AUSTRALIA: Government report defends lack of urgency on oil stockbuilding

(EnergyAsia, June 10 2019, Monday) — Australia is in no hurry to build up its liquid fuels stockpile nor does it see the need to expand the country’s inadequate oil refining capacity despite nagging worries of a supply shock if imports are disrupted….

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INDIA: Talks with Saudi Arabia and Abu Dhabi for refinery, storage deals continue at snail’s pace

(EnergyAsia, June 3 2019, Monday) — India’s hopes of securing multi-billion-dollar investments in downstream oil refinery and storage projects from Saudi Arabia and Abu Dhabi remain stuck in slow-traffic negotiations….

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AUSTRALIA: Fossil fuels industry boosted by re-election of Scott Morrison as prime minister

(EnergyAsia, May 29, 2019, Wednesday) — Australia’s fossil fuels industry heaved a collective sigh of relief following the surprise re-election of the climate skeptic and political conservative Scott Morrison as prime minister in the country’s recently concluded general election….

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CHINA: Oil demand growth underestimated by IEA and other agencies, says analyst

(EnergyAsia, May 26, 2019, Sunday) — Oil prices will find support from China for the rest of 2019 if analyst Laban Yu is proved correct that the country’s oil demand growth is much stronger than estimated by the world’s leading energy agencies….

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SINGAPORE: ExxonMobil invests in “multi-billion-dollar expansion” of plant to produce high-value lube base stocks and distillates

(EnergyAsia, April 2, 2019, Tuesday) — US major ExxonMobil has announced a “multi-billion-dollar expansion” of its manufacturing complex in Singapore to produce 20,000 b/d of group 2 lube base stocks and 48,000 b/d of low-sulphur marine fuels….

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MALAYSIA: Refining capacity on course to exceed one million b/d in 2020

(EnergyAsia, March 31 2019, Sunday) — Malaysia is on course to challenge neighbour Singapore as an oil products exporter with plans for a 60% increase in its 658,000 b/d primary refining capacity and expensive upgrades of secondary facilities over the next two years….

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MALAYSIA: Petronas net profit up 22% in 2018, but worries remain on continuation of oil price slump

(EnergyAsia, March 11 2019, Monday) — Despite the good news of a 22% rise in net profit for 2018, Malaysia’s state energy firm, Petronas Berhad, held back celebrations on account of a weak fourth quarter weighed down by falling oil prices and a slowing global economy….

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INDIA: A nation of oil hubs?

(EnergyAsia, March 6, 2019, Wednesday) — India is talking up the idea of becoming a nation of “oil hubs” as it dreams of building more strategic petroleum stockpiling sites along its two coastlines facing the Arabian Sea and the Bay of Bengal….

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CHINA: Saudi Arabia to invest in two major oil refining and petrochemical projects

(EnergyAsia, February 28 2019, Thursday) — Saudi Arabia and China have underlined their intentions for a deeper strategic tie-up through Saudi Aramco’s investments in two Chinese oil-petrochemical complexes that will cement its role as a long-term crude oil supplier to the world’s largest energy consumer….

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INDIA: Dubai’s ENOC Group and Indian Oil Corporation to jointly develop and market high-end lubricants for ships for ships

(EnergyAsia, February 26 2019, Tuesday) — Dubai’s ENOC Group said it has formed a strategic alliance with Indian Oil Corporation (IOC) to develop and supply high-end lubricants to the shipping industry in support of tougher environmental standards on marine fuels from January 1, 2020. The two state-owned companies of their respective countries will jointly invest...

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