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Refining

Thailand's Bangchak reviewing refinery upgrade plan

Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.

BP announces investment of $30 MM in biojet producer Fulcrum

BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.

China sets export tax rebate for refined fuel at 17%

China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.

Shipping fuel change to upend refining, threaten OPEC crudes

A switch to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries, but threatens to put older ones out of business and punish those countries that produce the wrong kind of crude.

MOL to focus on refining efficiency, petrochemical diversification

The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.

Four years after rescue, Philadelphia refinery reels as investors profit

Four years after private equity firm Carlyle Group and a partner purchased Philadelphia Energy Solutions, the refinery faces another existential crisis.

OGCI announces $1-B investment to accelerate development of low emissions technologies

OGCI Climate Investments will aim to deploy successfully-developed new technologies among member companies and beyond.

TotalErg pump network sale hangs on refinery deal

France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.

Enerfab to provide heat transfer equipment services

Enerfab is expanding its overall service offering to include heat transfer equipment services formerly provided by American Power Services.

AspenTech Acquires Mtell

Aspen Technology, Inc. has acquired Mtelligence Corp., a San Diego, California-based pioneer in the field of predictive and prescriptive maintenance for asset performance optimization.