Refining News


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PDVSA Cancels Plans to Import US Crude Oil Amid Cash Crunch
Thursday, April 19, 2018 PDVSA was planning to buy 3.5 million barrels of West Texas Intermediate and Domestic Sweet Blend for its Isla refinery in Curacao.

Petrobras Refining Partnership Deals Likely Only in 2019 - CEO
Thursday, April 19, 2018 Petrobras has also unveiled a model for future partnerships in refining.

Oil Traders Try Crude-Pricing Alternatives as US Output Soars
Thursday, April 19, 2018 Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude.

Fluor Racks Up Another Galveston Bay Win
Wednesday, April 18, 2018 Fluor will perform the engineering and procurement scope for Marathon Petroleum's STAR program.

PDVSA Refineries In Venezuela, Caribbean Ran At 31% Capacity In 1Q
Monday, April 16, 2018 Venezuela's oil refineries worked at 31% in the first quarter, according to an internal document from state-run firm PDVSA viewed by Reuters.

Zambia Short-Lists Five Firms For Majority Stake In Oil Refinery
Monday, April 16, 2018 Zambia has short-listed five companies to buy a majority stake in its only oil refinery, a state-owned firm says.

China March Crude Oil Imports 2nd Highest On Record, Fuel Exports Hit High
Friday, April 13, 2018 China's March crude oil imports climbed from a month earlier to the second highest on record.

Iran Oil Arrives In Gdansk As Poland Diversifies Supplies
Friday, April 13, 2018 PKN Orlen says that a shipment of 130,000 tonnes of Iranian crude oil has arrived.

Essar Oil Settles $2.5B Iran Oil Dues, Still Owes About $616MM
Thursday, April 12, 2018 Essar Oil has settled about $2.5B in dues to Iran to cover previous oil purchases and still owes the country, CEO B. Anand says.

Mexico's IEnova To Invest $130MM In Baja California Fuel Terminal
Thursday, April 12, 2018 IEnova will invest about $130 million to develop a refined products terminal.

India, Aramco To Partner On $44B Refinery-Petchem Project
Wednesday, April 11, 2018 Saudi Aramco signs an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India's west coast.

EIA: Crude Stocks Post Surprise Rise As Imports Surge
Wednesday, April 11, 2018 US crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, EIA says.

Uganda Signs Agreement with Investors to Build Oil Refinery
Tuesday, April 10, 2018 Uganda signs an agreement to build and operate an oil refinery in western Uganda that will cost $3 billion-$4 billion, the president's office said.

Crude Processing in Mexico up 9 pct at 834,000 bpd - Pemex CEO
Tuesday, April 10, 2018 Pemex is currently processing about 9 percent more crude oil at its domestic refineries than it did in 2017, Chief Executive Officer Carlos Trevino said.

India Prepared to Give Saudi Aramco 50 pct Stake in Planned Mega Refinery
Tuesday, April 10, 2018 India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery - a move that would give the kingdom a new stable outlet for its oil.

Wood Secures Mongstad Refinery FEED Work
Monday, April 09, 2018 Wood is delivering front-end engineering design services for Statoil's Mongstad refinery near Bergen, Norway.

Shell's Climate Push Fails to Cut Emissions as US Plants Added
Monday, April 09, 2018 Shell plans to spend as much as $2 billion a year on low-carbon energy sources and intends to halve its carbon footprint by 2050.

US Senators Ask Trump to Suspend EPA's Use of Biofuel Waivers
Monday, April 09, 2018 Five Republican senators called on Trump to temporarily halt the use of biofuels policy waivers for small oil refineries, after reports the Environmental Protection Agency had issued a recent wave of such exemptions.

As Prince Visits, Saudi Aramco to Sign $10 bln of Deals in France
Monday, April 09, 2018 Saudi Aramco will sign eight deals worth $10 billion with French firms, the chief executive of the state-run oil giant said.

Three Reasons Why You Should Automate Your Emergency Response Technology
Friday, April 06, 2018 Quickly and effectively responding to potential serious incidents is a major challenge for the oil and gas industry.

Philadelphia Energy Solutions Gets Court Nod Over RINs Burden Relief
Thursday, April 05, 2018 A federal bankruptcy judge approved a settlement between Philadelphia Energy Solutions and the US Environmental Protection Agency.

Bahrain's Bapco Approaches Banks For Multi-Billion Refinery Expansion
Thursday, April 05, 2018 Bapco approaches banks to sound their appetite for the financing needed to back the capacity expansion of the existing refinery.

Saudi Aramco, Total to Sign Refinery Expansion Deal Next Week - Sources
Thursday, April 05, 2018 State oil giant Saudi Aramco and French oil major Total plan to sign an agreement next week for the expansion of their joint venture refinery in Saudi Arabia, sources familiar with the matter told Reuters.

Greece, Paneuropean Oil Agree To Divest In Hellenic Petroleum
Wednesday, April 04, 2018 Greece and Paneuropean Oil and Industrial Holding agree to divest a combined stake of at least 50.1% in Hellenic Petroleum, Greece's biggest oil refiner, via an international tender.

