(Paul O'Driscoll/Bloomberg News)

Shell to cut 1,300 jobs in Malaysia over two years

Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions.

President Barack Obama and Chinese President Xi Jinping, right, walk from the West Wing of the White House in Washington, Thursday, Sept. 24, 2015, for a private dinner at the Blair House, across the street from the White House. Xi arrived in Washington late Thursday for a State Visit. (AP Photo/Manuel Balce Ceneta)

China plans to launch national cap-and-trade system

Beijing plans to put a cap-and-trade system in place in 2017 as part of measures aimed to address climate change in cooperation with the U.S. and others.
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

China is stockpiling its own Strategic Petroleum Reserve

The Asian nation has accumulated about 200 million barrels of crude in its reserve so far and aims to have 500 million by the end of the decade.
(SeongJoon Cho/Bloomberg)

Chinese methanol project to break ground in Louisiana

China’s Shandong Yuhuang Chemical Co. formed the Yuhuang Chemical Inc. in Houston last year to develop the large methanol plant in Louisiana’s St. James Parish, which is between New Orleans and Baton Rouge. Methanol is primarily used to make other commercial chemicals.
(Photo: Woodside Petroleum)

Woodside Petroleum offers $8.1 billion for Oil Search

Companies have announced $172 billion of oil and gas acquisitions this year, up from $123 billion a year earlier, data compiled by Bloomberg show.
(DEwira/AFP/Getty Images)

Indonesia will rejoin OPEC after seven-year absence

The Asian nation suspended membership in January 2009 after becoming a net oil importer.
Categories: Asia, Crude oil
CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I signs on to do early engineering for Louisiana chemical plant

South Korea’s Lotte Chemical Corp. and Atlanta-based Axiall Corp. finalized the agreements in June on their LACC joint venture to build an ethane cracker plant in Lake Charles, Louisiana. The cracker would make ethylene, which is the primary building block of most plastics. The plant would produce about 1 million metric tons of ethylene a year.

Commentary: 10 challenges faced by the global LNG market

We recently looked at the restart of the first Japanese nuclear reactor in four years, and assessed its impact on Japanese oil demand. It was somewhat burying the lede, however, not to address the impact on LNG demand. So with Japan’s developments still fresh in our minds, here are ten challenges faced by the global LNG […]
Student Paul Denetdeale practices at a pipe welding school operated by Fluor, a major construction contractor, Feb. 13, 2014 in Houston. Flour is leading training classes for some workers who will eventually learn the skills they need to do pipe welding. The training classes are critical to shore up the construction labor pool.

(Eric Kayne/For the Chronicle)

Fluor forms joint venture with China offshore giant

The energy construction and engineering company is teaming up with the state-owned China National Offshore Oil Corp., or CNOOC, and its subsidiary, the Offshore Oil Engineering Co., to form the new COOEC Flour Heavy Industries Co.
(Photo by Andrew Burton/Getty Images)

Oil prices plummet, then recover, after China’s cash injection

The U.S. benchmark crude on Tuesday morning initially fell by as much as 44 cents, but then it edged back up, rolling 9 cents above its previous settlement, which was the lowest in six years.