Downstream News

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Japan Carbon Capture Site Shows Promise for Industrial Use
Friday, April 20, 2018 A test site in Japan for burying CO2 below the seabed off Hokkaido island is showing more promise than other CCS projects, its developer says.

CNOOC Sells LNG In Debut Shanghai Auction As China Aims To Boost Supplies
Wednesday, April 18, 2018 CNOOC sells LNG cargoes on a domestic exchange for the first time.

China Catches 'New Wave' of Ethane Cracker Projects
Wednesday, April 18, 2018 CB&I to work on two ethylene plants.

LPG, Fuel Oil Tankers Collide Off Singapore Coast
Tuesday, April 17, 2018 Singapore's Maritime and Port Authority (MPA) said it is investigating a collision between two tankers in Singapore waters.

China March Crude Oil Imports 2nd Highest On Record, Fuel Exports Hit High
Friday, April 13, 2018 China's March crude oil imports climbed from a month earlier to the second highest on record.

Essar Oil Settles $2.5B Iran Oil Dues, Still Owes About $616MM
Thursday, April 12, 2018 Essar Oil has settled about $2.5B in dues to Iran to cover previous oil purchases and still owes the country, CEO B. Anand says.

Prices Edge Up As Oil Surges Amid Syria Crisis, But Low Demand Caps Market
Thursday, April 12, 2018 Asian spot liquefied natural gas prices rise this week.

India's GAIL Says LNG Supply From Gazprom Will Start From May
Thursday, April 12, 2018 GAIL plans to buy 0.5 million tonnes or eight cargoes of LNG from Russia's Gazprom in 2018/19.

India Sets Oct Target For Gas Trading Exchange Ahead Of East Coast Supplies
Friday, April 06, 2018 India plans to set up a natural gas trading exchange as early as October this year to prepare for a surge in supply from India's east coast and a slew of LNG terminals.

Bahrain's Bapco Approaches Banks For Multi-Billion Refinery Expansion
Thursday, April 05, 2018 Bapco approaches banks to sound their appetite for the financing needed to back the capacity expansion of the existing refinery.

Petronas Successfully Delivers First LNG Cargo to Hokuriku Electric
Tuesday, April 03, 2018 Petronas, though its subsidiary Malaysia LNG Sdn Bhd, has successfully delivered its first liquefied natural gas cargo to Japan's Hokuriku Electric Power Company.

China's CNPC Sells First Gasoline To Americas As Fuel Stocks Hit Record
Tuesday, April 03, 2018 CNPC says it has sold its first ever gasoline to the Americas.

Sinopec Group to Lift Gas Supplies, LNG Receiving Capacity
Monday, April 02, 2018 China's Sinopec group expects to increase its natural gas supplies significantly in the next six years as it aims to shift to produce more clean fuels.

Japan's Showa Shell Sees Q2 Crude Refining Down 1 pct y/y
Monday, April 02, 2018 Japan's Showa Shell Sekiyu KK said its group refineries would refine 1 percent less crude for the local market in April-June compared with a year ago, in line with their outlook for domestic demand.

Sources: Former Dragon Aromatics To Restart China Petchem Plant After Halt
Friday, March 30, 2018 China's Fuhaichuang, formerly known as Dragon Aromatics, plans to restart its refining-petrochemical complex in eastern Fujian.

Kemp: China's Crude Oil Futures Contract Should Confound The Skeptics
Friday, March 30, 2018 China's new crude oil futures contract has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed.

Shanghai Oil On Par With US Market As Local Traders Bet On Lower Prices
Thursday, March 29, 2018 Shanghai crude oil futures fell further and were at parity with the US market.

Asia's Production, Consumption of Natural Gas Set to Prosper
Wednesday, March 28, 2018 Asia's production and consumption of natural gas will prosper over the coming years, according to oil and gas analysts at BMI Research.

India's Bharat Petroleum Plans $3B Petchem Plant Near Mumbai
Wednesday, March 28, 2018 BPCL plans to build a $3 billion petrochemical unit to serve the Mumbai region, a company official says.

Gail India Offers Three LNG Cargoes From Sabine Pass For May To July
Tuesday, March 27, 2018 Gail India has offered three LNG cargoes for May to July.

Sinopec Inks First Deal To Buy Oil Priced Off Shanghai Crude Futures
Monday, March 26, 2018 Unipec has inked a deal with a western oil major to buy Middle East crude priced against the newly-launched Shanghai crude future.

Asian Prices Slide On Sluggish Demand, Mild Weather And Nuclear Boost
Friday, March 23, 2018 Asian spot LNG prices fell for a third week as above-average temperatures softened demand across North Asia.

Myanmar, India Mull Building Cross-Border Oil Pipeline
Friday, March 23, 2018 India has proposed to build a pipeline from the country's east coast to deliver oil products, mainly diesel, to Myanmar.

China Feb LNG Imports Eased On Slower Industrial Demand Growth, New Year
Friday, March 23, 2018 China's liquefied natural gas imports fell in February from a record high in January.

Top India Refiner Is Said to Invest $3.5B to Expand
Thursday, March 22, 2018 India's biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning April 1.

