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Exxon to Lay Off 300 Workers in Singapore

Mar 03, 2021

Exxon Mobil Corp plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7% amid the 'unprecedented market conditions' resulting from the COVID-19 pandemic, it said on Wednesday.About 300 positions out of 4,000 current jobs will be impacted by the end of 2021, the company said in a statement.The Singapore layoffs come weeks after Exxon announced…

Powerful Earthquake Shuts Down Fifth of Japan's Oil Refining Capacity

Feb 15, 2021

Japanese refiners led by the biggest, Eneos Corp, shut down a fifth of the country's crude oil refining capacity after a powerful earthquake struck northeastern Japan knocking out power, bullet train lines and injuring more than 150 people.The…

Prime Minister Modi: India to Double Refining Capacity in 5 Years

Nov 23, 2020

India plans to nearly double its oil refining capacity in the next five years, Prime Minister Narendra Modi said on Saturday, offering a much more aggressive timeline than previously despite the coronavirus pandemic blighting the economy.The country's energy minister was quoted http://www…

Exxon Committed to Singapore Refinery Expansion

Nov 12, 2020

Exxon Mobil Corp said on Thursday it remained committed to expanding its refining-petrochemical complex in Singapore amid an ongoing review of its projects globally.Along with other oil producers, Exxon has been slashing costs due to a collapse in oil demand and ill-timed bets on new projects…

Shell to Slash Jobs and Capacity at Major Singapore Refinery

Nov 10, 2020

Royal Dutch Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore as part of an overhaul to reduce its carbon emissions.The refinery on Pulau Bukom, a small island in the Southeast Asian city-state…

Japan's Eneos Shuts Osaka Refinery CDU

Oct 02, 2020

Japan's biggest refiner, Eneos Corp, permanently shut the 115,000 barrels-per-day (bpd) crude distillation unit at its Osaka refinery on September 30 as planned, a company spokeswoman said on FridayThe refiner, which was formerly known as JXTG…

Shell to Shut Down Philippine Refinery and Turn It into Import Terminal

Aug 13, 2020

The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country's two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts.Pilipinas Shell Petroleum Corp said its 110…

Taiwan: Fire Hits Formosa's Mailiao Refinery

Jul 15, 2020

Taiwan's Formosa Petrochemical Corp has shut a residue desulfurizer (RDS) unit at its 540,000 barrels-per-day (bpd) Mailiao refinery after it was hit by a fire early on Wednesday, three sources close to the matter said.Mailiao is one of Asia's 10 largest standalone refining plants…

China Grants Zheijang First Private Fuel Export License

Jul 09, 2020

China has granted Zhejiang Petroleum & Chemical Co (ZPC) a license to export refined oil products, making it the first private oil refiner to win such permission, two sources with knowledge of the matter said on Thursday.The license would allow…

Sinopec Starts Up $6B Zhanjiang Refinery Complex

Jun 16, 2020

Top Chinese state refiner Sinopec Corp said on Tuesday it had started up a $6 billion new refinery and petrochemical plant in south China, making it the country's third integrated complex to start operations in the past 18 months or so.The Sinopec venture…

Refineries around Asia Join Chinese Peers in Increasing Production

Jun 10, 2020

Refineries from India to South Korea are expected to increase output from June, joining their Chinese counterparts as the easing of lockdown measures boosts demand for oil products, industry executives said.The average operating rate for refineries in Asia is expected to rise to 75…

China Approves $20B Mega Petchem Complex

Jun 02, 2020

China's state planner has given initial approval for a $20 billion refinery and petrochemical project to be built in Shandong province, the country's hub for independent oil refineries, said two persons with knowledge of the matter.China's National…

Pertamina to Develop Cilacap Refinery without Saudi Aramco

May 29, 2020

Indonesia's PT Pertamina will develop its Cilacap refinery in Central Java 'independently', the state energy company said on Friday, dropping a plan to boost capacity through a joint venture with Saudi Aramco.The two companies have been in talks…

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