Refining
Cedecorp to build second Cameroon oil refinery
The new processing plant will produce between 200 and 300 bpd of refined fuel and Cedecorp will run the refinery for 10 years before handing it over to Cameroon. The project will be entirely funded by Texas firm Refinery Technology, although the cost of the construction wasn't disclosed.
BP sells Texas City refinery to Marathon for $2.5bn
Subject to regulatory and other approvals, Marathon Petroleum will purchase the 475,000 bpd Texas City refinery, associated natural gas liquids pipelines and four marketing terminals in the southeast US.
Valero suspends spot gasoline sales in California
Valero, the largest US refiner, took the unusual step after a series of shutdowns at Richmond and other refineries. Valero said it will meet its current contracts to supply gasoline, but won't sell into the spot market. Spokesman Bill Day said resumption of spot sales "will depend on markets and inventories."
Sunoco completes US merger with Energy Transfer
Energy Transfer gains 7,900 miles of crude oil and refined fuel pipelines from Sunoco Logistics Partners master limited partnership and give it a toe-hold in the Marcellus and Utica shale regions, increasingly productive sources of oil and natural gas. Sunoco now becomes a subsidiary of Energy Transfer.
ExxonMobil Baytown fire caused by hole in reactor
ExxonMobil said this week's fire at its massive Texas refinery will result in some impacts to production, but it still expects to meet contractual agreements. All remaining refining operations are normal.
India's Bharat taps CB&I delayed coking technology for Kochi refinery expansion
The Kochi refinery's delayed coking unit will have the capacity to process 3.84 tpd of vacuum resid and small quantities of clarified oil from the FCC. The unit will be designed to produce sour fuel gas, LPG, naphtha, light and heavy gas oil, and petroleum coke. Lummus Technology will provide basic engineering.
Fire halts production at TNK-BP's Saratov refinery
Mr. Shikhalov said the unit affected by the fire could be repaired and restarted within 24 hours. TNK-BP earlier shut down the refinery, which processes about 7 million tpy of crude. Mr. Shikhalov said the commission would also assess damage and investigate the cause of the fire.
South Korean refiners target peak operating rates amid high margins, exports
A shortage of middle distillate products like diesel and aviation fuel in the US and Europe due to both maintenance-related and unplanned refinery outages and a lack of capacity expansion is keeping global premiums high. This tightness in the West is attracting cargoes from Asia.
HP Impact: Natural gas vehicles could be gaining traction
Natural gas vehicles could be gaining tractionA new report from PIRA Energy Group says that the sheer volume of US recoverable gas resources relative to expected demand suggests that benchmark Henry H..
HP Impact: Marginal increase forecast in North American lubricant market
Marginal increase forecast in North American lubricant marketAlthough it is estimated that there will be a 3% increase in tonnage carried by private fleet operators in the US through 2016, this is exp..
- 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
