Refining
Lukoil picks Tecnicas Reunidas for upgrade project at Volgograd refinery
Lukoil and Tecnicas Reunidas will construct a vacuum gasoil light hydrocracker unit with an annual capacity of 3.5 million metric tons and up to 75% conversion ratio, a combined sulphur production unit and hydrogen production facilities at the refinery that is about 1,000 kilometers south of Moscow.
Pemex awards work to Technip for revamp of Lara Sosa refinery in Mexico
The scope of work includes the detailed engineering, procurement, construction, training, commissioning and start up for the recondition of the combustion gases system of the No. 1 catalytic plant (FCC) of the refinery. Technip's operating center in Mexico City, Mexico, will execute the project.
IEA lowers forecast for global oil demand growth, warns of China slowdown
In its closely-watched monthly report on the oil market, the watchdog agency cut its oil demand growth forecasts for the coming year by a marginal 90,000 bpd, but warned that recent signs of recovery in the global oil demand could be the result of one-off factors, rather than sustained improvement.
Japan's five biggest refiners to cut capacity by 20%
Domestic demand for such fuels as gasoline and diesel is now estimated at around 3.4 million bpd. The overall refining capacity in Japan is expected to drop from the pre-regulation 4.8 million bbl to 3.7 million bbl, tightening the supply-demand balance and improving earnings at oil companies.
Jacobs wins project management bid on Saudi lube oil refinery expansion
Under the terms of the agreement, Jacobs is providing PMC services for both inside battery limits (ISBL) and outside battery limits (OSBL). The ISBL services include a new lube oil unit, a new sulfur complex, a new hydrogen manufacturing unit, and an expansion of the propane de-asphalting unit.
EIA sees slim US oil demand growth through 2014
With the downward revision for 2012, the EIA now sees 2013 US demand rising 0.3%, to 18.65 million bpd, with 2014 demand up 0.4%, at 18.72 million bpd. The 2014 figure would be down 10%, or nearly 2.1 million bpd below the demand peak hit in 2005 of 20.8 million bpd.
Honeywell to supply process control systems for Kirishi refinery in Russia
Experion PKS will help to optimize production processes by providing the tight integration of production subsystems as well as safety, industrial security and advanced control systems, enabling plant operators to work more effectively and make more informed decisions, according to the companies.
Essar Energy sees continued strong performance at India, UK refineries
In a mangement statement, Essar said gross refining margins at its Vadinar refinery in India rose to $9.75/bbl for the final 2012 quarter, compared with $2.82/bbl for the same time a year earlier, thanks to refinery upgrades that allow it to process larger amounts of oil as well as cheaper grades.
Calumet, WBI Energy form venture to build North Dakota diesel refinery
The facility will process 20,000 bpd of Bakken crude oil. Construction could begin this spring, and is expected to take up to 20 months. The plant will be located on a 318-acre site located west of Dickinson in Stark County, North Dakota. It will employ approximately 100 people, according to the companies.
Tesoro targets more Canadian crude oil for US West Coast refineries
Tesoro has been aggressive in expanding its crude-oil sources to bring down costs at its refineries along the West Coast, home to the vast majority of its operations. Tesoro and other US refiners have been steadily increasing their use of a domestic oil supply, bolstered by recent advances in drilling technology.
- 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
