Refining
Troubled California oil refinery puts PBF's turnaround skills to the test
HOUSTON (Reuters) -- An aging California refinery is testing PBF Energy Inc's reputation as a turnaround whiz, with mounting production woes and costly repairs at the 88-year-old plant throwing a wrench into efforts to quickly revive profits.
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.
- Mitsui Chemicals studying use of ethanol to make petrochemicals 5/16
- Lotte Chemical to start operating Indonesia cracker in H2 2025 5/16
- hte, Mitsubishi Chemical partner to screen MMA oxidation catalysts 5/16
- U.S. EPA to rule on backlog of small refinery biofuel exemption requests 5/16
- Some Brazil sugar mills weighing switch to ethanol 5/16
- AFPM honors top refining and petrochemical facilities 5/16
