Refining
ConocoPhillips to sell or shut Pennsylvania refinery
ConocoPhillips is seeking to sell its 185,000 bpd refinery in Trainer, Pa., and associated pipelines and terminals, the company announced on Tuesday. ConocoPhillips will immediately begin the process of idling the facility and will permanently close the plant in six months if a sales transaction is unsuccessful, it said.
LyondellBasell to close 105,000 bpd France refinery
LyondellBasell will shut down operations at its 105,000 bpd refinery in Berre, France, after failing to find a buyer for the facility. As a result, refinery operator Compagnie Petrochimique de Berre (CPB) will soon begin work on a project to cease refinery operations, the company said.
Axens technology picked for Saudi Aramco refinery
Axens' technologies have been selected by Saudi Aramco for use in its Jazan refinery and terminal project, the company said on Friday. The refinery, scheduled to be commissioned in December 2016, will have a capacity of 400,000 bpd.
US petroleum demand rose slightly in August - API
Total US petroleum deliveries, used to measure demand, rose slightly in August to 19.7 million bpd compared with August a year ago, with demand for gasoline and distillates moving in opposite directions, according to the American Petroleum Institute (API).
Oiltanking, PERN sign JV for Poland liquids terminal
Oiltanking and petroleum logistics firm PERN have signed a joint venture to jointly develop and construct a terminal for the storage and handling of bulk liquids in the Port of Gdansk, Poland. The terminal will potentially be able to store and handle crude oil, refined oil and petrochemical products.
Plains to expand Louisiana crude terminal in 2012
Plains All American Pipeline said it is proceeding with the fourth phase of an expansion at its terminal facility in St. James, Louisiana. This expansion will include construction of an additional 1.2 million bbl of crude oil storage capacity and is targeted to be completed in the third quarter of 2012 at a cost of approximately $50 million.
ExxonMobil plans Texas lubricant base stock plant
ExxonMobil Chemical said it plans to build a world-scale facility for its metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks at its integrated refining and chemical complex in Baytown, Texas. The facility will have the capacity to produce 50,000 tpy of high-viscosity (Hi-Vis) SpectraSyn Elite mPAO.
Neste Oil starts Rotterdam renewable diesel plant
Neste Oil has successfully started up Europe's largest renewable diesel plant in Rotterdam in the Netherlands, the company said on Tuesday. Production of NExBTL renewable diesel at the new plant will be ramped up on a phased basis.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Berkshire Hathaway closes on $9.7bn Lubrizol deal
Berkshire Hathaway has officially completed its acquisition of US-based specialty chemicals firm Lubrizol for $135/ share in an all-cash transaction. The transaction, having been overwhelmingly approved by Lubrizol shareholders and having met all US and non-US regulatory filing requirements, is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt.
- Sinopec, Aramco start building $10-B petchem complex in China's Fujian province 11/18
- Clariant EnviCat N2O-S catalyst to cut CO2eq by 690,000 tpy at Hengli’s nitric acid plant in China 11/18
- Russia's Ilsky refinery has asked for gov't help over high rates, modernization 11/18
- North Dakota (U.S.) approves Summit Carbon pipeline permit 11/18
- China's oil refinery output falls from a year ago for a seventh month 11/18
- European oil giants step back from renewables path 11/18
