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Covid Batters Leading Asia Importer
Wednesday, August 04, 2021Shipments of gasoline into Asia's biggest importer of the fuel have sunk almost a quarter, according to Vortexa Ltd.
China Cracks Down on Private Refiners
Friday, June 18, 2021Industry insiders say the probe could shift the balance of power from the private sector to the state.
Chinese Refiners to Boost Oil Imports and Run Rates
Friday, May 21, 2021China is set to extend its dominance in the global oil market.
6 Reasons Asia Oil Refiners Are Not Going Away Soon
Thursday, May 06, 2021Asian refiners are expanding at a breakneck pace, even building massive new plants designed to run for at least half a century.
Pavilion Energy Imports Carbon Neutral LNG Cargo
Monday, April 19, 2021Pavilion Energy Singapore Pte. Ltd. has imported a carbon neutral LNG cargo into Singapore, a first for the company and the country.
McDermott Nets LNG Storage Deal
Thursday, April 15, 2021McDermott International Ltd has revealed that its CB&I Storage Solutions business has secured a new contract with Atlantic Gulf and Pacific Company of Manila Inc.
Fire at Pertamina Refinery
Tuesday, March 30, 2021Pertamina confirmed on Monday that an incident occurred at the Pertamina Balongan refinery which caused a fire that started at around midnight.
Petronas Hits FLNG Milestone
Monday, March 29, 2021Petronas announced that it has become the first global energy company to produce liquefied natural gas from two floating facilities.
China Oil Reserves Close to Capacity
Friday, February 26, 2021China's oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to find extra storage tanks and facilities to hold supplies.
BP Directly Supplies China Gas Customers with LNG
Tuesday, January 26, 2021BP (NYSE: BP) announced Monday that it has begun directly supplying gas customers in China with liquefied natural gas (LNG) that it has imported into the country.
China Jockeys for Top LNG Import Slot
Monday, January 25, 2021China's LNG build-out comes as Japan, with the most developed LNG infrastructure in the world, sees contraction in the sector.
China Pipeline Giant to Buy Kunlun Assets for $6.3B
Wednesday, December 23, 2020China's pipeline network behemoth inked a $6.3 billion asset purchase in the latest step to bolster the nation's energy security.
Vietnam Gas Supply Crunch Hinges on Geopolitical Interference
Monday, December 14, 2020The development of an LNG-to-power plant near Ho Chi Minh City, above, follows in the footsteps of others investing in the sector in Vietnam.
GE Makes Deal for Vietnam LNG Project
Monday, November 23, 2020General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
Refiner Gets Creative to Combat Fuel Glut
Friday, November 13, 2020China's biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut.
Shell to Cut Hundreds of Singapore Refinery Jobs
Tuesday, November 10, 2020Royal Dutch Shell Plc will slash oil-processing capacity at its largest refinery, resulting in hundreds of job losses over the next three years.
Qatar Makes Pioneering LNG Deal with Singapore
Monday, November 09, 2020Qatar and Singapore signed the first long-term LNG deal that details pollution from the fastest growing fossil fuel.
China Hikes Oil Import Quota
Monday, November 02, 2020A sharp drop in oil prices may be about to get some relief from China.
Shell Doubles Down on China Fuel Retailing
Monday, November 02, 2020Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China.
ExxonMobil Eyes Vietnam LNG Project
Thursday, October 29, 2020Hai Phong, Vietnam may become home to an integrated LNG-to-power project.
Asia LNG Price Surge Spurs Interest in Vitol Trades
Thursday, October 22, 2020One of the world's top energy merchants is the talk of the Asian LNG trader community after a series of above-market deals that may have contributed to a price surge.
KBR Wins China Petchems Contract
Wednesday, July 15, 2020Shenghong Refining Petrochemical (Lianyungang) Co. Ltd. has awarded KBR a catalyst supply contract for a vinyl acetate monomer (VAM) project in China.
$40+ Oil Quells Appetite of Some Chinese Refiners
Thursday, July 09, 2020China's so-called teapot refiners account for approximately one-quarter of the country's crude processing capacity.
Samsung and Bloom Make Fuel Cell LNG Tanker Deal
Tuesday, June 30, 2020The plan is to initially develop eco-friendly vessels that carry LNG and will be among the first in the industry.
Excelerate Adds Tenth FSRU to Fleet
Wednesday, June 24, 2020The Excelerate Sequoia, pictured above, can operate as an FSRU or as a fully tradable LNG carrier. PHOTO SOURCE: Excelerate Energy L.P.
