Refining
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.
BridgeTex pipeline to deliver crude from Permian Basin to Houston Gulf Coast
The pipeline will transport up to 300,000 bpd of crude oil, with access to Houston Ship Channel refineries, Texas City refineries and other refineries throughout the Gulf Coast.
Repsol looks to Argentina for YPF compensation
The chairman of Spanish oil major Repsol said the company hopes to arrive at an agreement with the Argentinean government for the nationalization of Repsol subsidiary YPF in April. Argentina seized control of YPF after accusing Repsol of not investing enough in the unit.
- Ineos to shut polystyrene facility in Illinois (U.S.) by the end of the year 6/19
- How ASTM approval of methanol-to-jet accelerates SAF at scale 6/19
- EU crafts plan to give industries extra free CO2 permits this year 6/19
- PetroChina forecasts Chinese oil consumption will drop 4.9% this year 6/19
- Digital Exclusive: Water injection pump mechanical seals failure after pump shutdown 6/19
- Russian gasoline output down 25% so far in June after drone attacks on refineries 6/19
