Refining
Venezuela's PDVSA to tap oil customers to pay $449 MM to ONGC
NEW DELHI (Reuters) — Venezuela's national oil company PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 MM owed to India's ONGC Videsh Ltd, the Indian company said in a statement on Wednesday.
Start-up at Mexico's top refinery has begun, still no output
MEXICO CITY (Reuters) — Mexico’s national oil company Pemex’s biggest refinery has begun bringing plants back online following a prolonged stoppage caused by a major earthquake in September, a company spokesperson said on Tuesday.
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
Carlyle eyes Varo Energy IPO valuing European refiner at $2 B
(Reuters) — Varo Energy BV's owners, US private equity firm Carlyle Group and commodities trader Vitol, are looking at an initial public offering next year that could value the European oil refiner at about $2 B, the Wall Street Journal reported on Wednesday.
Honeywell UOP providing hydrotreating catalysts for ENAP refinery in Chile
DES PLAINES, Ill. — Honeywell announced that Empresa Nacional del Petroleo (ENAP) has begun using Honeywell UOP’s HYT-6219 Unity hydrotreating catalyst in conjunction with Unity hydrocracking catalysts to produce cleaner-burning diesel fuel at its Bío Bío refinery in Hualpen, Chile.
Burckhardt Compression awarded revamp contract at PAZ refinery
The Israeli government tightened its health, safety and environment (HSE) regulations so that they now reflect the highest level in this field. As a result, PAZ Ashdod Refinery had to revamp their existing process gas compressors for hydrogen application in order to be compliant with the new strict HSE standards.
EIA: Russia exports most of its crude oil production, mainly to Europe
Russia exported more than 5.2 MMbpd of crude oil and condensate and more than 2.4 MMbpd of petroleum products in 2016, mostly to countries in Europe. Exports of crude oil and petroleum products represented nearly 70% of total Russian petroleum liquids production in 2016.
China's crude oil processing runs in October rise to 2nd highest on record
BEIJING (Reuters) — China’s refiners raised crude oil processing runs to near record monthly levels in October as refining margins jumped after the country’s state planner hiked prices for gasoline and diesel at the pump.
Unipec, Vitol place lowest offers in Bangladesh oil import tender
SINGAPORE/DHAKA (Reuters) — Oil traders Unipec and Vitol placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.27 MMt of oil products for import in the first half of 2018, three industry sources said on Tuesday.
Japanese oil refiner profits rise as they max out runs to cash in on high margins
TOKYO (Reuters) — Profits for Japanese oil refiners rose for the latest reporting period as they pushed their plants at the highest rates in 46 yr amid high margins and after a government mandated industry consolidation.
- View: Trump return will slow, not stop, U.S. clean energy boom 11/6
- Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B 11/6
- U.S. crude stocks, gasoline and distillate inventories rise 11/6
- Fire at Tupras oil refinery in Turkey wounds 12 11/5
- Thai SCG halts operations at $5.4-B Vietnam petrochemical complex 11/5
- Solvay licenses hydrogen peroxide process technology to North Huajin Refining and Petrochemical Company 11/5
