Asia/Pacific
China's crude oil imports fall for sixth straight month on refinery closure
China's crude oil imports fell 9% in October, a sixth consecutive monthly year-on-year decline as a plant closure at a state oil refinery adds to weaker demand from independent refiners.
CB&I awarded contract by Viva Energy for terminal diesel tank replacement project in Melbourne
CB&I, a wholly owned unrestricted subsidiary of McDermott, has been awarded a sizeable ($10 MM–$50 MM) lump sum contract by Viva Energy for engineering, procurement and construction (EPC) of two 10ML diesel tanks and associated civil, structural, mechanical and piping works for its diesel tank replacement project, located in Newport, Melbourne, Australia.
Thai SCG halts operations at $5.4-B Vietnam petrochemical complex
Siam Cement Group said it has suspended commercial operation at its $5.4-B Long Son Petrochemicals complex in Vietnam after only one month due to "the chemicals' low margin".
Solvay licenses hydrogen peroxide process technology to North Huajin Refining and Petrochemical Company
Solvay will license its leading-edge hydrogen peroxide technology to North Huajin Refining and Petrochemical Company for the manufacturing of 300.000 tpy of propylene oxide in its Panjin (Liaoning Province, China) facility, with a planned launch in 2026.
South Korean refiners' losses deepen in 3Q, margins set to improve in 4Q
South Korean refiners reported on Monday sharp losses in the third quarter from oil refining, but expect their margins to recover in the fourth quarter with peak winter demand and refinery run cuts in Asia.
Hydrogen hubs: Materializing Indian aspirations
Several countries and multinational corporates have adopted a strong commitment to the targeted achievement of net-zero emissions and have taken up green H2 and ammonia projects, including hubs for domestic distribution and export. This article will analyze how such H2 hubs can be planned, executed and operated.
SEEC to use thyssenkrupp nucera’s electrolyzer for caustic soda production
Fujian Southeast Electrochemical Co., LTD. and thyssenkrupp nucera have reached another milestone in their collaboration. The Chinese chemical company is now utilizing thyssenkrupp nucera’s latest e-BiTAC v7 electrolyzer with a production capacity of 300,000 tpy of caustic soda at their chlor-alkali plant in the Chinese Fujian province. This marks the commencement of the fourth phase of the project, serving for expanding of downstream application.
Drone crashes on oil depot in Russia's Stavropol region
A drone fell on an oil depot in Russia's southern Stavropol region. It was the second suspected Ukrainian attack in consecutive days on Russian fuel and energy targets.
Russia's Tuapse oil refinery to resume operations in November
Rosneft will resume operations at its oil refinery at the Black Sea port of Tuapse in November.
Aramco, Petrovietnam sign Collaboration Framework Agreement for increased petrochemicals trade
The framework agreement signed by Aramco and Petrovietnam will explore opportunities for cooperation in storage and the supply and trading of energy and petrochemical products
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
