Asia/Pacific
South Korea considering buying more U.S. oil and gas
South Korea is interested in importing more U.S. oil and gas to diversify energy sources and ensure stable supplies given tensions in the Middle East.
Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China
CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, has taken a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, south China.
Plug Power seals huge deal with Allied Green Ammonia for 3-GW electrolyzer system
Plug Power Inc., a global leader in comprehensive hydrogen (H2) solutions for the green H2 economy, has signed a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green H2-to-ammonia (NH3) plant, now under development in Australia.
Russian oil products trapped at sea by U.S. sanctions
Nearly 500,000 tonnes (t) of Russian oil products are trapped on tankers hit by U.S. sanctions.
PTTGC starts first sustainable jet fuel production in Thailand
Thailand's PTT Global Chemical (PTTGC) has started producing sustainable aviation fuel (SAF) in the country for the first time and plans 6 MM liters (l) (37,738 bbl) in annual output for the first phase.
KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit
Part of a new biorefinery within Petronas' Malaysian Pengerang Integrated Complex, the 38,000-m3/hr production unit will supply hydrogen to produce sustainable aviation fuel and hydrogenated vegetable oil.
Chinese, Indian refiners seek new supplies as US sanctions tighten grip on Russian oil
Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
Sinopec Shanghai Petrochemical to invest $2.9 B to upgrade Chinese operations
To maintain its capacity in crude oil processing and make other operational upgrades, the company will shut down existing 18 sets of oil refining devices and install new ones. The new installations will have a capacity to refine 1.2 MMtpy of ethylene.
Turkey and Brazil top buyers of Russian diesel
Turkey and Brazil remained the main importers of Russian seaborne diesel and gasoil last year amid the European Union's ban on imports of Russian refined products.
India halts trade with U.S.-sanctioned Russian companies and tankers
Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities, but the country does not expect disruption to Russian crude supplies during a two-month wind-down period.
- Verso Energy awards FEED contract to Rely for the DEZiR eSAF project 11/17
- Iran confirms seizure of tanker with petrochemical cargo headed for Singapore 11/17
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