Thailand's PTTEP Seeks To Boost Reserves, Output In SE Asia
Wednesday, March 21, 2018 PTTEP is looking closer to home for upstream oil and gas assets in a drive to boost its reserves and production as oil prices have recovered.

China's Independent Oil Refiners Gear Up For Ethanol Push In Cars
Tuesday, March 20, 2018 China's top independent oil refiner is buying ethanol and two others are seeking government approval to blend the biofuel into their gasoline ahead of the country's 2020 deadline, sources say.

Top Indian Refiner Eyes $1.5 Billion Savings With Own Plant Tech
Wednesday, March 14, 2018 India's biggest oil refiner has developed refining processes that may help it save at least $1.5 billion in costs.

Taiwan Orders CPC To Partially Halt Talin Refinery After Fire
Monday, March 12, 2018 Taiwan's government has ordered CPC to partially suspend operations at a refinery in the southern city of Kaohsiung.

Petronas Plans To Upgrade Kerteh Refinery By 2022 - Official
Friday, March 09, 2018 Malaysia's state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 to produce higher quality fuels and expand the crude types it processes beyond Tapis, a company executive says.

China's Energy Giants Return To Asian LNG Market As Sellers
Friday, March 09, 2018 Falling industrial demand and mild weather have turned China's energy giants into sellers of LNG in Asia.

Vietnam Revokes $3.2B Oil Refinery Project License
Thursday, March 08, 2018 Vietnam revokes the investment license for a foreign-owned $3.2-billion oil refinery project in the country's central province of Phu Yen, a local government official tells Reuters.

Philippines' $2B LNG Project Draws Interest From Tokyo Gas, Three Others
Thursday, March 01, 2018 There are at least 4 potential investors for the Philippine government's planned LNG import facility, including Tokyo Gas Co Ltd, a government energy official says.

ENN Expects To Complete First Phase Of LNG Import Terminal By Mid-2018
Thursday, March 01, 2018 ENN will have the first phase of the country's first privately owned LNG import terminal ready by the middle of this year.

China's Domestic LNG Plants Reopen After Shutdowns As Heating Crisis Eases
Wednesday, February 28, 2018 At least 10 of China's domestic LNG plants have resumed output in the past week.

Vietnam's Nghi Son Oil Refinery Ready For Start-Up From Feb. 28
Monday, February 26, 2018 Vietnam's second oil refinery, Nghi Son Refinery and Petrochemical, will be ready for start-up from Feb. 28.

Shell's LNG Crystal Ball Reveals Potential Shortage
Monday, February 26, 2018 China bypasses South Korea in LNG importer ranking.

LNG Rollercoaster Seen Getting Wilder Until China Builds Storage
Friday, February 23, 2018 The rollercoaster that drags liquefied natural gas prices higher as demand jumps in the northern hemisphere winter is going into overdrive.

Minister: India Seeks 'Reasonable' Oil Price From Saudi Arabia
Friday, February 23, 2018 India is seeking a reasonable price for crude oil from Saudi Arabia, Oil Minister Dharmendra Pradhan says.

Indonesia To Challenge Latest US Biodiesel Duty Ruling At WTO
Friday, February 23, 2018 Indonesia plans to challenge the latest ruling by the United States on anti-dumping and countervailing duties on Indonesian biodiesel at the WTO.

Indian State Oil Refiners See Strong Margins For 2018
Thursday, February 22, 2018 India state refiners expect their profit margins to hold their strength this year.

Thailand's PTTGC To Invest $952MM For Expansion In 2018
Wednesday, February 21, 2018 Thailand's PTT Global Chemical Pcl will invest 30 billion baht ($951.78 million) this year to expand its business.

March-April Spot Price Spread May Tighten On Supply Outlook
Friday, February 16, 2018 Asian spot LNG prices for April delivery showed a steep discount to March prices.

INE Approves Bonded Storage Zones Ahead Of Crude Futures Launch
Wednesday, February 14, 2018 The Shanghai International Energy Exchange (INE) says it has approved the use of six bonded storage warehouses.

Asia's Soaring Gas Demand Opens Window For New LNG Projects
Wednesday, February 14, 2018 Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years.

KOGAS Says In LNG Arbitration With Australia's North West Shelf Gas
Monday, February 12, 2018 KOGAS enters court-administered arbitration with Australian joint venture North West Shelf Gas seeking to settle a dispute.

India's BPCL 3Q Profit Slips 6%
Friday, February 09, 2018 Bharat Petroleum posts a near 6% fall in third-quarter profit.

Price Rebounds As North Asian Buyers Replenish Inventory
Friday, February 09, 2018 Asian spot LNG prices rebounded this week.

Surging Chinese Energy Demand Draws Record Crude Imports In Jan
Thursday, February 08, 2018 China imported a record volume of crude oil and the second-highest amount of natural gas in January, data shows.

India Plans Massive Natural Gas Expansion, LNG Imports To Soar
Wednesday, February 07, 2018 India's push to more than double the share natural gas has in its energy mix by 2022 will require a huge increase in imports and the construction of more LNG terminals.