Crude oil

Vietnam refinery boosts production amid concern on fuel import costs

Vietnam's Binh Son refinery has ramped up its production to meet domestic fuel demand and was operating at 109% of its designed capacity, the government said on Thursday.

Chinese refiners ZPC, ChemChina win additional 2022 crude oil import quotas

Chinese private mega-refiner Zhejiang Petrochemical Corp (ZPC) has been awarded a 10 MMt additional crude oil import quota for 2022.

Strike ends at one of TotalEnergies's French refineries

Workers voted to end a strike at TotalEnergies' Donges refinery on Wednesday, bolstering the government's hopes the supply situation at petrol stations around the country will rapidly improve.

Indonesia and Rosneft partner for $24 B Java oil refinery

Rosneft will parnter with Indonesia to contribute $24 B on a greenfield refinery in East Java province, according to Global Construction Review.

ExxonMobil says French refineries could take 2-3 weeks to fully restart

ExxonMobil's 140,000 bpd fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes.

Guyana opens tender for its first oil refinery

Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production.

Diesel’s gloomy message for the global economy

Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market.

French refineries strike continues despite requisition threat

A strike at TotalEnergies' French refineries has been reconducted across all sites after the government warned it would requisition staff at some petrol depots to secure supplies following weeks-long strikes.

Hydrocarbon Processing Award 2022 Winners Honored at Houston Gala

Nearly 150 of the midstream and downstream oil and gas industry’s brightest minds gathered Wednesday to find out, and celebrate, the winners of the 2022 HP Awards.

Carlyle prepares sale of Gabon oil firm Assala Energy

Private equity fund Carlyle Group is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 B amid high global energy prices, industry sources said.