US Ethanol Groups Bristle As EPA Frees Refiners From Biofuels Law
Wednesday, April 04, 2018 The EPA granted 25 small oil refineries hardship waivers from the nation's biofuel laws in 2017, according to an agency source.

EIA: US Crude Stocks Drop As Refineries Boost Output
Wednesday, April 04, 2018 US crude stocks fell unexpectedly last week as refineries hiked output, the Energy Information Administration says.

Time to Regulate Social Media's FANG?
Tuesday, April 03, 2018 Should Facebook, Google and others be regulated like natural gas utilities?

Japan's Showa Shell Sees Q2 Crude Refining Down 1 pct y/y
Monday, April 02, 2018 Japan's Showa Shell Sekiyu KK said its group refineries would refine 1 percent less crude for the local market in April-June compared with a year ago, in line with their outlook for domestic demand.

S.Korea's Hyundai Oilbank Buys First Norwegian Condensate - Sources
Monday, April 02, 2018 South Korean refiner Hyundai Oilbank Corp has bought its first ever Norwegian condensate cargo as it sought supplies from outside Asia to replace Iranian barrels, two sources with knowledge of the matter said.

Indonesia To Offer Investors A Simplified Tax-Holiday Program
Friday, March 30, 2018 Indonesia will unveil a simplified scheme for tax holidays next week and Pertamina should be among the first to benefit, government officials says.

Kemp: China's Crude Oil Futures Contract Should Confound The Skeptics
Friday, March 30, 2018 China's new crude oil futures contract has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed.

Shanghai Oil On Par With US Market As Local Traders Bet On Lower Prices
Thursday, March 29, 2018 Shanghai crude oil futures fell further and were at parity with the US market.

US Refiners Sitting on a Mountain of Partially Processed Gunk
Thursday, March 29, 2018 US stockpiles of 'unfinished oils' are sitting at the highest levels since 2007.

Asia's Production, Consumption of Natural Gas Set to Prosper
Wednesday, March 28, 2018 Asia's production and consumption of natural gas will prosper over the coming years, according to oil and gas analysts at BMI Research.

Saudi Aramco Finalizes Refinery Deal With Malaysia's Petronas
Wednesday, March 28, 2018 Saudi Aramco finalizes a deal with Malaysian state energy company Petronas.

EIA: US Crude Stockpiles Build Unexpectedly As Imports Jump
Wednesday, March 28, 2018 US crude oil stockpiles rose unexpectedly last week as imports soared.

UAE's ADNOC Awards $3.5B Contracts To Samsung Engineering
Monday, March 26, 2018 ADNOC says it has awarded two contracts to South Korea's Samsung Engineering.

Three Automotive Innovations That Could Change US Refining
Monday, March 26, 2018 Refiners already have two built-in resources to help weather major demand shifts.

Sinopec Inks First Deal To Buy Oil Priced Off Shanghai Crude Futures
Monday, March 26, 2018 Unipec has inked a deal with a western oil major to buy Middle East crude priced against the newly-launched Shanghai crude future.

US Justice Dept Files Objection to Philadelphia Refiner Bankruptcy
Thursday, March 22, 2018 DOJ is not alone in its objections.

Six Dead After Blast At Czech Refinery
Thursday, March 22, 2018 An explosion killed six people at a refinery in the Czech Republic, rescue officials say.

Top India Refiner Is Said to Invest $3.5B to Expand
Thursday, March 22, 2018 India's biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning April 1.

Rich Rewards Await Top Oil Refiners as Ships Made to Switch Fuel
Wednesday, March 21, 2018 The world's most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume.

Iran Inches Closer To Dream Of Gasoline Independence
Wednesday, March 21, 2018 Iran has sharply reduced its gasoline imports in recent weeks after starting up a new refinery, trade sources say.

EIA: US Crude Oil Stockpiles Fall In Week As Imports Drop
Wednesday, March 21, 2018 US crude oil stockpiles fell unexpectedly last week as imports dropped and refining rates jumped.

Iraq Mulls Building an Island to Boost Oil-Exporting Capacity
Monday, March 19, 2018 OPEC's second-biggest producer is ramping up efforts to expand capacity to pump and export oil.

Filing: Pennsylvania Says Bankrupt Refiner Owes $3.8B In Taxes
Monday, March 19, 2018 The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES).

Iraq's Oil Ministry Calls For Investors For Anbar Refinery
Thursday, March 15, 2018 Iraq's oil ministry calls on companies to invest in a project to build a 70,000 barrel-per-day oil refinery in the western province of Anbar.

Venezuela's Crude Sales To US Falls To 15-Year Low In February
Thursday, March 15, 2018 Venezuela's crude exports to the United States declined in February to a 15-year low.

Top Indian Refiner Eyes $1.5 Billion Savings With Own Plant Tech
Wednesday, March 14, 2018 India's biggest oil refiner has developed refining processes that may help it save at least $1.5 billion in costs.

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