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Australian Regulator to Review BP Purchase of Woolworths' Petrol Stations
(Thursday, January 12, 2017) Australia's competition regulator said on Thursday it will review BP Plc's A$1.8 billion purchase of 527 petrol stations from Australia's top grocer, Woolworths Ltd.
Asia's Diesel Profit May Rise for First Time Since 2013 - Analysts
(Wednesday, January 11, 2017) Asian refiners' profit margins from producing diesel in 2017 may rise for the first time in four years as demand for the fuel improves in the infrastructure, construction, mining and oil and gas exploration sectors.
Singapore Bunker Volumes Expected to Set Record High in 2016
(Wednesday, January 11, 2017) The Maritime and Port Authority of Singapore (MPA) expects 2016 sales of bunker fuel for ships to rise to a record for a second consecutive year, with early estimates showing volumes increased 7.7 percent to 48.6 million tonnes, it said on Wednesday.
Iran in Talks to Export 4 Mln Bbls of Oil Per Month to Philippines-State TV
(Friday, January 06, 2017) National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying.
Indonesia Lowers Sulphur Content of Subsidised Diesel
(Friday, January 06, 2017) Indonesia has lowered the sulphur content of its subsidised diesel in line with a global shift to move towards using cleaner fuel to curb pollution.
Australia Trade Surplus Breaks Long Drought as Exports Boom
(Friday, January 06, 2017) The country was also shipping more product, particularly iron ore and LNG.
Chevron Resumes Operation at Gorgon LNG Train 1 after Month-long Outage
(Wednesday, January 04, 2017) Chevron Corp said on Wednesday it has resumed production of LNG at one of its two units at the $54 billion Gorgon project, located off Western Australia, after an outage of slightly more than a month.
Localized Approach Could Grow Gas-fired Power's Global Reach
(Tuesday, January 03, 2017) Pipeline expansions, microturbines and LNG "milk runs" can extend practicability of natural gas-fueled electricity.
Australia's Woolworths Sells Petrol Chain To BP For $1.3B
(Wednesday, December 28, 2016) Woolworths says it will sell its chain of petrol stations to BP for $1.3 billion.
Pertamina Advances Cilacap Oil Refinery Upgrade Finish to 2021
(Thursday, December 22, 2016) Indonesian state energy firm Pertamina aims to finish a $5 billion upgrade to the Cilacap oil refinery in Central Java in 2021, one year earlier than its previous target, its chief executive said on Thursday.
China 'Teapot' Oil Refinery Sets Up Singapore Office - Traders
(Thursday, December 22, 2016) Sinochem Hongrun Petrochemical Co. Ltd, a Shandong-based independent refiner and fuel exporter, plans to open a Singapore trading office early next year, the latest of China's so-called "teapot" refiners to seek a presence in the global oil market.
Exxon Foe Says Bigger InterOil Offer Still Isn't Good Enough
(Thursday, December 22, 2016) ExxonMobil plans to assimilate InterOil's gas reserves into its existing Papua New Guinea LNG project.
Indonesia's Donggi-Senoro LNG Plant Secures Buyers for 2017 Exports
(Wednesday, December 21, 2016) Indonesia's Donggi-Senoro LNG plant has secured buyers for 31 cargoes of LNG it plans to export next year, Aditya Mandala, corporate affairs director of the plant told reporters on Wednesday.
Indonesia Assigns Pertamina to Build Bontang Refinery
(Friday, December 16, 2016) The refinery is slated to have a capacity of 300,000 barrels per day.
Traders Charter Long-range Vessels to Temporarily Store Gasoil
(Thursday, December 15, 2016) Traders are temporarily storing gasoil on vessels in the waters off Singapore as they anticipate demand for the fuel to go up in the coming months, industry sources said on Thursday.
Indonesia to Import Around 500,000 Metric Tonnes of Iranian LPG in 2017
(Wednesday, December 14, 2016) Indonesia will import around 500,000 metric tonnes of LPG from Iran in 2017, according to a statement published on an Indonesian government website on Wednesday.
Indonesia's Pertamina May Sign Deal with Iran for 2017 LPG Imports
(Tuesday, December 13, 2016) State energy company Pertamina may sign a deal to import Iranian LPG in 2017 when Indonesia's president visits the country this week, company officials said on Tuesday.
Chevron Still Grappling with Latest Gorgon LNG Outage
(Monday, December 12, 2016) Chevron Corp's Gorgon liquefied natural gas (LNG) plant off western Australia still has one of its two production units shut around two weeks after first being taken offline, the company said on Monday.
Tanker Operators Hope New Routes Will Offset Impact of OPEC Cut
(Friday, December 09, 2016) Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.