Refining

Revamps, modernization and expansion come as oil glut continues

Smith, Ashley, Hydrocarbon Processing Staff

Announcements over the past few weeks from refiners modernizing, revamping or expanding refineries around the world show the impact the crude oil stockpiles are having on the downstream industry.

California rolls out new refinery regulations

SACRAMENTO, Calif. — State agencies today announced final approval of new regulations to strengthen workplace and environmental safety at oil refineries across the state. The regulations take effect Oct. 1.

Amec Foster Wheeler wins FEED contract for Total's Donges refinery

LONDON — Amec Foster Wheeler announces that it has been awarded a Front-End Engineering Design (FEED) contract by Total Raffinage France, a subsidiary of Total, the French multinational integrated oil and gas company.

Uganda says agrees terms with consortium to build oil refinery

KAMPALA (Reuters) — Uganda said on Monday it had agreed preliminary terms with a consortium of investors including General Electric to build and operate the country's first oil refinery, reviving a much-delayed project.

South Korea's SK E&C signs $1.6 B deal to modernize Iran oil refinery

SEOUL (Reuters) — South Korea's SK Engineering & Construction said on Sunday it had signed a deal with Iran's Tabriz Oil Refining Company worth $1.6 B to renovate the Iranian company's refinery facility.

Higher-cost crude could squeeze margins at US refiners

HOUSTON (Reuters) — US refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet crude.

Shell mulls German refinery upgrade to meet 2020 IMO sulfur rules

LONDON (Reuters) — Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulfur content of fuels used in shipping.

Indian Oil plans $2.4 B expansion of Gujarat refinery

NEW DELHI (Reuters) — India's top refiner Indian Oil Corp will spend $2.4 B to increase capacity at its refinery in western India by about a third over the next few years to meet rising local demand for fuel.

Sempra Energy's IEnova Unit, Valero sign contracts for liquid fuels projects in Mexico

SAN DIEGO — Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), signed long-term contracts with a subsidiary of Valero Energy Corp. for the storage capacity of the liquid fuels marine terminal to be constructed in Veracruz and two inland storage facilities to be constructed in Puebla and Mexico City.

Petrofac JV awarded $2-B refinery contract in Oman

(Reuters) — Petrofac Ltd said Oman's Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to the British oilfield services company's 50:50 JV with Samsung Engineering, sending its shares up as much as 9.5%.