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Insights
14-Mar-19 Rising Russian and US competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift towards independent refiners and newcomers to the business, after years of dealing only with state-owned Chinese energy firms. [image: Reuters / Ahmed Jadallah]
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06-Mar-19 Singapore's Fortrec has completed the acquisition of and re-started its refurbished aromatic solvents refinery in Ulsan, Korea. The facility, with a 60,000 tonnes per year capacity, is the culmination of a nine-month acquisition by Fortrec. [image: Exsoft]
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Insights
22-Feb-19 Thai energy company PTT plans to invest up to USD11.3 bn over the next five years to boost its natural gas portfolio and energy infrastructure. "We want to become a global LNG portfolio player," said Arawadee Photisaro, VP. [image: Nikkei Asian Review]
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21-Feb-19 Halliburton will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia at the PlasChem Park in Jubail. Expected to be completed in 2020, the plant will produce chemicals for stimulation, production, midstream and downstream treatment programmes. [image: Halliburton]
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Insights
01-Feb-19 JV Vietsovpetro has started production at the Ca Tam (Beluga) oilfield offshore Vietnam, with commissioning of the CTC-1 wellhead platform. Initial flow from three wells was 11,900 barrels per day. Vietsovpetro has a 55% share in the contract. [image: Vietsovpetro]
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