Refining
S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2
South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.
China's Sinopec partners with Saudi Aramco's unit in $4-B JV
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).
LAND enables expansion of advanced steam reformer temperature monitoring Spanish refinery
LAND®, a business of AMETEK Inc., and a global leader in industrial infrared temperature measurements, has facilitated the adoption of the optimal high-resolution thermal imaging solution for a Spanish refinery’s steam methane reformer furnace.
Amberjack Capital forms strategic partnership with Industrial Thermal Services
Amberjack Capital Partners, a private equity firm investing in critical infrastructure services, has announced its partnership with Industrial Thermal Services LLC (ITS), a premier provider of industrial heat treating and specialty services.
Aster Chemicals to bid for ExxonMobil's Singapore fuel stations
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil's petrol stations in Singapore, as the refiner seeks retail fuel sales outlets.
Update: Valero to shut Benicia refinery due to tough regulatory environment, high costs
Valero Energy on Thursday said it would cease operations at its 170,000-bpd San Francisco-area oil refinery next year amid worries about California's declining fuel supplies and high gasoline prices.
U.S. refiner Phillips 66 posts bigger-than-expected quarterly loss on lower margins
Phillips 66 has reported a bigger-than-expected loss for the first quarter, hurt by lower refining margins amid widespread maintenance and turnaround activities across the U.S. refining sector.
Yokogawa to acquire Web Synergies, a provider of IT and integrated IT/OT solutions
Yokogawa Electric Corp. has finalized an agreement to acquire Singapore-based Web Synergies, a leading provider of information technology (IT) and integrated IT and operational technology (OT) solutions.
Eckero Line to use Neste renewable diesel for commercial maritime transport
Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport.
Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026
Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.
- 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
