Refining
US tax overhaul likely to spur spending by refiners, pipeline cos
NEW YORK (Reuters) — US refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed US tax bill that rewards investment in new projects, said energy industry lobbyists and analysts.
Indian refiner BPCL prepared to integrate with GAIL, Oil India
NEW DELHI (Reuters) — State refiner Bharat Petroleum Corp has written to the oil ministry for integration with GAIL (India) Ltd and Oil India Ltd as option 1 and 2, said oil minister Dharmendra Pradhan on Wednesday.
Idemitsu, Showa Shell to merge key operations next spring
TOKYO (Reuters) — Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu will combine management of their key businesses, an Idemitsu spokesman said on Tuesday, pursuing a merger bitterly opposed by a core investor—Idemitsu's founding family.
Unipetrol's largest minority shareholder to sell stake to PKN Orlen
PRAGUE (Reuters) — Czech downstream oil group Unipetrol's largest minority shareholder Paulinino Limited will sell its stake to majority owner PKN Orlen when it opens a voluntary tender offer next week, Paulinino said on Wednesday.
TransMontaigne Partners acquires two refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that it has completed the previously announced acquisition of the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P.
GE awarded service contract for biorefinery
PARIS — GE Power was selected by Alco Bio Fuel, one of Belgium’s major biorefineries, to deploy its Predix-based Asset Performance Management (APM) solution to future-proof the refinery’s power-generation unit’s refinery field operations. The service contract will last for 10 yr, and GE will also be responsible for providing on-site service support.
S.Korea refiner buys rare Canadian crude cargo for February
SEOUL/SINGAPORE (Reuters) — South Korean refiner GS Caltex Corp has bought a rare cargo of Cold Lake crude, the company’s first purchase in more than two decades of this Canadian oil grade, a company spokesman said on Monday.
India increases petcoke import tax in blow to US refiners
NEW DELHI (Reuters) — India has raised the effective import duty on petroleum coke to 10% from 2.5%, according to a government order, days after the government told a court it was in favor of curbing the use of the dirty-burning fuel.
Cuba takes over Venezuela stake in refinery JV
HAVANA/HOUSTON (Reuters) — Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said on Thursday.
Honeywell implements advanced process control at Bashneft refineries
MOSCOW — Honeywell Process Solutions (HPS) announced its advanced process control (APC) at the Bashneft oil refining complex (part of Rosneft Oil Company) has demonstrated high efficiency, paying for itself in the first year of operation.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
