Refining
Foster Wheeler wins Kuwait refinery upgrade deal
KNPC’s clean fuels project is a major upgrade and expansion of the Mina Al-Ahmadi and Mina Abdullah Refineries to increase their combined throughput by 264,000 bpd to 800,000 bpd. The objective is to increase conversion of fuel oil to higher value products in order to meet expected market demand.
KBC inks multi-year consulting, software contract with Ecuador refinery
As part of the contract, EP PETROECUADOR will take a five-year license for KBC's process and energy modelling software tools, including the full Petro-SIM suite, to optimize the operation of the refinery. KBC says it will work with EP to improve its core work processes and support systems.
Aramco, Total to double Saudi refining investment
Satorp is building a 400,000 bpd export refinery in Jubail in the kingdom's eastern region, which is expected to be fully operational by the third quarter of 2013. The refinery complex, estimated to cost about $14 billion to build, is part of a drive by the world's top oil exporter to boost refining capacity.
Motiva finds chemical leak to CDU of expanded Port Arthur refinery
Motiva will again have to shut down a crude distillation unit at its expanded refinery segment in Port Arthur, Texas, that had been restarted after about six months of repairs.
NuStar to sell small San Antonio refinery to Calumet
The 14,500-bpd, soon-to-be-sold refinery produces and sells various products, including jet fuels, ultra-low sulfur diesel, and other highly specialized fuels. The Elmendorf terminal, located about 12 miles away from the refinery, stores the crude oil that is processed at the refinery.
Delta Air to lose money on Trainer refinery in Q4, but future savings expected
The airline attributes the loss during the quarter to Superstorm Sandy, which battered the US East Coast in September. The storm hit just after Delta restarted its 175,000 bpd refinery in Pennsylvania after spending the summer on maintenance work to maximize jet-fuel production.
IEA sees global crude refining volumes on rise
In its monthly report on the oil sector, the IEA said that the projected daily average for refinery runs was up year-on-year by 950,000 bbl, to 75.3 million bbl. Growth is expected to continue into the first quarter of 2013, when refinery throughput is forecast to be 75.8 million bpd.
ExxonMobil sees North America becoming net oil, gas exporter by 2025
The closely watched annual forecast of energy trends, set to be released Tuesday, concludes the growth of US and Canadian oil and gas production has staying power and could lead to more international shipments of oil and gas, said Exxon's vice president of corporate strategic planning, who led the study.
EIA lowers 2012 forecast for US crude oil prices
Spot prices for West Texas Intermediate, the US benchmark, will average $88.51/bbl in the fourth quarter, according to the December edition of the US Energy Department's Short-Term Energy Outlook. That's down from the $89.50/bbl that was predicted in November's report.
Aramco cyber attack targeted Saudi production
The oil giant says an August cyber attack on its computer network targeted not just the company but the kingdom's economy as a whole, seeking to stop oil and gas production. The interior ministry joined Aramco's investigation into the attack that affected some 30,000 of the firm's computers.
- 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
