Refining
Shell Chief Executive Officer Ben van Beurden to step down, Wael Sawan appointed as his successor
Shell announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan. Wael’s appointment is effective January 1, 2023.
Refiners say fuel prices could increase and production plummet if rail strike proceeds
Upon sending the letter, Chet Thomson issued the following statement stressing the importance of rail transit to the refining and petrochemical industries and the need for broader rail reform.
ADNOC Refining to complete first phase of waste heat recovery project
ADNOC Refining, a joint venture company between the Abu Dhabi National Oil Company (ADNOC), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi.
Fuel markets to stay tight till mid-2020s as refining shrinks
Crude oil refining capacity has shrunk by a record 3.8 MM barrels per day from March 2020 to mid-2022 as demand expanded, setting the stage for fuel markets to remain very tight until at least mid-decade.
Encina to deliver first-ever high purity aromatics made entirely from end-of-life plastics
Encina Development Group, LLC announced the first-ever production of high purity aromatics made entirely from end-of-life mixed plastics. Encina has delivered its high purity monomer chemicals to customers and confirms that ongoing production will continue.
Venezuela's second-largest refinery disrupted by outage
Venezuela's second largest refinery has suspended gasoline production following an internal electrical failure, four sources with knowledge of the situation said.
bp restarted large crude unit at Whiting, Indiana, refinery over weekend
bp Plc restarted the largest crude distillation unit (CDU) over the weekend at its 435,000 bpd Whiting, Indiana, refinery.
India's future crude oil supplies will mostly come from Gulf
India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base.
Surge in U.S. oil flows to China may curtail Middle East shipments
China's imports of U.S. oil are expected to rise to a 20-month high in September and may increase more in November as refiners take advantage of lower prices amid a surge in U.S. exports from rising output and stockpile releases.
Eight injured in fiery blast at idled Canadian oil refinery
A fire and explosion at an idled oil refinery in Canada's Newfoundland and Labrador province injured eight people before the blaze was contained, Canadian police said.
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