Refining
Shorting the short: Investors bet against Icahn's oil refiner after biofuel trade
NEW YORK (Reuters) — Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour.
Russia's Rosneft plans to close Essar deal in coming days
MOSCOW (Reuters) — Russia's Rosneft plans to close the deal to buy a stake in India's refiner Essar Oil in the coming days, Pavel Fyodorov, Rosneft first vice-president, told a conference call on Tuesday.
Shell restarting units at Pernis oil refinery
LONDON (Reuters) — Royal Dutch Shell said on Tuesday it was restarting a number of units at Europe's largest oil refinery in the Netherlands following a 10-day outage.
Exxon mulls Beaumont refinery crude unit addition
HOUSTON (Reuters) — ExxonMobil Corp is considering expanding light crude processing capacity at its Beaumont, Texas, refinery with the addition of a third crude distillation unit, a company spokeswoman said.
California rolls out new refinery regulations
SACRAMENTO, Calif. — State agencies today announced final approval of new regulations to strengthen workplace and environmental safety at oil refineries across the state. The regulations take effect Oct. 1.
Amec Foster Wheeler wins FEED contract for Total's Donges refinery
LONDON — Amec Foster Wheeler announces that it has been awarded a Front-End Engineering Design (FEED) contract by Total Raffinage France, a subsidiary of Total, the French multinational integrated oil and gas company.
Uganda says agrees terms with consortium to build oil refinery
KAMPALA (Reuters) — Uganda said on Monday it had agreed preliminary terms with a consortium of investors including General Electric to build and operate the country's first oil refinery, reviving a much-delayed project.
South Korea's SK E&C signs $1.6 B deal to modernize Iran oil refinery
SEOUL (Reuters) — South Korea's SK Engineering & Construction said on Sunday it had signed a deal with Iran's Tabriz Oil Refining Company worth $1.6 B to renovate the Iranian company's refinery facility.
Higher-cost crude could squeeze margins at US refiners
HOUSTON (Reuters) — US refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet crude.
Shell mulls German refinery upgrade to meet 2020 IMO sulfur rules
LONDON (Reuters) — Royal Dutch Shell is considering expanding the capacity of one of its German refineries to make oil products that meet an upcoming cap on the sulfur content of fuels used in shipping.
- Borouge reaffirms commitment to local manufacturing with new industry supply agreements 1/10
- Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says 1/10
- Pertamina unit to produce ISCC-certified SAF in 1Q 1/10
- WTO panel largely backs EU in palm oil case against Indonesia 1/10
- Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings 1/10
- U.S. to impose further sanctions on Russian oil fleet and traders 1/10
