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Oil giant Sinopec sets up entity to invest in overseas refineries as it eyes global expansion in the face of waning Chinese demand

China’s Sinopec is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau.

Japan , Xinjiang , Jiangxi , China , Brazil , South-africa , Saudi-arabia , Yanbu , Al-madinah , United-kingdom , Sri-lanka , France

Ampol posts record full-year profit, lifts dividends

Sanctions on Russia and a recovery in global demand for oil products drive Ampol to record year.

Australia , Perth , Western-australia , Brisbane , Queensland , Russia , Russian , Exxonmobil-altona , Viva-energy ,

Bunkerworld News - Australia to ban imports of Russian crude oil, refined oil products from April 25

Bunkerworld News - Australia to ban imports of Russian crude oil, refined oil products from April 25
bunkerworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bunkerworld.com Daily Mail and Mail on Sunday newspapers.

Malaysia , Australia , Taiwan , Japan , Singapore , China , Kwinana , Western-australia , Russia , South-korea , Russian , Exxonmobil-altona

Markets live, Wednesday April 13, 2022

The latest ASX live news from the Market Live team, including live ASX price, live ASX company news, and more.

Australia , Kwinana , Western-australia , Brisbane , Queensland , Australians , Scott-wyatt , Exxonmobil-altona , Altona-lytton , Angus-taylor , Viva-energy , Shell

First Boost to Secure Emergency Oil Stockpiles in Australia

The Australian government has delivered its first payment to local oil refineries as part of a pledge to ...

Australia , Perth , Western-australia , Kwinana , Canberra , Australian-capital-territory , Australian , Hunter-laidlaw , Michael-shoebridge , Ampol-lytton , Daniel-teng , Exxonmobil-altona

Ampol makes $2b bid for NZ fuel company Z Energy

Australian fuel supplier Ampol has lobbed a $2 billion bid to take over New Zealand’s Z Energy in a move to expand its reach as the company returns to profitability.

Australia , Perth , Western-australia , Exxonmobil-altona , Viva-energy , Morrison ,

Australian Fuel Security Undermined by 'She'll Be Right' Attitude

Australian Fuel Security Undermined by ‘She’ll Be Right’ Attitude
Experts are warning that Australia’s pursuit of efficiency coupled with a “she’ll be right” attitude has put the country’s fuel supply in danger. Many are also concerned that the federal government’s recent efforts to address the problem are not enough to eliminate any vulnerabilities.
The comments come as the Australian Parliament looks set to pass the Fuel Security Bill 2021, which will compel the oil industry to maintain stock levels above a certain threshold and solidify a government pledge to subsidise local refining operations.
Anthony Richardson, a research fellow at the Future Social Service Institute at the Royal Melbourne Institute of Technology, said Australian supply chains had been too focused on keeping costs low, which has eroded the resilience of the system.

Australia , Taiwan , United-states , India , Yatala , Queensland , Singapore , China , Kwinana , Western-australia , Melbourne , Victoria

Sarens completes revamp of LNG plant in Algeria

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Algeria, a north African country with huge potential in the hydrocarbon and petrochemical industries, has recently completed the process of approving texts for its new hydrocarbon law as it looks to rake in investments in the sector. Algeria, one of the most important producers of oil and gas in Africa, counts on their hydrocarbon sector which accounts for 28% of GDP and 98% of all exports according to reports by its government.
After long delays in getting the law approved, the country sees light at the end of the tunnel and looks to attract critical foreign investments in the industry as it faces declines in exports and revenue. Sarens, a global leader and reference in heavy lifting and transport entered the petrochemical market in Africa with a goal of supporting maintenance and construction projects at crucial refineries and facilities in the industry.

Melbourne , Victoria , Australia , Arzew , Oran , Algeria , India , Nigeria , Garima-khanna , Exxonmobil-altona , Bloomberg , Hydrocarbons-law

China-Australia relations: Beijing set to dominate refined oil exports in Asia-Pacific region, observers say

China-Australia relations: Beijing set to dominate refined oil exports in Asia-Pacific region, observers say
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

China , Beijing , Australia , Kwinana , Western-australia , India , South-korea , Singapore , Australian , Chinese , Julie-torgersrud , Ampol-lytton

ASX 200 higher as Federal Government brings forward lifeline for oil refineries

ASX 200 closes high as statistics show Aussie shoppers likely to remain online due to pandemic
Posted
MonMonday 14
updated
MonMonday 14
New statistics show Australians remain apprehensive about shopping in large complexes due to COVID-19.
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The Australian share market has risen slightly, led by the major banks, after NAB's sale of MLC was cleared by the competition watchdog.
Key points:
Healthcare stocks fell for a third straight session to their lowest in two months
Shares in NAB were higher after the competition regulator gave the green light to IOOF's $1.4b purchase of NAB's wealth division
Crown Resorts shares rose despite Maurice Blackburn launching a second class-action lawsuit against the casino giant

Australia , China , Germany , Brisbane , Queensland , Michigan , United-states , Australian , German , Moncef-slaoui , Maurice-blackburn , Ampol-lytton