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Refining

Shell to close Australia refinery amid high competition, will convert site to fuel import terminal

Shell is proposing to convert its Clyde refinery and Gore Bay terminal in Sydney, Australia, into a fuel import terminal.

NuStar Energy buys South Texas refinery, terminal from AGE for $41 mn

NuStar Energy has closed on its purchase of certain refining and terminal assets of bankrupt firm AGE Refining for $41 mn excluding net working capital. The deal includes a refinery in San Antonio, Texas.

Technip awarded EPC contract for Petrobras refinery in Brazil

Brazilian energy major Petrobras awarded Technip, in consortium with Tomé Engenharia, a lump sum turnkey engineering, procurement and construction (EPC) contract for five new units at the Presidente Bernardes refinery in Cubatão, state of São Paulo.

Biofuels may comprise 27% of global transportation fuel supply by 2050 – IEA report

A new report from the International Energy Agency (IEA) says that the widespread deployment of biofuels can play an important role in reducing CO2 emissions in the transport sector and enhancing energy security, when produced sustainably.

Chem safety board faces ‘significant challenges’ in US Deepwater Horizon investigation

The US Chemical Safety Board (CSB) continues to face “significant challenges” in its ongoing investigation into the Deepwater Horizon oil rig explosion, as companies and witnesses have sought to evade subpoenas for testimony and records and various investigation groups have not coordinated effectively, the agency said.

China’s Sinopec to cut fuel exports, lower chemical plant operating rates

Chinese refiner Sinopec will reduce fuel exports and lower chemical plant operating rates in order to increase domestic refined oil products supply, the company said on Tuesday.

Marathon Oil subsidiary Speedway named top US retail gasoline brand for third year

For the third year in a row, Speedway is the highest-ranked gasoline brand in the US, according to the Harris Poll EquiTrend survey of more than 25,000 consumers.

Koch Pipeline wins API’s top safety, environmental award for 2010

Koch Pipeline Co. employees won the API 2010 distinguished award for outstanding safety and environmental performance, considered the API’s highest award in the field, the company said.

KBR inks engineering contract with Saudi Aramco

KBR today announced that its newly-established Middle East-based engineering company has been awarded an engineering and project management services contract from the Saudi Arabian Oil Company (Saudi Aramco) as part of its general engineering services plus (GES+) initiative.

IPIC proceeds with plan for $3bn UAE refinery, gives engineering deal to Shaw

International Petroleum Investment Co. (IPIC) announced that it is proceeding with the implementation of a 200,000 bbl/day refinery at Fujairah, at an estimated cost of $3 billion.