Asia/Pacific

Japan's Kobe Steel, JERA launch new power units

Energy-poor Japan is expanding its in cleaner fuels, such as ammonia and hydrogen, and is developing carbon capture projects, as it moves towards its goal to reach carbon neutrality by 2050, on par with other developed nations.

Japan's IHI to study converting LNG terminals into ammonia-based facilities

Japan's IHI Corp has started studies on possible conversion of LNG receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday.

Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.

Japan's Taiyo Oil to shut 2 CDUs at Shikoku refinery in summer for maintenance

Japanese oil refiner Taiyo Oil Co plans to shut two crude distillation units (CDUs) at its 138,000 bpd Shikoku refinery in western Japan in the summer for scheduled maintenance.

China demand optimism sets oil on track for strong weekly gain

Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States.

Bain Capital buys stake in biofuel firm for $400 MM

Bain Capital Private Equity said this week it has completed a deal to acquire a stake in renewable fuel producer EcoCeres Inc, as the Boston-based investor strives to ramp up its sustainable investment.

Nghi Son refinery to shut for 55 days from August 25 for maintenance

Vietnam's largest refinery, Nghi Son, will be shut down for 55 days starting August 25 for major maintenance.

PetroVietnam 2022 crude oil output flat at 10.84 MMt

PetroVietnam reported crude oil output of 10.84 MMt in 2022, flat from a year earlier and 24% above its official target, Vietnam's Ministry of Industry and Trade said.

Sinopec releases China Energy Outlook 2060, anchoring new path of energy transformation development

This is Sinopec’s first publicly released research findings of their medium and long-term energy outlook, providing a new perspective for the scientific planning of transformation and development of China’s energy and chemical industries.

Vietnam's largest refinery to fix leaking RFCC unit by January 15

Vietnam's largest oil refinery will complete repairs needed to fix a technical problem at its residual fluid catalytic cracking (RFCC) unit by Jan. 15, two refinery sources said on Tuesday.