Refining
PetroSA partners with China's Sinopec to build new South Africa refinery
South Africa's national oil company PetroSA will partner with China Petroleum and Chemical Corp. (Sinopec) to build a new refinery that was originally planned to produce several thousand barrels of oil a day and cost several billion dollars to build. PetroSA first announced plans for the refinery in 2008.
Phillips 66 licenses technology to Reliance for India gasification project
The planned gasification plants at the massive refining complex in Jamnagar will process petroleum coke and coal into synthesis gas for use as chemical feedstock.
Refinery upkeep costs poised to rise, says Tyco
Refinery maintenance will likely become more expensive in the next few years as operators have to make costly changes to comply with new environmental regulations.
Enterprise, Enbridge finish reversal project for US Seaway crude pipeline
Enterprise Products and Enbridge announced that modifications to the Seaway crude oil pipeline allowing it to transport crude oil from Cushing, Oklahoma to the US Gulf Coast have been completed. The first flows of crude oil into the line are expected to begin this weekend.
Neste Oil produces renewable diesel in Singapore from waste fish fat
Neste Oil has expanded the range of renewable raw materials it uses by producing NExBTL renewable diesel at its Singapore refinery from waste fat sourced by the fish processing industry. Waste fish fat is also accepted as a raw material for renewable fuel in the US, according to the company.
US oil demand rising in gasoline, down for jet fuel
US gasoline deliveries were up 0.9% in April to 8.8 million bpd, monthly API trade data showed, continuing a positive domestic trend for the segment. However, April jet fuel and residual fuel deliveries declined, leading to a 0.3% drop in overall petroleum demand for the month.
Imperial Oil exploring sale of Nova Scotia refinery, may convert to terminal
Imperial Oil will explore selling its 88,000 bpd Dartmouth refinery in Nova Scotia, citing rising global competition and lower demand for refined products. The company, which ExxonMobil holds a majority stake in, said it will also consider conversion to a terminal, as well as other alternatives.
Enbridge to expand Canada, US oil pipeline system
Enbridge said Wednesday it's moving ahead with C$3.2 billion ($3.2 billion) in pipeline expansions, mostly to send more crude oil from Canada and North Dakota to the Midwest and eastern Canada. The expansions will accommodate rising crude oil production in Canada and the western US.
SABIC chief seeks more collaboration for US, Saudi business leaders
Mohamed Al-Mady, CEO of SABIC, is calling for “more productive engagement” between US companies and the Saudi private sector to further enhance business relations.
E15 ethanol fuel can damage auto engines - study
Compared with typical gasoline, issues include damaged valves and valve seats, misfires, lower performance, engine damage, poor fuel economy and increased emissions.
- 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
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
