Refining
India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 yr
Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.
Germany's Schwedt refinery to run at 70% of capacity from June
Germany's Schwedt oil refinery will run at 70% of capacity from June, German state secretary Michael Kellner said as he greeted a tanker arriving at the Gdansk terminal in Poland with non-Russian oil en route to the refinery.
Alberta producers restart oil and gas operations as wildfires temporarily ease
A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
Vietnam's Binh Son refinery to borrow $754 MM for expansion plan
Vietnam's Binh Son Refining and Petrochemical will take $754 MM worth of loans for a project to expand its sole oil refinery and boost its annual crude oil processing capacity by more than 1 million tons, the company said.
Nigerian president to commission Dangote refinery in two weeks
Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery, a presidency spokesperson said, setting up the plant for its first production since construction started in 2016.
GIDARA Energy announces major milestone: environmental permit for advanced methanol facility
GIDARA Energy is pleased to announce that it has secured a key environmental permit for its Advanced Methanol Amsterdam facility, which is a major step forward in the company’s mission of decarbonizing the industry.
Fire burns for third day at Shell Texas chemical plant
A fire burned for a third day on Sunday at Shell Plc's chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said.
Russia's Lukoil completes sale of ISAB oil refinery in Italy
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
SK Innovation sees 'solid' Q2 refining margin on China's reopening
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
Russia sticking to its oil output cuts says deputy Prime Minister Novak
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
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