Refining
Valero Energy profit beats estimates on higher ethanol margins
(Reuters) -- Valero Energy Corp, the largest independent US refiner, reported a better-than-expected quarterly profit as higher margins in its ethanol unit more than offset weakness in its refining business.
Nigeria's Trans Forcados pipeline to reopen near end Q2
FLORENCE/LONDON (Reuters) -- Nigeria's Trans Forcados Pipeline which has been shut for most of the last year could reopen "towards the end of the second quarter," Seplat Chief Executive Austin Avuru said.
Pertamina to go solo on Balongan refinery
JAKARTA (Reuters) -- Indonesian energy company Pertamina will proceed with an upgrade of its Balongan refinery without a partner, company officials said on Monday.
Ghana's only oil refinery shut after explosion
ACCRA (Reuters) -- Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said on Friday.
Sinopec awards DuPont technologies contract for alkylation technology
WILMINGTON, Del. – DuPont Clean Technologies announces that China Petrochemical Corporation (Sinopec) has awarded DuPont the license and engineering contract for its STRATCO Alkylation Technology. The new unit is to be located at the existing Sinopec Tianjin Company (TPCC) refinery in the Tianjin Binhai New Area district. The addition of the STRATCO sulfuric acid alkylation unit will improve the quality of the existing refinery gasoline pool to ensure compliance with the China V standard.
EIA: Mexican gasoline market reforms could influence US gasoline export trends
The Mexican government is in the process of opening its gasoline and diesel markets to outside competition and replacing government-set prices with market-based prices. Last year, Mexico began allowing entities other than the state-owned company Petróleos Mexicanos (Pemex) to import gasoline and diesel and open retail stations.
Brazil's Petrobras reduces diesel and gasoline prices at refineries
SAO PAULO (Reuters) -- Brazil's state-run oil company Petroleo Brasileiro SA announced on Thursday it is reducing diesel and gasoline prices at refineries, reflecting the fall in international petroleum products prices and the appreciation of the local currency against the dollar.
Asia gasoline refiners set to recover after glut
SINGAPORE (Reuters) -- Many Asian gasoline refiners have started to recover from one of the sector's worst-ever gluts, with profit margins climbing as consumption grows and as stricter fuel specifications in top consumers force some inefficient producers to cut supply.
Malaysia's Petronas says RAPID project on track for 2019 start-up
KUALA LUMPUR (Reuters) -- Malaysia's state oil firm Petroliam Nasional Berhad said on Thursday its new $27 billion refining and petrochemical complex project in the southeast Asian country is on track for start-up in 2019.
US gasoline stockpiles build for fourth week on weak demand
(Reuters) -- Inventories of gasoline rose sharply in the United States for the fourth straight week amid weaker-than-usual demand, while crude oil stocks were also higher, the Energy Information Administration said on Wednesday.
- Indonesia proposes increase in biodiesel mix to 50% in 2028 11/7
- Shell Catalysts & Technologies, Licella to develop global low-carbon biomass-to-biofuel commercial solutions 11/7
- Neste and Liiga team up to reduce emissions from hockey game travel 11/7
- EU climate chief holds firm on CO2 deadlines for cars 11/7
- Polish oil refiner Orlen may suspend or cancel olefins project 11/7
- China's crude oil imports fall for sixth straight month on refinery closure 11/7
