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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UZBEKISTAN: Politics and financing in the way of plan to double refining capacity

(EnergyAsia, December 6, 2018, Thursday) — Faced with a persistent fuel shortage that is threatening the economy, Uzbekistan wants to more than double its current refining capacity from around 11 million tons/year (225,000 b/d) over the next five years….

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CENTRAL ASIA: Hydrocarbon economies to have slower growth in 2018 and 2019

EnergyAsia, November 7 2018, Wednesday) — Three of Central Asia’s four hydrocarbon-exporting nations will experience consecutive years of slower growth from 2017 to 2019, predicts the European Bank of Reconstruction and Development (EBRD)….

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MALAYSIA: Oil refining capacity to rise 45% in 2019 with planned start-up of Petronas-Aramco refinery

(EnergyAsia, October 16, 2018, Tuesday) — Malaysia expects to increase its total oil refining capacity by 45% early next year to 958,000 b/d with the official start-up of a joint-venture 300,000 b/d plant between state-owned Petronas and Saudi Arabia’s Aramco….

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ASIA: As oil prices rise, fuel subsidies are back in fashion

(EnergyAsia, October 15 2018, Monday) — Some Asian countries are reviving an old habit of raising fuel subsidies in response to rising oil prices. The Brent crude price is holding firmly at a four-year high level of over US$80 a barrel as more traders bet it will breach US$100 sometime next year….

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INDIA: Proposed refinery-petrochemical project still far from certain even with Saudi Arabia, Abu Dhabi participation

(EnergyAsia, August 20 2018, Monday) — The most notable feature of the recent agreements between Saudi Aramco, Abu Dhabi National Oil Co (Adnoc), and a consortium of Indian oil companies to build a US$44-billion refinery-petrochemicals complex on India’s west coast was the absence of a deadline for the proposed project’s completion….

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ASIA: Rising cost of oil and US dollar stoke fears of economic shock

EnergyAsia, August 19 2018, Sunday Asia’s political stability faces a series of stress tests from the unique triple threats of a possible oil shock, a strong US dollar, and the hardline foreign policy stance of the United States towards China, Russia and Iran….

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GE Power Services unveils growth plan amid global headwinds

In his new starring role at GE Power Services, football fan Martin O’Neill sees the hugely competitive English Premier League providing a few management lessons. “We can’t afford to buy a Neymar yet, nor would we want to pursue a strategy of splurging on players and projects like Manchester City,” said the general manager of (more…)