Crude oil
Iran says EU ban on crude imports to hurt Europe
Iran doesn't expect Europe to follow through on its threat to ban imports of oil from the Islamic republic because it would hurt the euro zone's energy security.
Sunoco idles key processing units at Pennsylvania refinery, cites weak market
US refiner Sunoco is indefinitely idling the main processing units at its refinery in Marcus Hook, Penn., citing deteriorating refining market conditions. The company said it also intends to increase the capacity utilization rate of its Philadelphia refinery and will continue to operate the refinery as long as market conditions warrant.
NPRA praises US transition to net fuels exporter
A new report that says growing US exports of petroleum fuels may enable the country to become a net exporter of refined petroleum products this year for the first time since 1949 is good news for the US, according to National Petrochemical & Refiners Association (NPRA) president Charles T. Drevna.
HPI Market Data 2012 Executive Summary
THE NEXT STEPThe economic recovery continues for the global hydrocarbon processing industry (HPI). Energy drives economic growth. Unfortunately for developed nations, stronger economic recovery remain..
HP Construction: North America
Alfa Laval has an order to supply newly developed equipment for cleaning industrial wastewater in Canada. The order value is approximately SEK 60 million and delivery is scheduled for 2012.The order f..
HP Construction: Middle East
Burckhardt Compression has an order from Petroleum Development Oman LLC to deliver one process gas compressor for a new miscible gas injection (MGI) facility in the Sultanate of Oman. The responsible ..
ConocoPhillips finishes Illinois refinery expansion
ConocoPhillips said the expansion project at its joint-venture Wood River refinery in Roxana, Illinois, has been completed following the successful start of a new coker unit. The Wood River Refinery is jointly owned by ConocoPhillips and Cenovus Energy and is operated by ConocoPhillips.
EU imposes new Iran sanctions, but no oil embargo
European Union foreign ministers agreed Thursday to impose new sanctions on additional Iranian entities, but a French proposal for a blanket embargo on Iranian oil exports met significant resistance. EU foreign policy chief Catherine Ashton said an oil embargo was still "being debated" and diplomats said some restrictions on Iran oil imports were likely to be imposed in the coming months.
Neste Oil, Bapco start up base oil plant in Bahrain
Neste Oil, The Bahrain Petroleum Co. (Bapco), and nogaholding have officially opened their new joint base oil plant in Bahrain. The plant has a capacity of 400,000 tpy and is located at Bapco's refinery on Bahrain's east coast.
Norway agency sees "very serious shortcomings" in BP safety
BP’s efforts to monitor and respond to sudden pollution releases such as oil spills in the Norwegian Sea suffer from "very serious shortcomings" that demand immediate improvement, Norwegian regulators said. The report is the latest indication of health and safety issues at BP, which was plagued by a massive oil spill in the US Gulf of Mexico in 2010 and by numerous other accidents in recent years.
- TotalEnergies and Bapco Energies launch BxT Trading, a new player in the trading of petroleum products in the Middle East 1/14
- Advent Technologies and Airbus expand fuel cell technology for the aviation industry 1/14
- Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms 1/14
- Moeve supplies SAF to Condor flights from Tenerife South Airport to several German cities 1/14
- Chinese refiners' 2025 oil imports, December inflows both hit record highs 1/14
- Vietnam's Nghi Son refinery processes first batch of non-Kuwaiti crude oil 1/14
