Economics
Petronas to help YHBS, Huchems develop petrochemical complex near Bintulu, Sarawak
Petronas will conduct a pre-feasibility study for a methanol plant in Bintulu, Sarawak and supply natural gas to Huchems’ proposed petrochemical plant in the same location.
Canada's 'chemical valley' city looks to lure green investment
Sarnia, Ontario, home to dozens of Canada's refineries and chemical plants, is lobbying hard to lure a biotech plant to the city as the local petrochemical-powered economy braces for the impact of a provincial carbon-pricing scheme.
Two Florida men convicted and sentenced in biodiesel fraud scheme
Two men have been convicted of participation in a multi-state scheme to defraud biodiesel buyers and US taxpayers by fraudulently selling biodiesel credits and fraudulently claiming tax credits.
Ophir and OneLNG to form joint operating company to develop Fortuna FLNG project
Ophir Holdings & Ventures and OneLNG have signed a binding shareholders' agreement to establish a joint operating company to develop the Fortuna project utilizing Golar's FLNG technology.
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.
US refinery margins rise in all five regions
Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.
Genoil signs $50-B letter of intent to develop integrated oil project in Russia
Genoil Inc. has signed a $50-B letter of intent to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia.
NARL Refining to layoff up to 130 workers at Canadian refinery
NARL Refining notified employees Wednesday of plans to shed up to 130 jobs at its Come By Chance refinery in Newfoundland, Canada.
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.
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- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
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- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
