Caltex refinery site now operating as import terminal
Caltex Australia’s oil refinery at Kurnell near Sydney has closed, and is now a fuel import terminal, still operated by Caltex. Caltex closed the refinery as part of its company-wide “blank slate”...
View ArticlePetron starts up USD2 billion refinery in Bataan
Philippine-based oil refiner and marketer Petron Corp. announced that it has started up its USD2 billion refinery in Bataan province ahead of full commercial operation next year. The Bataan refinery...
View ArticleBP inaugurates regional downstream office in Dubai
BP Middle East LLC has inaugurated its new regional head office in Dubai, UAE. Bob Dudley, BP group chief executive, and HE British Ambassador to the UAE Philip Parham were present to inaugurate the...
View ArticleByco to expand storage capability
Pakistan’s Byco Terminals has announced a plan to streamline its supply chain. It plans to build refined petroleum products storage facilities in strategic locations, generating jobs and ensuring the...
View ArticleJapan’s oil product sales decline in September
Japanese refiners sold 2.86 million barrels per day (bpd) of oil products in the domestic market in September, down 6.9% from a year-ago period, according to preliminary data from Japan’s Ministry of...
View ArticleEsso Thailand to invest USD67 million in downstream sector
Esso Thailand PLC, which is part of the American energy conglomerate ExxonMobil, has announced that it will invest USD67 million in its refinery, petrochemical and retail business in Thailand. Around...
View ArticleEni to produce biofuels at Porto Marghera facility
Italy’s Eni SpA will invest EUR200 million (USD250 million) between 2014 and 2017 to relaunch its Porto Marghera chemicals site near Venice, where it plans to produce biofuels. The industry ministry...
View ArticleDow Chemical sells Angus Chemical Company for USD1.215 billion
U.S.-based Dow Chemical announced the sale of Angus Chemical Company to Golden Gate Capital, a private equity firm based in San Francisco, Calif., with USD12 billion under asset management. Golden Gate...
View ArticleReport says Australia’s United Petroleum planning IPO in 2015
United Petroleum, based in Victoria, Australia, is said to be considering an initial public offering (IPO) in 2015, the Australian Financial Review, reported. Investment banks are said to have pitched...
View ArticlePertamina signs MoUs to upgrade five refineries
Indonesia’s state-owned oil and gas company PT Pertamina, whose entire board of directors was replaced last month as part of the reforms being set in motion by the country’s new President Joko Widodo,...
View ArticleIOC to build joint-venture oil storage terminal in Mauritius
The island nation of Mauritius now has the potential to become a petroleum hub for nearby islands in the Indian Ocean, after a memorandum of understanding (MoU) was signed between Indian Oil...
View ArticleMerger creates Pilot Thomas Logistics
Pilot Logistics Services and Thomas Petroleum have combined to become one larger provider of fuel and lubricant delivery services across the United States. The merger, which was completed on Dec. 1,...
View ArticleAramco Asia inaugurates Singapore office
Aramco Asia inaugurated Aramco Asia Singapore as part of its plan to become more prominent in Asia, specifically Singapore, the hub of oil and gas in the region. The Singapore office will provide crude...
View ArticleJX Nippon Oil’s MoU with Petrolimex to expand its presence in Vietnam
Vietnam’s Petrolimex and Japan’s JX Nippon Oil & Energy (JX) have signed a memorandum of understanding (MoU) that will allow JX to buy stakes in Petrolimex that will speed up the process for...
View ArticleVerdezyne expands to Asia with construction of Malaysian plant
Verdezyne Inc., based in Carlsbad, Calif., USA, has received a USD75 million loan from Malaysia’s Bio-XCell Sdn Bhd., to build a 20,000-square-foot manufacturing facility on a plot at a biotechnology...
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