Refining
Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business
Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.
Asia's refined fuel imports drop, but margins still hold
Asia's imports of key refined fuels such as gasoline and diesel fell to the lowest in four years in April, driven by a combination of refinery maintenance and weaker demand in the top-importing region.
Japan's oil refiners scale back decarbonization efforts, refocus on fossil fuels
Japanese oil companies are scaling back decarbonization initiatives, including hydrogen and ammonia projects, amid a global shift towards more stable and cost-effective fossil fuels.
Nigeria's Dangote oil refinery cancels June maintenance at gasoline unit
Nigeria's Dangote oil refinery has cancelled June maintenance at its 204,000-bpd gasoline-making unit as it completed planned works during an unplanned shutdown from April 7 to May 11.
EIA: U.S. crude stocks rise with bigger imports, fuel inventories fall
U.S. crude stocks rose as the nation imported more oil, while gasoline and distillate inventories fell last week ahead of summer driving season.
bp's 440,000-bpd refinery in Whiting, Indiana (U.S.) restarted reformer unit last week
bp brought back the 60,000-bpd reformer unit at its facility last Wednesday after shutting it down in late April due to unknown issues.
U.S. imposes sanctions on companies it says sent Iranian oil to China
The U.S. Treasury Department on Tuesday imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from Iran and the United States concluded a fourth round of nuclear talks.
Update: Hunt Refining's Alabama (U.S.) refinery operating at reduced rates after fire
Hunt Refining Company is operating its 50,000-bpd refinery in Tuscaloosa, Alabama (U.S.) at reduced rates following a fire last week.
Emerson's Aspen Technology business releases new software with expanded AI capabilities, enhanced visualization and simplified workflows
Emerson announced a new release of the flagship software of its Aspen Technology business. The release introduces a significant expansion of industrial AI capabilities, enhances user experience, provides new capabilities to accelerate progress toward sustainability goals and improves operational performance.
LanzaJet and BioD announce feasibility study for SAF plant in Colombia
LanzaJet and BioD announced the launch of a feasibility study to develop the first sustainable aviation fuel (SAF) production plant in Colombia, setting a milestone as one of the pioneering SAF production initiatives in the Latin American region.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
