Enterprise sets record for volumes at Texas gulf coast marine terminals

HOUSTON -- Enterprise Products Partners L.P. announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totaled a record 146 MMbbl on a gross basis during the first quarter of 2017.

Indian state refiners to revise fuel price in 5 cities daily from May 1

NEW DELHI (Reuters) -- India's state-owned fuel retailers plan to implement daily revision of fuel price in five cities from May 1 ahead of a nationwide roll out of the scheme, industry sources said.

Total-Hanwha JV to invest $450 MM on refining and petrochemicals platform

PARIS (Reuters) -- French oil and gas company Total said on Wednesday that its South Korean JV with Hanwha will invest $450 MM in the group's refining and petrochemicals platform to expand capacity in order to meet growing demand from China.

OMV to invest $116.7 MM in petchem units at Schwechat refinery

VIENNA (Reuters) -- Austrian oil and gas group OMV will pay $116.7 MM for a planned turnaround at the petrochemical units of its Schwechat refinery which will start in the middle of this month, it said on Tuesday.

Fluor awarded contract for two Marathon refineries in Texas

IRVING, Texas – Fluor Corporation announced that it was selected by a division of Marathon Petroleum Corporation to execute the engineering and procurement scope for a major reconfiguration at Marathon’s Galveston Bay and Texas City, Texas refineries. Fluor will book the undisclosed contract value into backlog in the first quarter of 2017.

YPF among bidders for Shell's Argentina refinery

BOSTON/BUENOS AIRES (Reuters) -- Argentina’s state-run oil company YPF SA is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina, according to two people familiar with the process.

Diversify or die: China's independent oil refiners adapt to new challenges

BEIJING (Reuters) -- Cut off from lucrative fuel export markets and seeing their margins squeezed by new taxes, China's independent oil refiners are branching out into new sectors from clean energy and lumber as well as expanding their trading to overcome the challenges.

Hyundai Oilbank buys 2nd US Southern Green Canyon crude for June

SEOUL (Reuters) -- Hyundai Oilbank, South Korea's smallest refiner by capacity, will receive its second cargo of US Southern Green Canyon crude in June, a company spokesman said on Monday.

Asia naphtha demand fades as petchem firms snap up LPG

SINGAPORE (Reuters) -- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas (LPG) to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter.

China, Myanmar reach agreement on oil pipeline

BEIJING (Reuters) -- China and Myanmar have reached an agreement on an oil pipeline between the neighboring countries and the project will open "very quickly," China's vice foreign minister Liu Zhenmin said on Monday.