Refining
Idemitsu delays full takeover of Showa Shell on founding family opposition
Japanese refiner Idemitsu Kosan has put on hold its plan for a full takeover of smaller rival Showa Shell Sekiyu indefinitely after running into fierce opposition from the Idemitsu founding family.
Pakistan Refinery seeks loan to increase capacity
Pakistan Refinery is in talks with international banks over a potential syndicated loan to increase refinery capacity.
Meridian Energy says Davis refinery to be operational in 2018
Meridian Energy says it remains on-track to have the Davis Refinery operational no later than early 2018.
ChemChina, Sinochem in talks on possible merger
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil company with almost $100 B annual revenue.
Rosneft, Trafigura, UCP to buy stake in Essar Oil
Russian oil major Rosneft , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion.
US gasoline glut disappears as refiners tweak production
The US gasoline glut, which dominated discussions about the outlook for crude and fuel markets during the spring and early summer, quietly evaporated during August and September.
CB&I awarded contract renewal for refinery maintenance services
CB&I has been awarded a five-year contract renewal valued at approximately $350 MM for maintenance, turnarounds and capital construction for a major refinery in the Midwest.
Glencore hopes for Moroccan refinery restart to recoup money
Glencore, one of the main creditors of Morocco's sole refinery, still has hopes the idled plant will restart so lenders can gradually recoup their money, despite repeated failures to get it up and running.
India's Bharat Petroleum to spend $6.8 B on refinery expansion by 2022
India's Bharat Petroleum Corp. plans to spend $6.75 B through 2022 to raise refining capacity by 62% to meet rising fuel demand in the world's fastest growing major economy.
Mangalore refinery receives first crude parcel from Iran for strategic reserve
Mangalore Refinery and Petrochemicals Ltd. received the first parcel of crude oil for delivery into the Mangalore cavern of Indian Strategic Petroleum Reserves Ltd.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
