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Refining

BP sees trading benefits from oil boom in the Americas

LONDON (Reuters) -- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant US, Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said.

Neste Jacobs technology to be implemented at Haltermann Carless German site

Neste Jacobs, a global provider of technology, engineering and project services and Haltermann Carless, an HCS Group brand and provider of specialty hydrocarbons, have agreed to plan and engineer an upgrade and expansion of the Haltermann Carless' production site in Speyer, Germany. The parties have also signed a Letter of Intent for the EPCM services to be provided by Neste Jacobs.

India's top refiner to supply fuels to Nepal for five years

NEW DELHI (Reuters) -- Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday.

Senators press Icahn on White House influence, business conflicts

WASHINGTON (Reuters) -- Several Democratic senators pressed billionaire investor Carl Icahn on Monday to clarify his role as an adviser to President Donald Trump, saying his position in the administration raised "alarming" questions about potential conflicts of interest with his stakes in the biofuels and pharmaceutical industries.

Total enters JV, plans ethane cracker and polyethylene unit builds in Texas

PARIS -- Total is entering a partnership with Borealis and Nova to form a JV with the aim of building an ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast. Total is expected to hold a 50% interest in the new JV.

Taiwan's CPC to start trial runs at new refining units in May

SINGAPORE/TAIPEI (Reuters) -- State-run Taiwanese refiner CPC Corp said on Monday it plans to start trial runs at new refining units located in the south of the country in May, delayed from earlier this year.

Asia refiners snap up cheap light oil to reap higher fuel profits

SINGAPORE/SEOUL (Reuters) -- As the cost of light crude drops, some refiners in Asia are snapping up cargoes of the oil that is easier and cheaper to process than their usual diet of heavy crude, chasing profits from making diesel and gasoline.

Sinopec's 2016 net profit rises 44%, helped by refining

BEIJING (Reuters) -- China Petroleum and Chemical Corp on Sunday reported that 2016 net profit rose 44% to $6.74 billion from a year earlier on the back of strong performances in refining and chemicals.

Tesoro, Western Refining stockholders approve acquisition of Western Refining

SAN ANTONIO, Texas -- Stockholders of both Tesoro Corporation and Western Refining, Inc. voted to approve Tesoro's expected acquisition of Western Refining. At separate special stockholders' meetings, Tesoro stockholders approved the issuance of shares of Tesoro common stock in connection with the expected acquisition, and stockholders of Western Refining approved the adoption of the previously disclosed agreement and plan of merger.

Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts

SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.

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