Americas
Mexico's new Pemex refinery still needs important work, is far from ready
Mexican state energy company Pemex is unlikely to produce any commercially viable motor fuels at its new Olmeca refinery before the end of the year, five sources said, despite pressure that it should be ready before the outgoing president's term ends.
Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
Several refiners are evaluating a new gasoline-formulation technology called hydrogen (H2)-rich-content (HRC) gasoline. This patented technology uses low-sulfur, H2-rich refinery blendstocks like straight-run gasoline, isomerates, alkylate, butanes and renewable naphtha in gasoline blends, and adds aromatic amines (a high-octane gasoline additive) to make a drop-in specification gasoline.
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bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
Pemex CEO: Mexico's new refinery will start processing crude oil in 2H 2024
Mexico's state energy company Pemex will start processing crude oil in its new Olmeca refinery in the port of Dos Bocas in the second half of the year.
Phillips 66 refining margins tighten on TMX expansion startup
U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May.
Trans Mountain revises heavy crude standards on pipeline after quality concerns
Canadian government-owned oil pipeline operator Trans Mountain last week revised standards for accepting crude oil on its recently expanded system after buyers raised concerns about the crude oil arriving on the line.
Financial alliances build as Citgo share auction enters last mile
At least five groups of investors submitted binding bids this month in a U.S. court-ordered auction of shares in Citgo Petroleum's parent, and three have secured financing commitments for Venezuela's foreign crown jewel.
U.S. oil refining capacity rises for second year in a row, reaching > 18.3 MMbpd
U.S. crude oil refining capacity rose 1.5% to 18.38 MMbpd this year, a government report showed on Friday as a major new expansion in Texas boosted capacity.
U.S. court to allow Citgo share-auction bidders to raise offers
A U.S. court overseeing the auction of shares in Venezuela-owned Citgo Petroleum's parent has told bidders seeking to acquire the seventh-largest U.S. oil refiner they may raise their offers after Tuesday's filing deadline.
- ClassNK releases report ‘ClassNK Alternative Fuels Insight (Version 3.0): Providing new information on cost simulations reflecting approval at MEPC 83 5/22
- trinamiX and BASF showcase new technologies for polyamide 6 recycling: An approach to circularity in the textile industry 5/22
- ADNOC’s suppliers commit to invest AED3 billion in manufacturing facilities across UAE 5/22
- Hungary's MOL and MVM join forces to ship Azeri oil to central Europe 5/22
- Industrial AI: A game-changer in fast-tracking digital transformation in the energy sector 5/22
- U.S. says there are significant undiscovered oil and gas resources in Wyoming 5/21
