Refining
Marathon Petroleum to pay $86 MM to settle Texas fire lawsuits
(Reuters) — US oil refiner Marathon Petroleum Corp said on Thursday it would pay $86 MM to settle lawsuits that allege injuries due to a January 2016 fire at its Galveston Bay, Texas refinery.
India's BPCL buys first cargo of US WTI Midland oil
NEW DELHI (Reuters) — State-run Bharat Petroleum Corp has bought 1 MMbbl of low-sulfur WTI Midland grade, the first purchase of the US grade by an Indian company, through a tender, an industry source with knowledge of the deal said.
Flurry of vessels booked from Mideast to Europe after Dutch refinery outage
SINGAPORE (Reuters) — Oil traders are rushing to secure vessels to ship refined fuel from the Middle East to Europe after a Dutch refinery outage made the route profitable, pushing freight rates to multi-month highs, traders and shipbrokers said on Thursday.
Finnish oil refiner Neste reports lower profits, shares fall
HELSINKI (Reuters) — Finnish oil refiner and biofuel producer Neste on Thursday reported a drop in second-quarter earnings due to expiry of a US biofuel tax break plus the impact of maintenance stoppages at its conventional refineries.
West African oil booms as refineries cash in on high margins
LONDON (Reuters) — Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage in certain types of crude amid OPEC production cuts and Venezuelan troubles.
PDVSA's refining network to work at 44% of capacity in August
HOUSTON (Reuters) — Venezuela's oil company PDVSA expects its refining network to work at 44% of capacity in August due to a lack of light crude and spare parts and planned maintenance work, according to an internal report from the state-run firm seen by Reuters on Tuesday.
Brazil fuel, lubricant imports surge 57% in July
RIO DE JANEIRO (Reuters) — Brazil's fuel and lubricant imports shot up 57.3% in July from the same month in 2016 to $1.522 B, government data showed on Tuesday.
US oil refiner HollyFrontier's profit tops estimates
(Reuters) — US oil refiner HollyFrontier Corp on Wednesday reported a quarterly profit that handily beat analysts' estimates, helped by higher production and refinery margins.
Rethinking the risk mitigation process and revitalizing operational safety
For the past 2 yr, oil prices have been in free-fall. At the time of writing, the WTI price is around $50/bbl, up slightly since OPEC’s May 2017 announcement to extend its September 2016 production cut of 2.2%.
Identify the cause of liquid maldistribution inside packed beds
Diagnosing liquid maldistribution problems inside packed beds that can cause mass transfer efficiency loss is a challenge to process engineers.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
