Russian oil flows tick up as Moscow pivots from export curbs
Russia’s crude exports edged higher in the week to May 19, as Moscow prepares to replace a ceiling on overseas shipments with a production limit favored by its OPEC+ partners.
Refining
Glencore Group nears deal for Shell’s Singapore oil refinery
A group including commodity trader Glencore Plc and Indonesian chemicals business PT Chandra Asri Pacific is in advanced talks to buy Shell Plc (LON:SHEL) assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
Greenpeace blockades Shell terminal in the Philippines
"At COP 28, governments should make them stop drilling and start paying for the damage their operations cause.”
Oil refiners struggle for financing as banks shun fossil fuels
Oil refiners are finding it harder to secure funding for projects as more banks shy away from fossil-fuel financing, with plant owners now pressed to show their businesses have cleaner-energy goals, executives said.
Oil spill at Thai Oil facility in Chonburi
It reported no casualties as a result of the spill. The company did not disclose the volume of oil spilled.
Five injured after explosion at Pertamina’s Dumai refinery
Five people were injured after an explosion at a refinery run by Indonesian state oil company Pertamina, the company’s third incident in recent weeks.
Aramco restarts major refinery plan in China
Saudi Aramco has taken a final investment decision (FID) on a major refinery and petrochemical project in China.
Indonesia’s Pertamina says fire at refinery extinguished
Indonesia’s national oil company (NOC) Pertamina said yesterday that it had extinguished a fire at its Cilacap refinery in Central Java.
Refinery fire in Indonesia sees near-term supply risk
A massive fire has been extinguished at one of Indonesia’s biggest oil refineries operated by national oil company Pertamina. However, near-term supply risks remain, but the national refining expansion plan remains intact, reported Fitch Solutions Country Risk & Industry Research.
China’s mega-refineries are throttling other Asia oil processors
The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region.
Explosion at Pertamina’s Balongan refinery
Indonesia’s biggest oil refinery, operated by national oil company Pertamina, experienced a huge explosion Monday morning, according to local media reports
Adnoc lifts destination restrictions, signs Chinese MoUs
Adnoc has signed up two more potential Murban Futures customers and lifted destination restrictions, in addition to providing more market information.
CPC celebrates first delivery of Chadian crude
Taiwan’s CPC Corp. has celebrated the arrival of Chadian crude in its home market.
Prevention of corrosion, scaling and fouling
Novel injection, dispersion & mixing technology combats refinery corrosion