separation units for Reliance at Jamnagar
Under the new deal, Linde's engineering division will supply four large air separation units (ASUs) for the production of gaseous oxygen. In addition, to treat the synthesis gas generated during this gasification process, Linde will deliver two RECTISOL acid gas removal units to Reliance.
Shell taps Jacobs to design Hong Kong project for transformer oil processing
Under terms of the contract, Jacobs is providing detailed design engineering services for modifications to Shell’s existing terminal facility to enable the processing of transformer oil. Shell's 47-acre Tsing Yi installation supplies Hong Kong and Macau with a range of oil, gas and chemical products.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
