Asia/Pacific
China approves Kuwaiti oil refinery joint project
Beijing officials have approved a bid by Kuwait Petroleum Corp. (KPC) to build an oil refinery in cooperation with China Petroleum and Chemical (Sinopec).
Shaw issues statement on events in Japan
"On behalf of all Shaw employees around the world, I give our deepest sympathy to the people of Japan. This is an extraordinary tragedy, and we can only imagine how painful and challenging this time is for everyone in the country," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer.
Update on dire refining situation in Japan
The 8.9 magnitude earthquake that struck Japan on March 11th has caused considerable interruption to oil refinery operations in the country. Hydrocarbon Processing’s Boxscore Database has complied data indicating that with a total of 28 oil refineries, Japan is the second largest refining country after China in the Asia-Pacific region.
Berkshire Hathaway to acquire Lubrizol
Berkshire Hathaway Inc. and The Lubrizol Corp. announced on March 14 a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Japan's refining industry partially closed
Chaos continues as bleak news from Japan streams in from devastated areas
Refinery margins may increase on heels of disaster
Profits from gasoil production in Asia may surged to the highest in 2 ½ years, and fuel oil’s loss narrowed the most in a month after Japan’s biggest earthquake knocked out power plants and refineries, according to Bloomberg online article
Scott Health & Safety is now Scott Safety
Scott Health & Safety, a global leader in innovative personal protective equipment and safety devices, today unveiled its new global brand identity and will immediately begin operating under the name Scott Safety.
Foster Wheeler aiding with design of waste plastics to liquid fuels plant in Ireland
Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded a contract by Cynar Plc to provide basic process engineering design services for a 6,000 tpy plant to convert non-recyclable waste plastics into liquid fuels, primarily diesel.
Monster quake wreaks havoc on Japan’s refining industry
An 8.9-magintude earthquake caused catastrophic damage to Japan’s northern Pacific coast on March 10.
Eni unveils strategic plan
Eni today presented the company's 2011-2014 strategic plan to the financial community in London. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M.
- Yara to rethink U.S. ammonia project if EU suspends carbon levy 1/16
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
