Refining

Aspen Technology launches microgrid management system to address power reliability and meet net-zero goals

Aspen Technology introduced the AspenTech Microgrid Management System™, a solution for customers with heavy electrical power requirements in refining, chemicals, mining and other asset-intensive industries that manage their own on-site conventional and renewable power generation in orchestration with active load management and energy storage.

Digital Feature: Refiner improves operational technology risk measurement and management: A Case Study on addressing the cyber risks in the oil and gas industry

This case study details how a U.S.-based Fortune 50 petroleum refiner used proprietary technology to improve operational technology (OT) cybersecurity. By automating asset inventory and vulnerability assessments, the company reduced manual processes, enhanced visibility into cyber risks and improved safety, ultimately saving millions of dollars in program costs.

Russia considers diesel export ban for non-producers

Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies.

Turkey, Brazil are main buyers of Russian seaborne diesel after EU embargo

Turkey and Brazil have been the main importers of Russian seaborne diesel and gasoil since the European Union banned the import of Russian oil products.

Nextchem signs agreement with KazMunayGaz for SAF project in Kazakhstan

NEXTCHEM and KazMunayGas-Aero have signed an agreement to collaborate on advancing energy transition initiatives, leveraging on NEXTCHEM’s proprietary technology portfolio and process engineering capabilities.

Consortium to purchase CB&I from McDermott

A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.

Russia's Tuapse oil refinery suspends processing due to low margins

Shell's Q3 refining margins drop sharply

Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.

Iraq's Kerbala refinery non-operational due to maintenance

Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.

Eni may sell more stakes in renewable, biofuel units retaining majority

Italy's Eni will decide about additional stake sales in its renewable and biofuel units, its CEO said, keeping in mind that it wants to list them on the stock market and retain the majority of their capital.