Refining
Trafigura buys downstream oil assets in Argentina
LONDON (Reuters) — Commodities trader Trafigura said it has agreed to buy an oil refinery, more than 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA.
Mauritius turns to Saudi fuel cargoes after court bans Indian supplies
PORT LOUIS/NEW DELHI (Reuters) — The island-nation of Mauritius has started buying fuel from Saudi Arabia’s state-owned oil company Saudi Aramco after a court ordered a ban on Indian fuel supplies because of a dispute between the country and a shipping firm.
Sinopec's Jinling plant ships first bitumen cargo to Hawaii
BEIJING (Reuters) — Sinopec Corp’s Jinling refinery in eastern China shipped a cargo of bitumen, a heavy oil product used mainly in road paving, to the state of Hawaii for the first time, according to a report on Friday on the website of the State-owned Assets Supervision and Administration Commission (SASAC).
China's Nov crude imports rise to 2nd highest on record
BEIJING (Reuters) — China’s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar, customs data showed on Friday.
Russian oil refining seen at 280 MMt in 2017, 2018
MOSCOW (Reuters) — Russian oil refining is expected at around 280 MMt this year, remaining at around the same levels in 2018, deputy energy minister Kirill Molodtsov told reporters.
Alfa Laval awarded $6.5-MM heat exchanger order
LUND, Sweden — Alfa Laval—a company in heat transfer, centrifugal separation and fluid handling—has won an order to supply Alfa Laval Packinox heat exchangers to a refinery in the Middle East.
CB&I awarded EPC contract for Aramco, Shell refinery
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract for more than $95 MM by Saudi Aramco Shell Refinery (SASREF).
South Korean refiners conclude 2018 gasoil, jet fuel term contracts
SINGAPORE (Reuters) — South Korean refiners Hyundai Oilbank and GS Caltex have concluded their 2018 term contracts to sell gasoil and jet fuel, traders said on Thursday.
Re-emerging supply, lower demand push down oil refining margins
SINGAPORE (Reuters) — Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing supply and faltering demand, retreating from stubbornly elevated levels at the start of the quarter.
Poland refiner buys another crude oil shipment from Gulf Coast
WARSAW (Reuters) — Poland’s second-largest oil refiner Grupa Lotos has bought a second crude oil shipment from the United States as part of a plan to reduce its reliance on Russian oil supplies, it said on Wednesday.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
