Oil traders expect Asia to import more Venezuelan crude if US sanctions kick in

SINGAPORE/HOUSTON (Reuters) — Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

Former Mexico oil chief denies taking bribes from Odebrecht

MEXICO CITY (Reuters) — The former head of Mexican state oil company Pemex, Emilio Lozoya, "categorically denied" allegations he received $10 MM in bribes from Odebrecht in exchange for awarding the Brazilian company a contract at a refinery.

Calumet Specialty Products to sell Superior refinery, related assets

INDIANAPOLIS — Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuels products, announced that it has signed definitive agreements to sell the ownership of its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding Corporation, a wholly owned unit of Husky Energy.

CB&I awarded storage project for Saudi Aramco refinery

THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.

Distillates to boost US refiners' bottom line through year-end

NEW YORK (Reuters) — US refiners such as PBF Energy and Valero Energy are heading into the winter season on their best footing in years, as months of surprisingly robust distillate demand has eaten away at stubbornly high inventories and boosted margins.

China refinery runs at 10-mth low amid inventory glut

BEIJING (Reuters) — Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war.

Andeavor unit to buy Western Refining Logistics for $1.5 B

(Reuters) — US pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP for $1.5 B as it seeks to expand into the Permian Basin in Texas and New Mexico.

Tüpraş selects Jacobs sulfur recovery Technology for three refineries

DALLAS — Jacobs Engineering Group Inc.’s proprietary EUROCLAUS sulfur recovery technology was selected by Tüpraş for its new sulfur recovery units that will be installed in the company’s Izmit, Izmir and Kirikkale refineries in Turkey.

Jacobs signs construction management agreement for Chevron’s refineries, terminals

DALLAS — Jacobs Engineering Group Inc. signed a Master Services Agreement (MSA) expansion amendment with Chevron Products Company to provide elective construction management (CM) services on an as-needed basis at the company’s refineries located in El Segundo and Richmond, California, Pascagoula, Mississippi, and Salt Lake City, as well as at various terminals throughout the US.

S.Korea's GS Caltex shuts heavy oil upgrading unit after fire

SEOUL (Reuters) — GS Caltex, South Korea's second-largest oil refinery, said it has shut a heavy oil upgrading unit after a fire mishap on Thursday.