Refining
Jacobs licenses sulfur recovery technology to VKG for Estonia shale oil refinery
Services are being provided from Jacobs’ Leiden office in The Netherlands. Under the terms of the contract, Jacobs is licensing its proprietary EUROCLAUS technology to VKG; and is also providing the basic design package, training, start up and commissioning assistance services.
Oil industry seeks repeal of US ethanol standard
A fight is brewing over a federal law requiring ethanol in gasoline, and the battle intensified Tuesday when the API said it will request that Congress repeal the statute. The law requires refiners to blend billions of gallons of ethanol into gasoline, with the goal of using 36 billion gallons by 2022.
Petrobras enlists Citigroup to sell Houston refinery
Petrobras has enlisted Citigroup to shop its 100,000 bpd Houston-area refinery, sources said, as the Brazilian state-run oil company continues to shed assets to help fund offshore drilling back home. A sale of the 100,000-barrel-a-day refinery will likely result in a loss for the company.
PTT to study petrochemical, refining proposals in Indonesia, Cambodia, Myanmar
Indonesia and Myanmar show potential, the company's CEO said. Meanwhile, a $28.7 billion, 660,000-bpd refinery and petrochemical complex at the Nhon Hoi Economic Zone in coastal Binh Dinh province is the subject of a completed feasibility study submitted to the Vietnamese government for approval.
Essar Energy sees improving UK refining margins
Essar is now processing 11 crude grades at Stanlow, enabling it to take advantage of lower cost opportunities, and it said a new natural-gas supply, to fuel the plant's boilers, will allow more flexibility in the choice of crude oils it processes. Gross refining margins were $8.03/bbl in the period.
Enbridge forms US venture to ship Bakken crudes
The Enbridge joint venture with Canopy will be the largest unit-train facility able to receive crudes from North Dakota, where production is booming, directly into Philadelphia-area refineries. By early next year, its Bakken expansion program will add 200,000 bpd of export pipeline capacity.
AFPM files petition for 2013 biodiesel volumes
The rule increased the volume of biomass-based diesel from 1 billion to 1.28 billion gallons.
Russian government approves Rosneft's TNK-BP acquisition
Russia's government has approved state-controlled oil giant OAO Rosneft's $55 billion acquisition of TNK-BP from BP and its partners.
Operational improvements proposed at Pine Bend refinery
The projects are expected to improve reliability, reduce key emissions and improve the refinery's ability to convert crude oil into transportation fuels.
OMV to divest 45% stake in Bayernoil by 2014
Austrian oil and gas company OMV AG will divest its 45% stake in German refinery Bayernoil Raffinerie GmbH by 2014, according to material presented by the company at its London media summit.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
