Refining
Full tanks and tankers: a stubborn oil glut despite OPEC cuts
NEW YORK/LONDON/SINGAPORE (Reuters) -- After the first OPEC oil production cut in eight years took effect in January, oil traders from Houston to Singapore started emptying millions of barrels of crude from storage tanks.
Saudi Aramco to sign deals with US firms during Trump visit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco is due to sign deals with 12 US companies on Saturday during US President Donald Trump's visit to Saudi Arabia, sources with knowledge of the matter said.
Nigeria's NNPC finalizing $6 B worth of oil-for-product swaps
LONDON (Reuters) -- Nigeria's state oil company is in the final stage of signing $6 B worth of deals to exchange more than 300,000 bpd of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters.
Saudi Aramco says to set up new chemicals unit
JEDDAH, Saudi Arabia (Reuters) -- Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun, on Wednesday.
Rosneft eyes joint oil supplies to Egypt with Italy's Eni
SOCHI, Russia (Reuters) -- Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday.
Uganda selects firms for refinery talks, ready to sign exploration deals
KAMPALA (Reuters) -- Uganda's energy ministry said on Wednesday it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a planned crude refinery.
Iraq replaces Saudi as top oil supplier to India in April
NEW DELHI (Reuters) -- Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.
BASF selects Jacobs to support site engineering in Germany
DALLAS -- Jacobs Engineering Group Inc., as one of BASF’s Global Engineering Partners for Large Capital Projects, provides engineering, procurement and construction management services for BASF sites worldwide.
Philadelphia refiners face run cuts due to Sunoco pipeline shutdown
NEW YORK (Reuters) -- Philadelphia area refiners may be forced to cut production in coming months because Energy Transfer Partner LP's Sunoco Logistics is temporarily shutting down a key pipeline that carries refined products into central Pennsylvania, two sources told Reuters.
Pembina Pipeline, Petrochemical Industries sign JV for integrated polypropylene facility
CALGARY -- Pembina Pipeline Corporation announced that it, along with Petrochemical Industries Company K.S.C. of Kuwait, has reached key milestones for the previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta.
- Exploring ethanol: Maersk to test 50/50 ethanol-methanol bunker fuel 12/8
- BASF introduces low-VOC polyurethane catalyst Lupragen® N 208 12/8
- Idemitsu Kosan to be first Japanese refiner to supply biofuels to shipping industry 12/8
- China refiner moves forward with expansion despite sanctions 12/8
- Air Products and Yara to partner on low-emission ammonia projects 12/8
- Opinion: G7’s Russian oil tanker ban shows teeth, but bite is in doubt 12/8
