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Covid Batters Leading Asia Importer Share your comments
Shipments of gasoline into Asia's biggest importer of the fuel have sunk almost a quarter, according to Vortexa Ltd.
11:50 AM EST | August 04, 2021
China Cracks Down on Private Refiners Share your comments
Industry insiders say the probe could shift the balance of power from the private sector to the state.
8:33 AM EST | June 18, 2021
Chinese Refiners to Boost Oil Imports and Run Rates Share your comments
China is set to extend its dominance in the global oil market.
9:20 AM EST | May 21, 2021
6 Reasons Asia Oil Refiners Are Not Going Away Soon Share your comments
Asian refiners are expanding at a breakneck pace, even building massive new plants designed to run for at least half a century.
5:13 AM EST | May 06, 2021
Pavilion Energy Imports Carbon Neutral LNG Cargo Share your comments
Pavilion Energy Singapore Pte. Ltd. has imported a carbon neutral LNG cargo into Singapore, a first for the company and the country.
6:44 AM EST | April 19, 2021
McDermott Nets LNG Storage Deal Share your comments
McDermott 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.
6:46 AM EST | April 15, 2021
Fire at Pertamina Refinery Share your comments
Pertamina confirmed on Monday that an incident occurred at the Pertamina Balongan refinery which caused a fire that started at around midnight.
5:44 AM EST | March 30, 2021
Petronas Hits FLNG Milestone Share your comments
Petronas announced that it has become the first global energy company to produce liquefied natural gas from two floating facilities.
8:23 AM EST | March 29, 2021
China Oil Reserves Close to Capacity Share your comments
China'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.
5:17 AM EST | February 26, 2021
BP Directly Supplies China Gas Customers with LNG Share your comments
BP (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.
8:55 AM EST | January 26, 2021
China Jockeys for Top LNG Import Slot Share your comments
China's LNG build-out comes as Japan, with the most developed LNG infrastructure in the world, sees contraction in the sector.
4:27 AM EST | January 25, 2021
China Pipeline Giant to Buy Kunlun Assets for $6.3B Share your comments
China's pipeline network behemoth inked a $6.3 billion asset purchase in the latest step to bolster the nation's energy security.
10:32 AM EST | December 23, 2020
Vietnam Gas Supply Crunch Hinges on Geopolitical Interference Share your comments
The 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.
4:20 AM EST | December 14, 2020
GE Makes Deal for Vietnam LNG Project Share your comments
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
3:15 PM EST | November 23, 2020
Refiner Gets Creative to Combat Fuel Glut Share your comments
China's biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut.
4:11 AM EST | November 13, 2020
Shell to Cut Hundreds of Singapore Refinery Jobs Share your comments
Royal Dutch Shell Plc will slash oil-processing capacity at its largest refinery, resulting in hundreds of job losses over the next three years.
6:25 AM EST | November 10, 2020
Qatar Makes Pioneering LNG Deal with Singapore Share your comments
Qatar and Singapore signed the first long-term LNG deal that details pollution from the fastest growing fossil fuel.
9:39 AM EST | November 09, 2020
Shell Doubles Down on China Fuel Retailing Share your comments
Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China.
1:03 PM EST | November 02, 2020
China Hikes Oil Import Quota Share your comments
A sharp drop in oil prices may be about to get some relief from China.
10:27 AM EST | November 02, 2020
ExxonMobil Eyes Vietnam LNG Project Share your comments
Hai Phong, Vietnam may become home to an integrated LNG-to-power project.
7:25 AM EST | October 29, 2020
Asia LNG Price Surge Spurs Interest in Vitol Trades Share your comments
One 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.
10:09 AM EST | October 22, 2020
KBR Wins China Petchems Contract Share your comments
Shenghong Refining Petrochemical (Lianyungang) Co. Ltd. has awarded KBR a catalyst supply contract for a vinyl acetate monomer (VAM) project in China.
7:54 AM EST | July 15, 2020
$40+ Oil Quells Appetite of Some Chinese Refiners Share your comments
China's so-called teapot refiners account for approximately one-quarter of the country's crude processing capacity.
10:37 AM EST | July 09, 2020
Samsung and Bloom Make Fuel Cell LNG Tanker Deal Share your comments
The plan is to initially develop eco-friendly vessels that carry LNG and will be among the first in the industry.
1:30 PM EST | June 30, 2020
Excelerate Adds Tenth FSRU to Fleet Share your comments
The Excelerate Sequoia, pictured above, can operate as an FSRU or as a fully tradable LNG carrier. PHOTO SOURCE: Excelerate Energy L.P.
