Europe
McKinsey report forecasts global refining capacity growth to exceed demand until 2020
LONDON, UK -- McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that until 2020, global refining will move towards lower utilization and margins as capacity growth exceeds demand. Post-2020 market conditions are expected to improve with higher demand for distillates due to marine pollution (MARPOL) regulations.
Outages brighten European refineries' year-end profit prospects
LONDON (Reuters) -- European oil refiners are enjoying healthy profits in the fourth quarter compared with other regions due to unplanned maintenance in the Atlantic basin that has eroded inventories, offsetting typically weaker year-end demand.
Saras shuts down catalytic reforming unit at refinery for failure
(Reuters) -- Italian refiner Saras said that due to a failure, it was necessary to shutdown one of the two Catalytic Reforming units of the Sarroch refinery (the CCR unit), which produces high-octane gasoline blending components, as well as hydrogen to be used in the desulphurisation processes, due to a failure.
EU lawmakers postpone vote on carbon market reform until Dec. 15
BRUSSELS (Reuters) -- A vote by European lawmakers on an overhaul of the EU's Emissions Trading System (ETS) will be postponed until Dec. 15 because major parties remain divided over how far the reforms should go, EU sources said on Monday.
thyssenkrupp signs agreement to build new PET production plant in Russia
thyssenkrupp Industrial Solutions, a partner for the engineering, construction and service of industrial plants and systems, has signed an agreement with the Russian jointstock company Polyester Plant Ivanovo to build a new PET polymer and staple fibre production plant.
FMC, Technip announce Brazilian antitrust clearance of merger
HOUSTON and PARIS – FMC Technologies, Inc. and Technip today announced that the pending combination between the companies has received a clearance decision issued by the General Superintendent of the Administrative Council for Economic Defense (CADE), the Brazilian antitrust authority. The decision is subject to a 15-day waiting period.
Johnson Matthey named in top 10 most admired companies list
Johnson Matthey was named as Britain's Most Admired Chemicals Company for the third year running, and is fifth most admired overall. This year's most admired company is Cambridge based computer chip designer ARM.
Fire breaks out at Eni's Sannazzaro refinery
ROME/MILAN (Reuters) -- A fire broke out at Eni's Sannazzaro De' Burgundi oil refinery in northern Italy on Thursday afternoon, the oil major said, adding there were no reported injuries.
Hellenic Petroleum plans Elefsina refinery turnaround in 2Q of 2017
Hellenic Petroleum plans maintenance work at its 100 Mbpd Elefsina refinery in 2Q next year.
Air Products delivers hydrogen generator to Russian biorefinery
Air Products recently made delivery of its 40th PRISM Hydrogen Generator, which provides economical on-site gas production for a broad range of supply requirements.
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- Several injured in fire at Haldia Petrochemicals' plant in eastern India 6/30
- Shell forecast: Global LNG demand expected to grow by 65% by 2050 6/30
- INEOS Enterprises completes sale of its ultra-pure sulfur dioxide and derivatives business to Ecovyst 6/30
- Neste to invest over €400 MM in Porvoo refinery maintenance turnaround 6/30
- Middle East producers push on with oil and LNG loadings despite ship attacks 6/30
