Refining
Brazil's Petrobras to exit biofuels production
Brazil's state-controlled oil company Petróleo Brasileiro SA said it will exit the biofuels sector, as the heavily indebted company seeks to prioritize investment in crude oil and gas production.
Callidus Technologies inaugurates flare testing facility
Callidus Technologies has inaugurated a new facility for the testing of gas combustion flares at its manufacturing facility in Beggs, Oklahoma.
GE to provide power solution for Petronas’ Pengerang complex
GE will supply 17 emergency diesel generator packages, five transportable switch rooms and the electrical balance for Petronas’ Pengerang Integrated Petrochemical Complex.
Saudi Aramco contains fire at Ras Tanura, eight injured
Eight workers were injured in a fire of unknown origin at Saudi Aramco’s Ras Tanura terminal.
India to buy 6 MMbbl of Iran oil for emergency reserves
India is set to buy 6 MMbbl of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms.
Curacao inks deal with China firm to run Isla refinery
The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 B to upgrade the facility.
Hedge funds pile into gasoline amid pipeline, refinery woes
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
Chinese gasoil exports may hit Asia refiner margins for rest of year
Asian gasoil distillates refining margins are likely to remain bearish for the next few months on larger than usual exports from China.
Schneider Electric releases Unit Performance Suite for the oil and gas industry
Schneider Electric has released software for the oil and gas industry that packages closed-loop, real-time optimization with monitoring and workflow in a single solution for refineries.
CVR’s Wynnewood refinery to receive SCOOP crude from new pipeline
Velocity Midstream has entered into definitive agreements with CVR Refining for the construction of a pipeline and terminal directly linking the fairway of the South Central Oklahoma Oil Province to CVR’s Wynnewood refinery.
- 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
