Refining
Business Trends: Tier 3 gasoline production: Challenges and opportunities for refiners
One of the biggest challenges to the crude oil refining industry over the past decades is the development of technologies capable of reducing the environmental impact of crude oil derivatives, while also raising their performance.
Oil expects regional refining margins to stay elevated in 2023
South Korea's S-Oil said on Wednesday it sees regional refining margins in 2023 remaining elevated over pre-2022 levels, though the company posted a loss in the fourth quarter of 2022 on a fall in oil prices during the period.
Kuwait exports first modified diesel fuel shipment to Europe
Kuwait's National Petroleum Company exported its first shipment of modified diesel fuel to Europe through the Mina al-ahmadi refinery, the oil ministry said on Wednesday.
Chevron annual profit doubles to record $36.5 B, but misses estimates
Chevron Corp. on Friday posted a record $36.5 B profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.
U.S. Energy Department to allocate $118 MM to biofuels projects
The U.S. Department of Energy (DOE) this week will announce over $100 MM in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals.
Operations at Exxon's Baytown, Texas refinery normal after storms
ExxonMobil Corp said operations at its Baytown, Texas refining and petrochemical complex were normal on Wednesday following severe storms including at least one tornado on Tuesday.
Mexico's newest oil refinery to begin crude processing in July
Mexican state oil company Pemex's newest refinery, which is still under construction in Mexico's southeast, will begin to process crude oil in July 2023.
Indonesia's Pertamina to adjust refinery investment plans amid energy shift
The refinery arm of Indonesian state energy firm Pertamina is redesigning its refinery expansion plans to meet shifting demands from a transition towards renewable energy, its chief executive said on Tuesday.
Technip Energies wins contract to upgrade Aramco’s sulfur recovery facilities at Riyadh Refinery
Technip Energies – as part of its long-term agreement with Aramco – has been awarded a contract to upgrade sulfur recovery facilities at Aramco’s Riyadh Refinery.
Aramco sees increased Chinese demand for fuel
Saudi Arabian state oil producer Aramco sees increased demand for fuel from China and is discussing investments in petrochemicals with Chinese companies.
- Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities 6/2
- IATA expects sustainable aviation fuel production to double in 2025 6/2
- RIC Energy and Siemens to jointly develop renewable H2, green ammonia and eFuels 6/2
- Trump administration (U.S.) axes $3.7-B in green energy projects 6/2
- European chemical industry pessimistic for 2025, recovery not until 2026 says new report 6/2
- U.S. ethanol output eases off record pace as summer travels heat up 6/2
