Europe
Industry Perspectives: New downstream project announcements drop 14% in 2017
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 770 new projects have been announced over the past 3 yr.
Global: Increase in Russian fuel excise tax may hit refinery profitability
The Russian government’s recent decision to raise the excise tax on motor fuel by 1 RUB/l in 2018 may lead to serious losses for the country’s domestic refining industry.
Editorial Comment: Hydrocarbon Processing forecasts $361 B in total HPI spending in 2018
What is the state of the global hydrocarbon processing industry (HPI)?
Details on high-impact refining and petrochemical projects presently under construction, as chosen by HP editors and readers
The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals.
Total completes upgrade of Antwerp refining, petchem platform
PARIS — Total has inaugurated the new units at its Antwerp integrated refining & petrochemicals platform, which have progressively started up in the last few months.
OPEC agrees oil cut extension to end of 2018
VIENNA (Reuters) — OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats.
Oil slips on OPEC deal uncertainty and rising US inventories
LONDON (Reuters) — Oil prices slipped on Wednesday as doubts set in about Russia's willingness to substantially extend a deal among some of the world's biggest exporters to curb output to help tackle global oversupply and support prices.
ICRC buying fuel to pump clean water in Yemen as "last resort"
GENEVA (Reuters) — The International Committee of the Red Cross (ICRC) said on Wednesday it was making a "stop-gap" purchase of fuel so as to provide clean water to one million people in the Yemeni cities of Hodeidah and Taiz for one month.
Exxon: $1 B Antwerp clean fuels unit will be running by mid-2018
LONDON (Reuters) — ExxonMobil expects a new $1 B fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company said on Tuesday.
Rosneft, Pertamina set up JV for Tuban refinery project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in Tuban in the East Java province of Indonesia.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announces $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
