Industry News

  • Aramco, Norinco sign JV agreement for major downstream project in China 5/22/2017

    Saudi Aramco, China North Industries Corporation (NORINCO) and Panjin Xincheng Industrial Group, Co, Ltd signed the joint development agreement and held a ground-breaking ceremony for the Saudi Aramco - NORINCO Refining, Petrochemical and Retail projects in Panjin, in northeast China's Liaoning province.

  • India's top refiner in early talks with Aramco for downstream project 5/12/2017

    India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coasts, that could help the OPEC member lock-in customers amid an oil supply glut.

  • MPRC Exec: Asia Good Place for Downstream Workers 5/12/2017

    Asia is a good place to go for downstream oil and gas professionals, according to Syed Azlan Syed Ibrahim, Malaysia Petroleum Resource Corporation (MRPC) senior vice president.

  • BP to develop Indonesia retail business 4/17/2017

    BP and AKR Corporindo, a local petroleum and chemicals company, have agreed to set up a joint venture to oeprate fuel retail stations in Indonesia.

     

  • Gazprom welcomes CNPC unit for plant 4/17/2017

    China Petroleum Engineering & Construction Corporation (CPECC) will be brought on board for work on the Amur gas-processing plant, Gazprom said on Tuesday. 

  • Sinopec piles pressure on teapot refiners 4/17/2017

    Sinopec, China's leading refiner, announced on Tuesday that it will begin centralising purchases of refined fuels through its Beijing office next month, a move that is expected to squeeze independent "teapot" refiners. 

  • Total to grow Texas petrochemicals footprint 4/17/2017

    Total aims to build an ethane steam cracker and polyethylene unit along the Gulf Coast with joint venture partners Borealis and Nova, the French major said on Monday.

  • Development of Oil and Natural Gas in Indonesia 4/17/2017

    Indonesia's oil and gas sector is governed by Law No. 22 of 2001 regarding Oil and Gas (the "Oil and Gas Law"). The state retains mineral rights throughout Indonesian territory and the Government holds the mining authority.

  • Kuwait enters downstream limbo 4/17/2017

    The transition under way in Kuwait's refining sector passed a symbolic milestone in early April with the permanent closure of the smallest of the country's three refineries. The move comes ahead of the commissioning of two long-delayed projects now being belatedly implemented by state-owned Kuwait National Petroleum Co. (KNPC) to expand and upgrade the country's oil products output.

  • Pertamina begins Balongan refinery upgrades 2/20/2017

    State-owned oil and gas firm Pertamina officially started construction on Thursday of a submarine pipe line and single-point mooring at the Balongan refinery in West Java, part of the company's grand plan to upgrade and construct several refineries across the nation.

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