Refining
China unveils subsidies for fuel-efficient vehicles
The program is to "speed development of the new-energy automobile industry, reduce emissions and help control pollution," the ministry said in a statement published on its website.
Korea National Oil to shop Newfoundland refinery
Korea National Oil Corp., which inherited the 115,000-bpd Come By Chance refinery when it bought Harvest Energy in 2009, has hired Deutsche Bank to sell the facility, according to people familiar with the matter. It is unclear how much, if anything, the refinery could fetch from a buyer.
Brazil to allow Petrobras to raise gasoline prices
The price increase of about 8% for gasoline at the refinery gate would help shore up Petrobras's finances ahead of the sale of Brazil's largest offshore oil discovery under new production-sharing deals.
Neste Oil, Raisioagro research straw feedstock to produce renewable diesel
Microbial oil technology enables straw to be used as a feedstock for producing NExBTL renewable diesel. Neste Oil has tested processing of straw for some years, and pilot-scale microbial oil production trials were started last year when Europe's first microbial oil pilot plant was commissioned at Porvoo.
US to bypass Russia in liquid fuels production
The US is set to bypass Russia in the production of liquid fuels such as crude and ethanol this quarter, the IEA said, as global demand for oil is rising faster than expected.
Praxair starts up new hydrogen plant at Valero refinery in Louisiana
Praxair’s steam methane reformer (SMR) in St. Charles, Louisiana, will supply hydrogen and up to 450,000 lb/hour of steam to Valero’s new 60,000 bpd hydrocracker. The hydrocracker produces 1.2 bbl of high-value, low-sulfur products for each barrel of high-sulfur feedstock.
Saudi Aramco, Total set to begin exports at new Jubail refinery venture
Saudi Aramco Total Refining and Petrochemical Co., known as Satorp, has started operations at its 400,000 bpd refinery in Jubail in eastern Saudi Arabia and will export its first cargo this month.
Saudi firm Petro Rabigh halts refinery operations after power, steam outage
Rabigh said it is currently working with RAWEC on the reconnection of power and steam supplies in order to restart production at its refinery, but did not say when operations might resume.
Europe to cap biofuels in transport fuel mix at 6%
The European Parliament passed a bill to limit the amount of transport fuel such as gasoline and diesel that can be obtained from food and energy crops to 6% of total energy consumed for transport by 2020.
CNOOC picks CB&I technologies to expand refinery, petrochemical complex
This award includes the first license in China of CB&I’s recently acquired E-Gas gasification technology. The E-Gas gasification technology can be used to generate clean synthesis gas from coal and petroleum coke for use in power generation, hydrogen and steam for refineries.
- 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
- Spain's Moeve swings to quarterly loss on weak refining margins 11/15
- Asia naphtha supply expected to remain tight over next two years 11/15
- Countries, companies lag in response to tackle methane emissions, U.N. says 11/15
- U.S. energy draws up a wish list for new Trump administration 11/15
