Crude oil
PetroChina, INEOS finalize Europe refining JV
PetroChina and INEOS have completed a deal to form trading and refining joint ventures effective July 1. The joint ventures include trading and refining activities at the Grangemouth refinery in Scotland and the Lavéra refinery in France. The business employs approximately 1,000 people and has a turnover of $15bn.
PDVSA awards Foster Wheeler with design deal for new refinery in Venezuela
Foster Wheeler has been awarded a process design and front-end engineering design (FEED) services contract by PDVSA for the new Batalla Santa Ines refinery Phase I hydroskimming section to be built in Barinas, Venezuela.
HPIn Europe: Lesson learned from the US is being applied in Europe’s cap and trade system
The economic pressures that have progressively ring-fenced oil products for the transportation sector over the last 40 years are about to get a significant boost from Europe’s new world-spanning ..
HP Construction: North America
CB&I has been awarded an additional project, valued at approximately $50 million, for storage tanks at an oil-sands project near Fort McMurray, Alberta, Canada. CB&I’s scope of work includes the ..
HP Construction: Europe
Jacobs Engineering Group Inc. has received a contract from Goteborg Energi AB for the GoBiGas project, a 20-MW biomass gasification and methanation project in Goteborg, Sweden. Officials estimate the ..
HP Construction: Middle East
Jacobs Engineering Group Inc. has been awarded the Ras Tanura Refinery Clean Fuels and Aromatics Project, the first major project to be awarded under the Saudi Aramco general engineering and project m..
HP Construction: Asia-Pacific
Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract by Thai Oil Public Co., Ltd. for the basic design engineering package and engineering, procurement and co..
HP Construction: Total completes deep conversion project work in Port Arthur, Texas
Three-year, $2.2-billion refinery project includes 50,000-bpd coker, 55,000-bpd vacuum distillation unit and the 64,000-bpd distillate hydrotreater
US refiners Holly, Frontier complete merger
HollyFrontier on Friday announced the completion of the merger of Holly Corp. and Frontier Oil Corp. The merger combines two leading independent refiners to create the most profitable (on a per barrel basis) independent refiner in the US, the companies said.
Marathon finalizes spinoff of downstream business
Marathon Oil has completed the spin-off of its downstream business, making Marathon Oil an independent upstream company and Marathon Petroleum the fifth-largest US crude oil refiner, the companies said on Friday.
- Morgan Fuels & Lubes achieves approval under the renewable fuels assurance scheme 7/16
- Emerson automates refinery scheduling to improve margins, respond faster to market volatility 7/16
- Russia seeks more gasoline from India after Ukraine attacks refineries 7/16
- Valmet delivers automation system for CO₂ liquefaction plant supporting green transition in Finland 7/16
- EIA: U.S. crude stocks fall as refiners step up processing 7/16
- Opinion: China’s oil fortress will reshape the global order 7/16
