Economics
ExxonMobil sells French Fos-sur-Mer refinery to Trafigura consortium
ExxonMobil's Esso division has completed the sale of the Fos-sur-Mer refinery - one of France's major refineries - and two other oil terminals to Trafigura consortium firm Rhone Energies.
Prompt engineering: Extracting operational excellence knowledge from AI—Part 2
Prompt engineering elaborates precise instructions to guide large language models towards generating specific, desired outputs, and offers significant potential for optimizing processes, solving complex problems and improving operational efficiency in refineries and petrochemical plants. In Part 2, the practical applications of these advanced prompt engineering techniques in various aspects of refinery operations will be explored. Examples include key areas where RAG implementation with specific plant information would be highly beneficial.
Cepsa becomes Moeve
Cepsa has announced its name change to Moeve, marking a historic milestone in the company’s transformation.
Refiner PBF Energy posts bigger-than-expected 3Q loss as margins collapse
PBF Energy posted a bigger-than-expected 3Q loss on Thursday as the U.S. refiner took a hit from weak fuel demand that shrunk refining margins.
Shell's $6-B profit smashes forecasts as LNG offsets weak refining
Shell reported on Thursday 3Q profits of $6 B that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.
Aramco, Petrovietnam sign Collaboration Framework Agreement for increased petrochemicals trade
The framework agreement signed by Aramco and Petrovietnam will explore opportunities for cooperation in storage and the supply and trading of energy and petrochemical products
TotalEnergies studies Moroccan project to export green ammonia to Europe
TotalEnergies will study plans for a renewable energy project to produce hydrogen and ammonia in Morocco for delivery to Europe, which is seeking to increase use of the fuels as part of its energy transition.
U.S. gasoline stockpiles hit 2-yr low on stronger demand
U.S. gasoline stockpiles fell unexpectedly last week to a 2-yr low on strengthened demand, the U.S. Energy Information Administration (EIA) said on Wednesday, while crude inventories also posted a surprise drawdown as imports slipped.
Mexico's Pemex posts wider third-quarter loss, hit by weaker peso
Mexican state-owned oil company Pemex reported a deeper $8.2-B 3Q net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government.
Vietnam says Saudi Aramco wants to invest in oil refining, petrol distribution
Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian country's government said in a statement issued late on Tuesday.
- EU warns of prolonged energy shock, forced cuts if Iran war continues 4/15
- Europe's summer flights at risk as Iran war exposes refining decline 4/15
- Slovak refiner says no deal yet on Adria pipeline tests 4/15
- Japan's weekly gasoline prices largely flat as subsidies offset price spikes 4/15
- Botswana has not requested stake in Lobito refinery, Angola's Sonangol says 4/15
- Tasnee announced delay to SEPC's ethylene/polyethylene plant expansion project 4/15
