Refining
Chevron looks to sell 75% stake in South African downstream business
In addition to the 110,000-bpd Cape Town refinery, Chevron also has interests in the Durban lubricants plant on the country's East Coast and a network of service stations.
India approves HPCL’s Visakh refinery expansion
The environmental clearance will allow Hindustan Petroleum (HPCL) to expand its Visakhapatnam refinery in Andhra Pradesh from 8.33 MMtpy to 15.0 MMtpy.
US gasoline inventories rise more than expected, but distillate fuels fall
Crude inventories rose by 4 million bbl for the week, compared with analysts' expectations for an increase of 2.8 million bbl. Oil inventories climbed to the highest level since 1990.
Iran agrees to supply oil to Greek refiner Hellenic
The agreement was announced after Iran’s Deputy Oil Minister Amir Hossein Zamaninia had discussed potential energy co-operation with Greek Energy Minister Panos Skourletis earlier on Friday.
US refiner Tesoro to boost processing of biocrude
Converting renewable biomass into biocrude is expected to enable existing refining assets to produce less carbon-intensive fuels at a lower capital and operating cost than competing technologies.
Flint Hills to build new Texas ethanol terminal
The Buda ethanol terminal will have a rail spur, two storage tanks, a truck-loading rack, water storage, and an operations building. Investment terms were not immediately disclosed.
Valero extinguishes fire at Indiana ethanol plant
There were no injuries in the fire early at the 110 million gal/year plant in Mount Vernon, Valero spokesman Steven Lee said. He declined to elaborate on the facility's operational status.
Rosneft, BP to dissolve German refining venture
After restructuring later this year, Rosneft will become a direct shareholder in the Bayernoil refinery and raise its stake in it to 25% from 12.5%, according to the report. Rosneft also plans to increase its stake in the MiRO refinery to 24% from 12%, and in the PCK refinery to 54.17% from 35.42%.
ExxonMobil selects Lockheed Martin as partner on downstream automation
Working with Lockheed Martin, ExxonMobil’s goal is to design a new architecture that will control and optimize refining and chemical manufacturing facilities while enabling future equipment and information services such as preventative maintenance and fleet optimization.
Neste Jacobs to deliver operator training simulator for Porvoo refinery units
After the new simulator has been commissioned in spring 2016, it will be maintained and kept up-to-date with the real plant by utilizing Neste Jacobs' customer support simulator environment.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
