Refining
API launches web tool to connect veterans with energy industry jobs
To better understand the long-term employment needs of the industry, a recent study from IHS Global estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.
BP announces 3,000 downstream job cuts as earnings decline
BP will eliminate 3,000 jobs from its downstream division by the end of 2017. Those reductions are on top of 4,000 cuts in its oil and gas production unit announced last year.
Neste buoyed by high European refining margins
Neste, which has two conventional refineries in Finland and renewable diesel refineries in Singapore and Rotterdam, said its core operating profit in the quarter rose 39% from a year ago.
Global fuel demand growth slows as 2016 begins
The US transportation sector continues to send mixed signals about the strength of fuel demand at the end of 2015 and heading into 2016.
China’s teapot refiners to change dynamics of crude supply, trading
There is little doubt that the granting of increased quotas to smaller, private refineries will increase the amount of crude bought by the world's second-largest importer. But what is less certain is exactly how these new entrants will go about sourcing and delivering the crude they will be able to purchase.
Valero reports gas emissions at Corpus refinery
The refinery cited a "compressor malfunction" as the cause of the emissions, according to an environmental filing. The plant said it "routed gas to authorized control device."
US refiner Marathon beats profit expectations as crack spread rises
Marathon Petroleum, which was spun off from Marathon Oil, said the crack spread increased to $6.65/bbl in the fourth quarter from $5.43/bbl a year ago.
Spanish refiner Cepsa resumes taking Iranian oil
According to Reuters shipping data, Cepsa has chartered the suezmax Monte Toledo, which will load at Iran's Kharg Island for delivery to the Spanish ports of Huelva and Algeciras.
Pakistan Refinery picks UOP’s modular technology on new clean fuels unit
Pakistan Refinery (PRL) commissioned a new unit using UOP technology at its facility in Karachi, Pakistan, doubling its output of high-quality gasoline to 24,000 tons/month.
US oil, gasoline inventories swell to record highs
US crude imports rose 647,000 bpd while refinery crude runs fell 24,000 bpd, as utilization rates fell by 0.8 percentage point to 86.6% of capacity.
- CTCI awarded $417-MM EPC contract to build ethylene storage in Qatar 11/15
- Russian refineries cut oil runs due to losses, closures loom 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
- Blue Biofuels and GMP to engineer and design cellulosic ethanol production facility 11/15
- Yara supplies Cooxupé with Brazil's first batch of lower carbon fertilizer 11/15
- Technip Energies, Shell Catalysts & Technologies move towards an exclusive global alliance for carbon capture 11/14
