Refining
India signs energy cooperation deal with Iraq for refining, oil exploration
Iraq is eager to boost oil supplies to India, one of the largest oil consumers, in the face of shrinking demand from the US, which has been getting more of its oil and gas from domestic shale deposits.
India sees 5% increase in monthly refining output
Indian refineries processed 19.15 million metric tons, or 4.53 million bpd, of crude compared with 18.21 million tons in June. The July throughput beat the government's target of 18.74 million tons.
Celanese, PetroChina to collaborate in China on synthetic fuel ethanol
Under this arrangement, Celanese and PetroChina will collaborate to jointly develop synthetic fuel ethanol opportunities in China utilizing Celanese’s proprietary TCX ethanol process technology.
Honeywell to supply control systems for Antipinsky refinery upgrade in Russia
Deploying Experion PKS is part of an initiative to create a single, central operations center at the Antipinsky refinery. As an additional part of this initiative, Honeywell will supply up to 60 additional workstations to the refinery, which will be installed in the unified refinery control center.
Clashes erupt at oil terminals in Eastern Libya
The closure of Libya's key oil ports by striking guards and workers, which has more than halved the country's oil production in recent weeks, has helped push oil prices higher, in addition to the Egypt crisis.
Asian refined product market pressured by weaker demand, excess supply
Asia's light distillates market is weighed down by excess supply, with naphtha differentials under pressure although demand fundamentals remain largely stable. Gasoline demand, however, tapered off following a seasonal increase during the festival month of Ramadan.
Thailand's PTT begins feasibility study on potential mega refinery in Vietnam
The refinery, with a capacity of 660,000 bpd and a price tag of between $25 billion and $30 billion, would be built in the central coastal province of Binh Dinh. PTT has chosen McKinsey, Foster Wheeler and IHS as advisors for the project, it said, adding that the refinery would be operational from 2020.
Iran detains Indian Oil tanker in Persian Gulf
The Shipping Corp. of India, the ship's owner, said Iranian authorities have detained the vessel since Tuesday afternoon and had alleged the Suezmax crude-oil tanker was polluting Iranian waters, though the company denies the allegation. Suezmax tankers are medium-sized oil tankers.
Uganda sees first oil refinery on stream by 2018
The refinery, located in Hoima district, some 130 miles west of the capital Kampala, will supply refined petroleum products to the domestic market, as the country seeks to slash its imports bill and become self-sufficient in fuel products. The refining project is expected to cost $2 billion.
Calumet buys Murphy Oil crude logistics hub in US
With the acquisition of the loading facilities, all of which are connected at junction points along Enbridge's North Dakota pipeline system, Calumet says it will be positioned to source increased volumes of crude oil directly from local producers in North Dakota and Montana.
- 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
