Asia/Pacific

HD Hyundai Heavy Industries builds world's first ammonia-powered vessel

A net-zero roadmap released by the International Energy Agency (IEA) projects that ammonia will account for 8% of marine fuel demand in 2030, rising to 46% by 2050, indicating that demand for ammonia-powered vessels is expected to grow significantly.

India permits Iranian oil tankers to berth for Reliance

Iranian oil is often transported by a so-called shadow fleet of vessels that lack internationally recognized insurance and safety certifications.

Australia, Singapore leaders pledge closer energy ties to tackle global supply shock

The leaders said they agreed to ensure the flow of essential supplies including diesel and LNG, making "maximum efforts" to boost their energy security.

Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam

Japan weighs new release of about 20 days' worth of oil from reserves

Japan, dependent on the Middle East for some 95% of its oil supply, began releasing oil from its stockpiles on March 16 in coordination with other nations and on its own.

India raises HPCL Rajasthan Refinery project cost to $8.6 B

HPCL Rajasthan Refinery Ltd is a joint venture with HPCL HPCL.NS owning a 74% stake and the rest owned by the state government of Rajasthan.

China's teapots seek Iranian oil after prices fall

The Chinese refiners, known as teapots, had largely stayed on the sidelines since the U.S.-Iran conflict broke out in late February, causing global oil prices to surge, while Washington temporarily waived sanctions on Russian, Iranian crude at sea erasing discounts for these cargoes.

Japanese refinery runs at lowest since June 2025 on Middle East supply crisis

Japan began to partially release oil stockpiles from March 16.

With Schneider Electric and Microsoft, h2e POWER deploys India’s first fully autonomous solid oxide electrolyzer system

In collaboration with h2e POWER, an Indian green hydrogen pioneer, the two companies have deployed India’s first fully autonomous solid oxide electrolyzer system, empowering operators to shift their focus from routine monitoring to more strategic, high-impact work.

India's Reliance buys Venezuelan oil directly from PDVSA

Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.