Refining

Total enters JV, plans ethane cracker and polyethylene unit builds in Texas

PARIS -- Total is entering a partnership with Borealis and Nova to form a JV with the aim of building an ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast. Total is expected to hold a 50% interest in the new JV.

Taiwan's CPC to start trial runs at new refining units in May

SINGAPORE/TAIPEI (Reuters) -- State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year.

Asia refiners snap up cheap light oil to reap higher fuel profits

SINGAPORE/SEOUL (Reuters) -- As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.

Sinopec's 2016 net profit rises 44%, helped by refining

BEIJING (Reuters) -- China Petroleum and Chemical Corp on Sunday reported that 2016 net profit rose 44% to $6.74 billion from a year earlier on the back of strong performances in refining and chemicals.

Tesoro, Western Refining stockholders approve acquisition of Western Refining

SAN ANTONIO, Texas -- Stockholders of both Tesoro Corporation and Western Refining, Inc. voted to approve Tesoro's expected acquisition of Western Refining. At separate special stockholders' meetings, Tesoro stockholders approved the issuance of shares of Tesoro common stock in connection with the expected acquisition, and stockholders of Western Refining approved the adoption of the previously disclosed agreement and plan of merger.

Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts

SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.

Liquidation of Moroccan refinery Samir extended

RABAT (Reuters) -- A Moroccan court has granted an extra month for the liquidation process for Samir, the country's only oil refinery, a court-appointed trustee said on Thursday.

Oman says it could cut crude exports by 15% from June for Sohar refinery

SINGAPORE (Reuters) -- Non-OPEC oil producer Oman has notified customers in Asia that it could reduce supplies of crude by 15% from June to meet demand at a domestic refinery, and as part of its commitment to cut output under a landmark producers' agreement, three people who received the notices said on Friday.

Shell reluctant to part with California refinery amid asset sale

NEW YORK (Reuters) -- Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say.

Indonesia targets to double refinery capacity by 2025

JAKARTA (Reuters) -- Indonesia is targeting to more than double its national refinery crude capacity to around 2.2 MMbpd with a program of upgrades and new developments up to 2025, data presented by state energy company Pertamina on Thursday showed.