Refinery margins in the U.S. Atlantic basin rebounded. Deeper refinery intake cuts, as well as the low feedstock price environment, helped offset unappealing demand-side signals.
After natural gas is extracted from onshore and offshore sites, it must be transported and processed.
Refinery margins came under added pressure, affected by the downturn in product consumption inflicted by COVID-19 pandemic lockdowns.
Rovuma LNG, a JV comprised of ExxonMobil, Eni and China National Petroleum Corp., will likely delay its final investment decision (FID) on the group’s $30-B Mozambique LNG project.
An innovative refinery process arrangementa converts butane-rich, light paraffinic streams—preferably containing a high proportion of isobutane—into butylene by dehydrogenation.
Reciprocating compressors are used extensively in refinery and petrochemical operations to keep feedstocks and products moving through miles of piping.
In today’s business climate, where project budgets and schedules are under cost and time pressures (and where installed valve applications must perform reliably under increasingly severe conditions), valve simulations are enabling new capabilities.
Centrifugal compressors are widely used in the oil and gas and petrochemical industries, with more than 15,000 operating in the U.S. alone.
High product inventory levels and weak heating oil demand continued to weigh on U.S. refining economics. European product markets, except gasoil, exhibited positive performance backed by firm exports and heavy turnarounds in the Middle East.
Nigeria LNG (NLNG), a consortium comprised of Nigerian National Petroleum Corp. (NNPC), Shell, Total and Eni, has greenlighted the expansion of the Bonny Island LNG terminal.