Refining
Digital Feature (sponsored): Three questions oil and gas companies should ask to improve their operations risk management
The article will discuss the five broad categories that most of this industry’s risk falls under and address the three—equally important—areas that can have a major impact on the quality of an oil and gas company’s overall operations risk management (ORM) strategy.
Nextchem awarded engineering/technology services contract from SATORP (Saudi Arabia)
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary NextChem Tech, has been awarded a three-year contract by SATORP – a JV between Saudi Aramco and TotalEnergies – to provide engineering and technology services related to the sulfur recovery complex of SATORP’s refinery in Jubail, Kingdom of Saudi Arabia.
PBF Energy's Martinez refinery (California, U.S.) repairs to cost $30 million
Independent U.S. refiner PBF Energy said it is starting repairs at its fire-damaged 156,400-bpd Martinez refinery in California and estimates the cost of repairs to be $30 million.
LNG retrofits surge as maritime industry seeks short-term carbon reduction solutions
A surprising development in 2024 was the resurgence of LNG retrofits as shipowners sought immediate carbon reductions to navigate regulatory requirements. More than 305 LNG-fueled ships were ordered last year, accounting for approximately 14% of newbuilding orders, significantly outpacing methanol and ammonia alternatives.
Sparta Commodities launches advanced fuel oil intelligence tools to empower global traders
Designed specifically for traders and analysts, this new vertical introduces live blending intelligence, dynamic arbitrage tracking, and AI-driven analytics, providing actionable intelligence across global fuel oil blending and bunkering hubs.
New Sherwin-Williams Advanced Energy Barrier eliminates threat of corrosion under insulation
Sherwin-Williams’ Heat-Flex® Advanced Energy Barrier (AEB) tackles corrosion under insulation (CUI), effectively eliminating the costly and dangerous phenomenon of steel assets corroding underneath insulation systems. The coating replaces the bulky mineral-based insulation that is traditionally used on storage tanks, process vessels and piping to retain process heat.
EIA: U.S. butane exports reached a new record in 2024
The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges.
Fire put out at oil refinery in Baku (Azerbaijan)
A fire at a 130,000-bpd oil refinery in Azerbaijan's capital Baku was extinguished on Wednesday, emergency cervices said.
Key U.S. energy data trends to track as tariffs kick in
Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of new steep tariffs on the United States' largest trade partners, which kicked in on Tuesday.
EIA: Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026
In 2026, the U.S. Energy Information Administration (EIA) forecast that inventories of the three largest transportation fuels in the U.S.—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000 in its February Short-Term Energy Outlook.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
