Refining
Oil at $70/bbl already a reality for some as Asian premium bites
SINGAPORE (Reuters) — The rising demand for crude oil that can more easily produce transportation fuels when refined has some Australian and Malaysian producers boasting cargoes valued at close to $70/bbl, a hefty premium to global benchmarks.
Continental receives in-principal approval of first refinery
SAMARINDA, KALIMANTAN TIMUR, Indonesia — Continental Energy Corporation announced that its Indonesian subsidiary PT Continental Hilir Indonesia (CHI) has received the in-principal approval of the Governor of the Indonesian province of East Kalimantan for the construction and operation of a crude oil refinery to be built at KIPI Maloy located in the Kutai Timur Regency of East Kalimantan.
Saudi Aramco to push back shutdown at Ras Tanura refinery
(Reuters) — Saudi Aramco is expected to shut down its condensate splitter at its Ras Tanura refinery by the end of November for a month for planned maintenance work, two industry sources said, later than originally planned.
Shell looks beyond road fuels to secure future of refining
LONDON (Reuters) — While the world braces for the electric-vehicle revolution, Royal Dutch Shell is betting on growing appetite for asphalt and plastics to sustain its century-old oil refining business for the coming decades.
CB&I’s MEG-1 project achieves setting 350-ft wash tower
CB&I’s LA MEG-1 project achieved a major construction milestone with the erection of a 350-ft wash tower.
Repsol profit leaps on refining and crude price gains
MADRID (Reuters) — Spanish oil major Repsol posted close to a 90% jump in third-quarter adjusted net profit after higher oil prices boosted its production division while its refining arm remained highly profitable.
Thai refiner IRPC's quarterly profit more than doubles on rising oil prices
BANGKOK (Reuters) — Thai oil refiner IRPC Pcl's net profit more than doubled in the third quarter as the subsidiary of energy giant PTT Group benefited from rising oil prices and higher margins on its chemical products.
CB&I awarded engineering, procurement, supply contract for LUKOIL
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by LUKOIL NizhegorodNefteorgSyntez, a subsidiary of JSC LUKOIL, for the detailed engineering, procurement and supply of process equipment, including two proprietary delayed coking heaters for the Deep Conversion Complex in Kstovo City, central Russia.
Puma Energy expands operations into Pakistan
KARACHI, PAKISTAN — Puma Energy, the globally integrated midstream and downstream energy company, has successfully concluded an agreement with the Chishti Group to acquire 51% interest in Admore Gas Pvt. Ltd (Admore).
Emergency triggers halt in Petrobras refinery operation
RIO DE JANEIRO (Reuters) — A refinery belonging Brazilian state-run oil company Petroleo Brasileiro SA was shut down for an emergency on Wednesday for the third time in less than 30 days, a labor union said in a press release.
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