Refining
Indonesia's Pertamina removes CEO, deputy in management shakeup
JAKARTA (Reuters) -- Indonesia's Pertamina has removed its CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, company and government officials said on Friday citing leadership problems, and new and renewable energy director Yenni Andayani has been appointed acting CEO.
SK Innovation sees refining margins staying healthy in 2017
SEOUL (Reuters) -- Refining margins will stay firm in 2017, backed by limited additions to refined product supplies and solid demand growth, SK Innovation, which owns South Korea's top refiner, said on Friday.
Phillips 66's profit misses on lower refining margins
(Reuters) -- US independent oil refiner Phillips 66 posted a lower-than-expected quarterly profit as margins were squeezed by the narrowing gap between US crude prices and globally-traded Brent crude, to which prices of refined products are tied.
Spike in maintenance expected to boost oil refining margins
ANTWERP (Reuters) -- Increased refinery maintenance in Asia and the Middle East is expected to boost profits for operators in other regions in the first half of this year, market watchers said on Wednesday.
Crackdown on bush refineries unsettles Nigeria's oil heartland
OGONILAND, Nigeria (Reuters) -- Listening for the engines of navy boats hunting illegal refineries in the swamps of Nigeria's Niger Delta, workers heat up crude oil in a tank next to a waterway.
S.Korea's S-Oil expects firm refining profits in 2017
SEOUL (Reuters) -- South Korea's S-Oil Corp expects healthy refining profits this year, buoyed by growing demand for oil products in places such as China and Southeast Asia.
People
Linde Engineering North America Inc. has appointed Jason Cooper as the company’s President and CEO.
Industry Metrics
European refinery margins weakened due to slower gasoline export opportunities, despite the colder weather.
Business Trends: Anticipated market and pricing impacts from new marine fuel regulations
In October 2016, the International Maritime Organization (IMO) announced that it will implement a new regulation that calls for the sulfur content in marine fuels to be reduced from 3.5% to 0.5%. The new regulation will go into effect in January 2020. This action by the IMO will have a profound impact on the maritime and refining industries worldwide, as well as on the environment. This month’s Business Trends section provides an overview on the anticipated impacts of the IMO’s decision on petroleum product markets.
Industry Perspectives: Global desulfurization capacity to skyrocket over the long term
According to OPEC’s World Oil Outlook 2016, desulfurization capacity additions represent the largest capacity increases among all process units to 2040. This trend is due to increased regulations on the amount of sulfur allowed in transportation fuels.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit 1/14
- Chinese, Indian refiners seek new supplies as US sanctions tighten grip on Russian oil 1/14
- Clariant to fight 1.4-B euro ethylene lawsuit from BASF 1/14
- Poland's Orlen plans to invest up to nearly $92 B by 2035 1/14
- Genesis Fertilizers, Stamicarbon partner to advance sustainable urea production 1/14
