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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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Insights
28-Jan-19 State-owned Saudi Aramco plans to invest up to USD1.6 bn for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. [image: Reuters / Hamad I Mohammed]
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18-Jan-19 Indian infrastructure conglomerate Adani Group has signed a joint venture with German giant BASF for setting up acrylics manufacturing units costing USD2.25 bn, in its first foray into petrochemicals, and BASF’s largest investment in India to date. [image: AFP]
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Insights
31-Dec-18 Asia's naphtha market looks set to face downside pressure in the first half of 2019 as key producers in the Middle East and Southeast Asia ramp up production, while demand in Northeast Asia could falter during a heavy steam cracker maintenance season. [image: Platts Oil]
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Insights
30-Dec-18 JGC Corp has been awarded the contract for the construction of chemical plants that will be the foundation of a high-performance synthetic-resin manufacturing and sales undertaking in Thailand involving Kuraray, PTT Global Chemical and Sumitomo Corp. [image: JGC Corporation]
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