7:36 AM EST | June 24, 2020
Asian Buyers Look to US Oil Amid Dicey OPEC Flows Share your comments
Asian buyers are increasingly looking to the US for a cheaper source of supply.
2:10 PM EST | June 22, 2020
China's Oil Tanker Cluster Grows With Swelling Onshore Tanks Share your comments
The vessels are waiting longer to offload their cargoes amid a lack of onshore storage space.
2:06 PM EST | June 19, 2020
China to Add 440MM Barrels to Crude Stocks Share your comments
China'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.
7:34 AM EST | June 16, 2020
Allseas Lands First Contract Vessel Job in China Share your comments
Work has started on the deep-water Lingshui 17-2 gas field development in the South China Sea.
7:55 AM EST | June 04, 2020
Oil Tankers Off Chinese Coast Signal Rapid Rebound Share your comments
Asia's largest economy is leading a recovery in oil consumption.
12:12 PM EST | June 01, 2020
Oil Cargo Purchases in Asia Signal Demand Comeback Share your comments
It's another sign that demand is coming back in the world's biggest crude-importing region.
12:32 PM EST | May 27, 2020
Chinese Firm Building Floating Oil Storage Tanks Share your comments
The 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
8:33 AM EST | May 04, 2020
Qatar Petroleum China LNG Ship Deal Value Could Top $3B Share your comments
QP and Hudong officials signed the landmark deal in a virtual ceremony. PHOTO SOURCE: Qatar Petroleum
7:53 AM EST | April 23, 2020
BP to Invest in Chinese Petchems Firm Share your comments
BP and China Resources Chemical Innovative Materials Holdings are teaming up to explore opportunities to improve cooperation along the polyester value chain.
7:36 AM EST | April 22, 2020
Keppel Eyes LNG-Powered Data Centers Share your comments
Keppel Data Centres has signed MOUs with Toll Group and Royal Vopak tied to developing floating data centers powered by LNG and possibly hydrogen.
7:51 AM EST | April 21, 2020
Total to Charter its First LNG-Powered VLCCs Share your comments
The vessels will be chartered from Malaysian shipowner AET and delivered in 2022.
7:50 AM EST | April 09, 2020
Oil Demand Slumps in India as Third-Biggest Buyer Shuts Down Share your comments
Oil 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.
11:58 AM EST | April 08, 2020
Chevron Lummus Global Snags Asia Refinery Contract Share your comments
The McDermott-Chevron JV will provide the license, engineering and supply of catalyst and equipment for the new base oil unit.
9:00 AM EST | March 26, 2020
Worley Wins Mozambique Contracts from Total Share your comments
Worley marks the latest chapter in its 10-year involvement with the project.
9:15 AM EST | February 25, 2020
Asian Traders Get Surprise from Chinese Teapots Share your comments
A sudden oil buying spree by China's independent "teapot" refiners has taken Asian traders by surprise.
9:32 AM EST | February 14, 2020
Downcycle Looms for China's Petrochemical Industry Share your comments
The world's biggest petrochemical-producing country in the world could experience the beginning of a downcycle this year, according to Wood Mackenzie.
11:42 AM EST | January 15, 2020
Fire Incident at SSGP Share your comments
Petronas announced Monday that a pipe rupture and a fire incident occurred at the Sabah-Sarawak Gas Pipeline.
6:59 AM EST | January 13, 2020
China Sets Up National Pipeline Company Share your comments
China announced the creation of its long-planned national oil and gas pipeline company.
5:57 AM EST | December 09, 2019
Oil Tankers Idling Off China Possess Key to Shipping Rates Share your comments
The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.
9:00 AM EST | December 05, 2019
India Approves State-Run Refiner Privatization Share your comments
India launched its biggest privatization drive in more than a decade.
8:15 AM EST | November 21, 2019
China LNG Sees Imports Slide for First Time in 3 Years Share your comments
China'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.
4:18 PM EST | November 01, 2019
New Norway Oil Grade Making Inroads in Asia Share your comments
Norway's new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America.
7:10 AM EST | October 24, 2019
TechnipFMC Wins Vietnam Subsea Contract Share your comments
PetroVietnam Gas has awarded TechnipFMC a contract to engineering and install rigid pipeline and fabricate subsea structures.
8:56 AM EST | October 15, 2019
China Oil Imports from Ship to Ship Transfers Surge Share your comments
Chinese oil imports from ship-to-ship transfers surged last month.
7:54 AM EST | October 08, 2019
Oil Refiners Go from Profit Pain to Gain Share your comments
The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners.
7:47 AM EST | August 19, 2019