Shell Midstream Partners to acquire additional assets from Shell

HOUSTON — Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in two strategic onshore pipelines for $825 MM.

Indian oil refiners issue tanker tenders aimed at boosting domestic shipping

NEW DELHI/SINGAPORE (Reuters) — Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates.

Dark oil: Loophole lets Russian refiners dodge duties

(Reuters) — Two Russian refiners are avoiding export duty on fuel oil and vacuum gas oil by renaming them as an oil product that is exempt from the charge, according to a Reuters analysis of customs and refining data, and four industry sources.

Total completes upgrade of Antwerp refining, petchem platform

PARIS — Total has inaugurated the new units at its Antwerp integrated refining & petrochemicals platform, which have progressively started up in the last few months.

Magellan, Plains to further expand BridgeTex Pipeline

TULSA, Okla. and HOUSTON — Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. announced that BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to assess customer interest for the expanded capacity.

PDVSA's Amuay refinery halts distillation unit

CARACAS (Reuters) — Venezuela’s 645,000 bpd Amuay refinery has halted its distillation unit No. 5 due to an operational problem, union leader and opposition activist Ivan Freites said on Thursday.

India MRPL makes its first US oil purchase

NEW DELHI (Reuters) — India’s state-run Mangalore Refinery and Petrochemicals Ltd has made its first purchase of US crude oil, buying high-sulfur grade Southern Green Canyon through a buy tender for an early February delivery, the head of its refinery said.

China crude oil imports to rebound in January on quotas, low stocks

SINGAPORE/BEIJING (Reuters) — China's crude oil imports are expected to rebound in January as demand from independent refiners will accelerate once 2018 import quotas are in place, and processors start to replenish inventories, analysts and trade sources said.

JXTG Nippon selects AspenTech supply chain software

BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that JXTG Nippon Oil and Energy, the largest oil company in Japan, has selected the company’s aspenONE Petroleum Supply Chain software as its preferred optimization solution for economic and operational planning.

Saudi Aramco, SABIC to develop crude oil to chemicals complex

Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution of the front-end engineering design (FEED) before a final investment decision is made.