Refining

Amberjack Capital forms strategic partnership with Industrial Thermal Services

Amberjack Capital Partners, a private equity firm investing in critical infrastructure services, has announced its partnership with Industrial Thermal Services LLC (ITS), a premier provider of industrial heat treating and specialty services.

Aster Chemicals to bid for ExxonMobil's Singapore fuel stations

Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for ExxonMobil's petrol stations in Singapore, as the refiner seeks retail fuel sales outlets.

Update: Valero to shut Benicia refinery due to tough regulatory environment, high costs

Valero Energy on Thursday said it would cease operations at its 170,000-bpd San Francisco-area oil refinery next year amid worries about California's declining fuel supplies and high gasoline prices.

U.S. refiner Phillips 66 posts bigger-than-expected quarterly loss on lower margins

Phillips 66 has reported a bigger-than-expected loss for the first quarter, hurt by lower refining margins amid widespread maintenance and turnaround activities across the U.S. refining sector.

Yokogawa to acquire Web Synergies, a provider of IT and integrated IT/OT solutions

Yokogawa Electric Corp. has finalized an agreement to acquire Singapore-based Web Synergies, a leading provider of information technology (IT) and integrated IT and operational technology (OT) solutions.

Eckero Line to use Neste renewable diesel for commercial maritime transport

Neste and Finnish company Eckerö Line, which operates ferry services between Helsinki and Tallinn, are continuing their collaboration to reduce maritime emissions. Eckerö Line provides freight and passenger services on the Baltic Sea and is the first company in Finland to adopt Neste MY Renewable Diesel™ for commercial maritime transport.

Indian Oil plans to operate Gujarat refinery at higher capacity from mid-2026

Indian Oil Corp. plans to operate its Gujarat refinery in western India at an expanded capacity of 360,000 bpd by mid-2026, executive director Biplob Biswas said.

Valero Energy reports first-quarter loss on lower margins, impairment charges

Valero Energy reported a first-quarter loss compared with a year-ago profit, weighed down by lower refining margins and around $1 billion in impairment charges related to its West Coast assets.

California (U.S.) governor drives out refiners then pleads for reliable fuel supplies

California (U.S.) Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.

TotalEnergies to boost SAF and hydrogen production at Antwerp