Refining
Russia, Venezuela discuss Citgo collateral deal to avoid US sanctions
CARACAS/HOUSTON (Reuters) — Russia's top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, US-based refiner Citgo for oilfield stakes and a fuel supply deal—a move to avoid complications from US sanctions, two sources with knowledge of the negotiations told Reuters.
Union seeks partial stoppage at Portugal Galp refineries
LISBON (Reuters) — The union representing workers at Portugal's Galp Energia has called a six-day strike at the company's two refineries starting on July 26 to demand that Galp resume a collective bargaining agreement.
India refiner HPCL sees more scope for foreign buys after ONGC deal
NEW DELHI (Reuters) — Indian state refiner Hindustan Petroleum Corp sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.
PetroChina unloading first Chinese purchase of oil from US strategic reserves
SINGAPORE (Reuters) — PetroChina is this week unloading the first Chinese purchase of crude oil from US strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources.
Tesoro fuel transport via Pemex lines in Mexico could begin in Sept
MEXICO CITY (Reuters) — US refiner Tesoro Corp could begin transporting gasoline and diesel through the pipeline network owned by Mexico's national oil company Pemex in September, an executive with the Mexican firm said on Wednesday.
IRPC Americas '17: Best practices should not be sacrificed for cost and schedule
HOUSTON—Stephen L. Cabano, President of Pathfinder LLC, spoke on the recognition vs. application of best practices for capital projects on the second day of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Americas 2017.
IRPC Americas '17: FCC process history driven by war, competition
HOUSTON—Phillip Niccum, Senior Vice President, Process Engineering for KP Engineering, opened the second day of Gulf Publishing Company's International Refining and Petrochemical Conference (IRPC) Americas 2017 with a keynote talk on the history and development of the fluid catalytic cracking (FCC) process.
India allows ONGC to buy out government stake in refiner HPCL
NEW DELHI (Reuters) — India has approved explorer Oil and Natural Gas Corp's plan to buy its 51.1% stake in state-refiner Hindustan Petroleum Corp , a government source said on Wednesday, as New Delhi seeks to create a large integrated oil firm.
French court repeals law on regulated gas prices
PARIS (Reuters) — France's highest administrative court on Wednesday repealed a law on regulated gas prices, which covers about half of France's retail customers and 11% of professional users, saying it hurt competition and was against European Union regulations.
Saudi's Sipchem in CO2 supply agreement with Sasref
KHOBAR, Saudi Arabia (Reuters) — Saudi International Petrochemical Co (Sipchem) said on Wednesday its methanol affiliate will start receiving supplies of carbon dioxide feedstock from Saudi Aramco Shell Refinery (SASREF) in the first quarter of 2019.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announces $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
