Refining
Refiner Phillips 66 cuts 2017 capital budget by 25%
(Reuters) -- US independent oil refiner Phillips 66 said it lowered its capital budget for 2017 by about 25% to $2.7 billion.
Bahrain's Bapco gets bids for $5-B refinery expansion
KHOBAR, Saudi Arabia (Reuters) -- State-run Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said.
Fluenta to supply monitoring system for Petronas refinery
Fluenta announced the sale of 24 ultrasonic flare gas monitoring systems to Malaysian state-run oil and gas company Petronas.
Quantum Energy Canadian refinery site under contract
Quantum Energy, Inc., announced that its wholly owned subsidiary, Dominion Energy Processing Group, Inc., has contracted for its proposed refinery site in the Stoughton, Saskatchewan area.
China teapots to extend oil buying spree into 2017
BEIJING (Reuters) -- China's small, independent refiners are set to raise their crude oil imports again in 2017 on expectations that Beijing will keep their intake quotas steady, market participants said, a move that should help eat up some of the global supply glut.
EIA: US crude draws down, products build as refiners ramp up
(Reuters) -- US crude stockpiles fell last week despite a hefty build at the Cushing, Oklahoma hub while gasoline and distillate inventories rose as refining rates picked up, the US Energy Information Administration said on Wednesday.
PKN ORLEN increases crude oil supplies to Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
PDVSA seeks fuel imports as refineries struggle
CARACAS/HOUSTON (Reuters) -- Venezuela's largest refineries were operating below half capacity this week, prompting state-run oil company PDVSA to launch tenders for product imports amid the OPEC country's deteriorating infrastructure and ebbing crude production.
Japan refiners Idemitsu, Showa Shell working on merger, despite setbacks
TOKYO (Reuters) -- Japanese oil refiners Idemitsu Kosan and Showa Shell Sekiyu said they have not decided on a capital and business tie-up as reported by some media organizations, and that they are still working towards an eventual merger.
Outages brighten European refineries' year-end profit prospects
LONDON (Reuters) -- European oil refiners are enjoying healthy profits in the fourth quarter compared with other regions due to unplanned maintenance in the Atlantic basin that has eroded inventories, offsetting typically weaker year-end demand.
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- Plug Power seals huge deal with Allied Green Ammonia for 3-GW electrolyzer system 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
