Refining

IEA: Global oil market may be tighter than it looks

The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency (IEA) said on Friday, as refineries ramp up processing to meet summer travel demand.

India must boost its petchem output to counter China's dominance, Reliance says

India must increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector.

Indian Oil to upgrade Panipat refinery's diesel unit for green jet fuel production

Indian Oil Corp plans to shut the diesel desulfurizer unit at its 300,000-bpd Panipat refinery for an upgrade aimed at producing sustainable aviation fuel (SAF) next year, Arvind Kumar, its head of refineries, said.

Gunvor plans to halt oil terminal activities at Europoort refinery

Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands

Greenergy proposes to close Immingham biodiesel plant in the UK

Digital Exclusive: How to build cyber resilience in the oil and gas supply chain

Society’s dependence on the oil and gas supply chain is well-documented. However, this reliance has given rise to concerning new trends in cyber threats—vital businesses along that chain must be more vigilant than ever about their security postures.

HIF Global announces new design for e-Fuels project in Paysandú, Uruguay

As part of an ongoing dialogue process with the community and the government of Uruguay, HIF Global has presented a revised version of its e-Fuels project in the Paysandú Department.

Refinery closures may lead to higher gasoline prices on the U.S. West Coast

California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures. If realized, the closure of the facilities is likely to contribute to increases in fuel price volatility on the U.S. West Coast.

INNIO Group, Gföllner Group establish JV, offering power solutions to the U.S. market

INNIO Group and Gföllner Group have established a joint venture in the U.S., IGPS (INNIO Gfoellner Power Systems LLC). The joint venture aims to meet the rapidly rising demand for decentralized, flexible, and quickly deployable energy solutions.

Nigeria's Dangote refinery plans 1.6-MMbbl fuel storage tanks in Namibia

Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 MMbbl of gasoline and diesel to supply refined fuel to southern Africa.