Refining
Invensys to supply refining simulators for KBR
Invensys will supply simulation software to help KBR best model its process technology, which KBR will use in design proposals to customers and on technology licenses.
Aramco, Total ship first refined product cargo from new Jubail complex
SATORP, a joint venture of Saudi Aramco and Total, has begun shipping refined products from the Jubail complex in Saudi Arabia. The full conversion of the Jubail complex is designed to refine 400,000 bpd of oil to produce high grade automotive fuel. It is scheduled to be completed by late 2013.
INEOS workers vote to strike at Grangemouth refinery in Scotland
More than 81% of workers at INEOS' Grangemouth refinery in Scotland have voted to strike, according to a Friday news release from local trade union group Unite. The Grangemouth refinery can process 210,000 bpd of crude, with roughly 30% of its output as distillates, according to Bloomberg.
Brazil to raise gasoline, diesel prices by 5%
Petrobras sells gasoline at about a 30% discount to international benchmark prices, with the government reluctant to authorize higher prices for fear of stoking inflation. The subsidized fuel sales have caused steep losses in Petrobras's refining division, thus raising concerns over investment plans.
Petrobras open to restoring PdVSA refinery plan
PdVSA is welcome at the Abreu e Lima refinery project under the planned JV model, the Petrobras CEO said. But, she added, PdVSA must first cut a check for about $6.8 billion to cover the firm's 40% stake in the $17 billion project. An alternative solution would be to pay in oil.
Dubai enlists China Sonangol to build oil refinery
The refinery's output of oil products would be enough to meet local consumption and will also allow the emirate to export to international markets, the government said in an emailed statement.
Pemex picks ICA Fluor to expand distillates output at Mexican refinery
ICA Fluor will be responsible for the basic and detailed engineering for the process plants, auxiliary services and integration works required to raise the refinery’s distillate production from 63% to 80%.
Marathon puts out fire at Galveston Bay refinery
The fire in the 451,000 bpd refinery's hydrotreater unit burned for about a half-hour on Monday. The refinery, formerly known as BP Texas City, has had numerous problems in recent years.
Petrobras cancels partnership with PdVSA on new north Brazil refinery
Petrobras has been building the refinery on its own after PdVSA repeatedly missed deadlines to provide cash and loan guarantees to cover the Venezuelan firm's portion of the $20 billion project.
Indonesia could drive gasoline markets by 2018
Indonesia’s gasoline deficit and imports will exceed the US and Mexico, reversing trade flows and replacing the US as the main driver of global gasoline trade and prices.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- Indonesia allocates 15.65 MM kiloliters of biodiesel for 2026 12/23
