Refining
US refiners face severe labor shortage for deferred maintenance
(Reuters) -- After years of running flat out, US Gulf Coast refiners are lining up repairs to plants in 2017 -- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks.
Fluor awarded refinery project in Chile
IRVING, Texas – Fluor Corporation announced that it was awarded a contract by Empresa Nacional del Petróleo for the engineering, procurement and construction of a new process unit at its Biobío refinery in Chile. Fluor booked the undisclosed contract value in the fourth quarter of 2016.
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
General Atomics awarded contract at Hyundai Oilbank refinery
SAN DIEGO, CA – General Atomics Electromagnetic Systems announced that it has been awarded a contract for a six-module Gulftronic Electrostatic Separator system for installation at the Hyundai Oilbank Co. Ltd. Daesan refinery in the Republic of Korea.
Marathon Petroleum explores spin-off for retail business Speedway
(Reuters) -- Marathon Petroleum Corp announced a series of steps to increase its stock price, including the possible separation of its Speedway retail business, amid pressure from hedge fund Elliott Management.
Refiner Delek to buy rest of Alon USA for $464 MM
(Reuters) -- Refiner Delek US Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas's prolific Permian basin.
NuStar bolsters services at Port Corpus Christi with $93-MM acquisition
CORPUS CHRISTI, Texas – In an asset purchase, which closed Dec. 21, NuStar Energy L.P. added throughput capacity at its Port of Corpus Christi facilities, now capable of handling over 200 MMbpy.
HollyFrontier completes maintenance at Navajo refinery
DALLAS -- HollyFrontier Corporation announced that unplanned fourth quarter maintenance on its Navajo refinery Catalytic Reforming Unit (CRU) has been completed.
SK Innovation to invest up to $2.5 B in 2017 to boost growth
SEOUL (Reuters) -- SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to $2.49 billion in chemicals, oil exploration and battery businesses to boost its global growth.
Rosneft raises exposure to Germany's oil refining after BP deal
MOSCOW (Reuters) -- Russia's largest oil producer and its shareholder BP have completed dissolution of Ruhr Oel, their refining joint venture in Germany, Rosneft said on Thursday.
- China's Wanhua Chemical starts operation at new east China cracker 4/4
- Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B 4/4
- PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut 4/4
- Japan to curb gasoline prices from June to cushion U.S. tariff blow 4/4
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
