Month: May 2019

Archive for May 2019

Impending IMO 2020 pushes discounted Asian crudes into premiums

Singapore — The fast-approaching lower sulfur cap for global maritime shipping fuels pushed prices for specific ‘cheap’ crude grades into significant premiums in H1 2019, as markets prepare for the IMO 2020 kick off in January next year, sources told S&P Global Platts this month. Crude grades yielding mostly fuel oil are typically ‘heavier’ by specific…Read more

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What is biofuel; what are the advantages and disadvantages?

Confused by biofuel? Our guide explains all Biofuel is an alternative fuel to petrol and diesel, and may become more popular in the next few years as customers and manufacturers look to decrease their carbon dioxide output. Biofuel is popular in North and South America and Scandinavia, but is yet to be available in the…Read more

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Sarawak CM launches South-east Asia’s first integrated hydrogen production plant

KUCHING, May 27 — A significant milestone was achieved today for Sarawak’s Green Energy Agenda with the official launch of South-east Asia’s first integrated hydrogen production plant and refuelling station and the introduction of the state’s first hydrogen-powered vehicles. The facilities includes a plant built by state-owned power provider Sarawak Energy Berhad that produces hydrogen…Read more

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Key Industry Projects to Watch Around the Globe in 2019

Oil and gas industry experts make sure to keep a close watch on upstream, midstream, and downstream oil and gas projects being built around the world. The ten most significant projects below were selected based on factors such as capital expenditure, its impact on employment in the industry, and the level of contribution it is…Read more

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OMANI GROUP TO BUILD $14BN REFINERY PROJECT IN INDONESIA

MUSCAT – Oman’s Overseas Group’s sister company, Overseas Oil & Gas LLC (OOG) has signed an agreement for developing a 300,000 barrels per day oil refinery in Indonesia in association with Indonesia’s state-owned oil company Pertamina. The refinery project will be set up in Bontang in Indonesia’s East Kalimantan region, with an estimated investment of around…Read more

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Analysis: Indonesia’s trade deficit raises urgency to boost refining capacity

Singapore — Indonesia will likely speed up its ongoing projects aimed at boosting the country’s refining capacity as Southeast Asia’s biggest energy consumer continued to post its trade deficit in the first quarter, with imports of transportation fuels extending the upward momentum. Indonesia saw its oil product imports continue to rise early this year, receiving 2.38…Read more

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IRPC Selects AspenTech Prescriptive Maintenance Software to Mitigate Unplanned Downtime

Aspen Technology, the asset optimization software company, recently announced that Southeast Asia’s integrated petrochemical pioneer, IRPC PLC, has selected Aspen Mtell software for its refinery and petrochemical plants in Rayong Province in Thailand. With the planned deployment of Aspen Mtell asset performance management software, IRPC can improve equipment reliability, mitigate unplanned downtime, achieve operational excellence, and…Read more

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Automation and Instrumentation in Chemical and Petrochemical Market Advance Technology development by World | ABB, Emerson Electric, Honeywell International, Rockwell Automation, Siemens, Yokogawa Electric, FMC Technologies, GE, Metso, Miracom, Mitsubishi Heavy Industries, Omron and SAP

Global Automation and Instrumentation in Chemical and Petrochemical Market is expected to Huge growth with a during forecast period 2019 to 2025. Investigation for gathering the content for this report is done in depth and meticulously. Present scenarios, past progress, global recognition and future prospects of these market is offered in this report. The automation units include…Read more

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Malaysia’s Petronas refinery fire turns up heat on Asian petroleum markets

Singapore — A fire and explosion early Friday at Malaysia’s Pengerang Integrated Complex, operated by national oil company Petronas, rippled through regional petroleum markets including crude oil, refined products, petrochemicals and liquefied natural gas, due to the sheer scale of the project. The downstream project includes the 300,000 b/d refinery and petrochemical facility, operated by Pengerang…Read more

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China’s state-owned refineries cut Apr run rates to 81% on maintenance

The average run rate at China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp. dropped for the second-straight month due to many refineries starting maintenance in April, a monthly survey by S&P Global Platts showed Monday. A total of eight refineries have been undergoing maintenance in April compared with three in March,…Read more

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