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Report Forecasts Global Bioplastics for Packaging Market to Grow by 17% CAGR to 2022

Apr 19, 2017

A report from Smithers Pira expects global bioplastics for packaging industry to be worth $7.2bn, at an average rate of 17% per year between 2017 and 2022. According to the report - The Future of Bioplastics for Packaging to 2022, ...

Tags: Packaging Market, bioplastics, packaging

March Crude Throughput Rises 6% on Year

Apr 18, 2017

China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...

Tags: crude refinery, Oil

China's Apparent Oil Demand up 5.3% in 2017

Apr 8, 2017

China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...

Tags: oil demand, Oil products

China to Restrict Oil Product Exports in H1 2017

Mar 31, 2017

China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...

Tags: Oil Product, Crude Oil

Shell Considering The Sale of Selected Downstream Businesses in Italy

Dec 10, 2016

Shell’s non-service station Lubricants and Marine businesses are not part of this announcement. This announcement also has no impact on the Upstream and Gas & Power businesses in Italy. These businesses present strong growth ...

Tags: Shell, Marine businesses

Shell Moves Forward on New Gulf of Mexico Development at Stones

Dec 10, 2016

The development will start with two subsea production wells tied back to the FPSO vessel, followed later by six additional production wells. This first phase of development is expected to have annual peak production of 50,000 boe/d from ...

Tags: Shell, subsea production

Shell and Showa Shell Sekiyu Supporting Relief Efforts in Japan

Dec 10, 2016

Shell’s Country Chairman for Japan, Chris Gunner, said “Our hearts are heavy as we reflect on the thousands of lives lost and the enormous damage due to the earthquakes and the tsunami. Shell has been part of the Japanese ...

Tags: Shell, Natural Gas

Shell Agrees Sale of Some Downstream Businesses in Norway to ST1

Dec 9, 2016

The sale is subject to regulatory approval and is expected to be completed in 2015. The transaction includes a Retail Brand Licence Agreement which will ensure that Shell’s brand remains highly visible in Norway and that ...

Tags: the sale, the transaction, the deal

Shell Agrees Sale of Downstream Businesses in Australia to Vitol

Dec 8, 2016

The sale covers Shell’s Geelong Refinery and 870-site retail business - along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive ...

Tags: Shell, sale, business

First Quarter 2012 Results and Interim Dividend Announcement

Dec 8, 2016

First quarter 2012 results webcastsRoyal Dutch Shell Chief Executive Officer Peter Voser commented: “We are making good progress against our targets to deliver a more competitive performance. Our profits pay for Shell’s ...

Tags: Shell, good progress, new energy projects

Beijing Expected to End Oil Product Export Quotas

Dec 7, 2016

China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...

Tags: Oil Product, Refiners

China's Non-State Crude Import Quota Unchanged

Dec 4, 2016

China's Ministry of Commerce announced on Thursday that the quota for non-state crude oil imports will stay unchanged at 87.6 million tonnes for 2017. The volume is equivalent to around 26 percent of China's crude imports last year. ...

Tags: Crude, Crude Oil

Analysis: US Crude Exports Hit Record in September

Nov 8, 2016

US crude exports rose 35,000 b/d to a record 692,000 b/d in September after Brent's premium to WTI widened, an analysis of Census Bureau data released Friday showed. Brent's premium over WTI widened from 34 cents/b in May to average ...

Tags: crude exports, crude

SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U. S. Gulf Coast

Sep 28, 2016

SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or ...

Tags: SABIC, ExxonMobil, U.S.Gulf Coast

ExxonMobil to Expand Ultra-Low Sulfur Fuels Production at Beaumont Refinery

Sep 28, 2016

ExxonMobil today announced plans to increase production of ultra-low sulfur fuels at its Beaumont refinery by approximately 40,000 barrels per day, further strengthening its integrated downstream portfolio while meeting environmental ...

Tags: ultra-low sulfur fuels, Beaumont refinery

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