Refining

UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now

Britain's insolvent Lindsey oil refinery has secured some crude supplies to stave off immediate closure, the UK energy ministry said, but a source familiar with the situation said the agreement with supplier Glencore was limited.

Brazil's energy minister hints at possible fuel price cuts

Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.

Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September

A fire-damaged hydrotreater at Marathon Petroleum's Galveston Bay refinery in Texas (U.S.) will remain shut until September, sources familiar with plant operations said.

Saudi Arabia, Indonesia sign several deals worth around $27 B

Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.

Angola hikes diesel price again to bolster public finances

Angola hiked the diesel price by one-third from Friday as part of the government's drive to curb costly subsidies and shore up public finances.

KHIMOD raises €23 MM to accelerate its growth

KHIMOD, a French climate-tech company that specializes in producing low-carbon synthetic molecules and valorizing carbon dioxide (CO₂), has announced a €23-MM funding round.

Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector

Digital Feature: The critical interdependency of relief valve analysis and flare system considerations during HAZOP

Hazard and operability (HAZOP) studies are a systematic and structured methodology used to identify potential hazards and operability issues in industrial processes. One of the key safeguards often considered in HAZOP studies is pressure relief valves and flare systems to mitigate overpressure scenarios.

U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude

Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

Shell flags profit hit from weakness in gas trading and chemicals business

Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.