Refining
Cost of Mexico oil refinery rising to up to $12-B, president says
A major new oil refinery under construction on Mexico's Gulf coast will ultimately cost between $11 B and $12 B, up from around $8 B originally estimated by the government.
Neptune Energy, ExxonMobil, Rosewood and EBN to cooperate on L10 carbon capture and storage
Neptune Energy, ExxonMobil subsidiary XTO Netherlands, Ltd., Rosewood Exploration Ltd., and EBN Capital B.V. announced the signing of a Cooperation Agreement to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.
Brazil's Petrobras buys first cargo of Guyanese crude for refining
Petrobras has bought its first cargo of Guyanese crude for refining domestically as South America's newest producer expands its market reach.
Curacao sets talks with U.S.-Brazilian consortium to run island's oil refinery
Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal.
Sinopec Shanghai Petchem shut crude, ethylene units after fire
Sinopec Shanghai Petrochemical Co has shut its crude oil refining and ethylene units to evaluate hidden safety risks after a fire on Saturday that hit a chemical facility.
Petrobras CEO resigns amid political blowback on fuel prices
The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week.
Pinnacle releases Economics of Reliability Report for the refining Industry
The report, which is the seventh installment of Pinnacle’s Economics of Reliability report series, analyzes the impact that reliability has on the refining industry.
U.S. energy chief to discuss record pump prices with refiners next week
U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices.
OMV's Schwechat oil refinery at 20% capacity after accident
OMV's 200,000 bpd Schwechat oil refinery is running at 20% capacity with repairs to fix a crude distillation unit set to take several weeks at least.
Mexico president says new Pemex refinery will reach full capacity in 2023
Mexican President Andres Manuel Lopez Obrador said Wednesday that a new refinery owned by state-run Petroleos Mexicanos (Pemex) will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.
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