Refining
India MRPL makes its first US oil purchase
NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.
China crude oil imports to rebound in January on quotas, low stocks
SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.
JXTG Nippon selects AspenTech supply chain software
BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that JXTG Nippon Oil and Energy, the largest oil company in Japan, has selected the company’s aspenONE Petroleum Supply Chain software as its preferred optimization solution for economic and operational planning.
Saudi Aramco, SABIC to develop crude oil to chemicals complex
Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the front-end engineering design (FEED) before a final investment decision is made.
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.
Thai Oil's refinery to produce only clean fuels from 2022
SINGAPORE/BANGKOK (Reuters) — Thailand’s largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-B upgrade that will boost output of clean fuels, officials said.
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.
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
ExxonMobil CEO makes first big changes to refining
HOUSTON (Reuters) — ExxonMobil Corp Chief Executive Darren Woods is reorganizing the company's refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday.
Hellenic Petroleum sees adjusted EBITDA above €947 MM this year
ATHENS (Reuters) — Greece’s largest oil refiner Hellenic Petroleum expects its core profit to exceed $947.84 MM this year, Chairman Efstathios Tsotsoros said on Thursday.
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- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
