Refining
U.S. awards contracts for 1 MMbbls of gasoline sale to five firms
The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.
As Nigeria's gasoline debt hits $6 B, some traders back out
Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs.
Icahn-owned oil refiner CVR bidding in Citgo share auction
Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the parent of Venezuela-owned Citgo Petroleum.
EIA: U.S. crude stocks, gasoline and distillate inventories fall
U.S. crude stocks, gasoline and distillate inventories fell in the week ending June 28, the U.S. Energy Information Administration (EIA) said on Wednesday.
Update: Idemitsu Chiba CDU operating normally after lubricant plant's fire
Lubricant shipments from Idemitsu Kosan's Chiba refinery, near Tokyo, have been suspended due to a fire on Tuesday, but other facilities including a crude distillation unit (CDU) are operating normally.
Oryx Group signs lease to operate Curacao's oil terminal
A unit of Hong Kong-headquartered energy firm Oryx Group has reached an agreement with Curacao's refinery to lease and operate storage facilities on the Caribbean island for 30 yr.
Shell to temporarily pause on-site construction of 820,000-tpy European biofuels facility
Shell Nederland Raffinaderij B.V. will temporarily pause on-site construction work at its 820,000-tpy biofuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands to address project delivery and ensure future competitiveness given current market conditions.
Sponsored: Ultipleat High-Fow filter systems: High-performance filtration for large-flow applications in a compact design
With an innovative crescent-shaped pleat design, each Ultipleat High Flow filter is a single cartridge that fully utilizes all media for solids collection across multiple applications. Ultipleat High Flow filters provide exceptional filter service life when dealing with low fluxes and higher levels of incoming contaminants, reducing the number of filter changeouts and lowering the cost of replacement cartridges and disposal of spent filters.
Neste enables North Brunswick to be the first township in New Jersey (U.S.) to transition to renewable diesel
Neste announced a partnership with the Township of North Brunswick in New Jersey. The partnership enables all of North Brunswick’s diesel vehicles and equipment to switch to running on renewable diesel, making it the first township in the state to use renewable diesel for its fleet operations.
Damper subsidy to oil refiners in Russia set to decline 4.5% to $1.7 B in June
Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 B roubles ($1.7 B) in Russia in June from May due to global gasoline price rises and a weaker rouble.
- 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 announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