Asian Buyers Look to US Oil Amid Dicey OPEC Flows
Monday, June 22, 2020Asian buyers are increasingly looking to the US for a cheaper source of supply.
China's Oil Tanker Cluster Grows With Swelling Onshore Tanks
Friday, June 19, 2020The vessels are waiting longer to offload their cargoes amid a lack of onshore storage space.
China to Add 440MM Barrels to Crude Stocks
Tuesday, June 16, 2020China's inventories of crude oil will go up by 440 million barrels in the first half of 2020, representing an unprecedented volume for a half-year period, according to IHS Markit.
Allseas Lands First Contract Vessel Job in China
Thursday, June 04, 2020Work has started on the deep-water Lingshui 17-2 gas field development in the South China Sea.
Oil Tankers Off Chinese Coast Signal Rapid Rebound
Monday, June 01, 2020Asia's largest economy is leading a recovery in oil consumption.
Oil Cargo Purchases in Asia Signal Demand Comeback
Wednesday, May 27, 2020It's another sign that demand is coming back in the world's biggest crude-importing region.
Chinese Firm Building Floating Oil Storage Tanks
Monday, May 04, 2020The firm contends it can build a CFSU, a group of which appears in the above rendering, in a matter of weeks. IMAGE SOURCE: Business Wire
Qatar Petroleum China LNG Ship Deal Value Could Top $3B
Thursday, April 23, 2020QP and Hudong officials signed the landmark deal in a virtual ceremony. PHOTO SOURCE: Qatar Petroleum
BP to Invest in Chinese Petchems Firm
Wednesday, April 22, 2020BP and China Resources Chemical Innovative Materials Holdings are teaming up to explore opportunities to improve cooperation along the polyester value chain.
Keppel Eyes LNG-Powered Data Centers
Tuesday, April 21, 2020Keppel Data Centres has signed MOUs with Toll Group and Royal Vopak tied to developing floating data centers powered by LNG and possibly hydrogen.
Total to Charter its First LNG-Powered VLCCs
Thursday, April 09, 2020The vessels will be chartered from Malaysian shipowner AET and delivered in 2022.
Oil Demand Slumps in India as Third-Biggest Buyer Shuts Down
Wednesday, April 08, 2020Oil demand in the world's third-biggest consumer has collapsed by 70 percent as India endures the planet's largest national lockdown, according to refiners.
Chevron Lummus Global Snags Asia Refinery Contract
Thursday, March 26, 2020The McDermott-Chevron JV will provide the license, engineering and supply of catalyst and equipment for the new base oil unit.
Worley Wins Mozambique Contracts from Total
Tuesday, February 25, 2020Worley marks the latest chapter in its 10-year involvement with the project.
Asian Traders Get Surprise from Chinese Teapots
Friday, February 14, 2020A sudden oil buying spree by China's independent "teapot" refiners has taken Asian traders by surprise.
Downcycle Looms for China's Petrochemical Industry
Wednesday, January 15, 2020The world's biggest petrochemical-producing country in the world could experience the beginning of a downcycle this year, according to Wood Mackenzie.
Fire Incident at SSGP
Monday, January 13, 2020Petronas announced Monday that a pipe rupture and a fire incident occurred at the Sabah-Sarawak Gas Pipeline.
China Sets Up National Pipeline Company
Monday, December 09, 2019China announced the creation of its long-planned national oil and gas pipeline company.
Oil Tankers Idling Off China Possess Key to Shipping Rates
Thursday, December 05, 2019The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.
India Approves State-Run Refiner Privatization
Thursday, November 21, 2019India launched its biggest privatization drive in more than a decade.
China LNG Sees Imports Slide for First Time in 3 Years
Friday, November 01, 2019China's imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles.
New Norway Oil Grade Making Inroads in Asia
Thursday, October 24, 2019Norway's new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
TechnipFMC Wins Vietnam Subsea Contract
Tuesday, October 15, 2019PetroVietnam Gas has awarded TechnipFMC a contract to engineering and install rigid pipeline and fabricate subsea structures.
China Oil Imports from Ship to Ship Transfers Surge
Tuesday, October 08, 2019Chinese oil imports from ship-to-ship transfers surged last month.
Oil Refiners Go from Profit Pain to Gain
Monday, August 19, 2019The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners.