Refining
Insight: How sanctions made a showpiece Chinese refinery's Western partners run for the exits
Yulong's ambition to rub shoulders with global heavyweights, backed by Beijing's push to modernize its refiners, was upended on October 15, when the UK sanctioned it for dealing in Russian oil.
Honeywell picked to help fulfill ambitious Dangote refinery capacity expansion
The agreement will allow Dangote to process a broader range of crude grades to help support the planned expansion in output with the help of Honeywell's catalysts and equipment.
Vietnam's Binh Son refinery steps up U.S. oil imports
Vietnam has been seeking to buy more U.S. goods to narrow a trade gap between the two countries since Trump threatened in April to impose tariffs on Vietnamese products.
Phillips 66 Aviation expands EPOS solutions for FBO
The company is introducing FBO Director, a new EPOS platform, and integrating Contract Fuel & Phillips 66® Aviation WingPoints® processing, providing FBOs with more flexibility and efficiency in managing their operations.
Lukoil's Finnish fuel chain Teboil files for corporate restructuring
The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business.
India's Reliance stops importing Russian crude for refinery operations
The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.
Update: Fire extinguished at Venezuelan oil upgrader, operations halted
Incidents and outages are frequent within PDVSA's aging infrastructure, including oilfields, refineries and upgraders that are key to turning the country's extra heavy oil output into exportable crude grades.
Lukoil trading arm shrinks fast under Western sanctions
The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in Ukraine. They have thrown Lukoil’s global operations into limbo, from oilfields in the Middle East to fuel pumps and refineries across Europe.
EIA: U.S. crude stocks fall on higher demand, fuel inventories rise
U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week.
Hungary's MOL and refiner Slovnaft accuse Croatia's JANAF of breach of contract
MOL said it and Slovnaft told the European Commission in a letter that JANAF would only deliver crude oil already purchased and scheduled for delivery if the two companies agreed to purchase additional volumes as technical amounts to inject into JANAF's system.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
