Europe
Ecoslops and Galp giving a new life to oil residues
SINES — Ecoslops, a technology company that regenerates ship-generated hydrocarbon residues (or slops) into valuable new fuels and light bitumen, announced the implementation of a long-term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp.
Greek oil spill spreads to Athens Riviera
ATHENS (Reuters) — Crews scrambled on Wednesday to clean up an oil spill from a sunken tanker which had spread to some of Athens's most popular beaches.
EU carmakers offer conditional 20% CO2 cut by 2030
FRANKFURT/BRUSSELS (Reuters) — European carmakers have offered a further 20% cut in average carbon dioxide emissions for their vehicles in the next round of EU goals currently being drawn up, but said full compliance should wait until 2030 and remains conditional on consumer uptake of electrified cars.
IEA: Global oil inventories shrinking on robust demand
LONDON (Reuters) — The global oil surplus is beginning to shrink due to stronger-than-expected European and US demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday.
Mexican agency finds irregularities in Pemex, Odebrecht contract
MEXICO CITY (Reuters) — Mexico's top anti-corruption agency said on Monday it had identified $6.7 MM in "new irregularities" from a contract between state oil company Pemex and Odebrecht, the Brazilian engineering firm that has admitted paying bribes in a dozen countries in recent years.
Shell eyes Asia, aims to expand vehicle recharging at fuel stations
LONDON (Reuters) — Royal Dutch Shell aims to expand marketing operations in Asia and wants 20% of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025, as the world shifts away from crude.
Rosneft to ship record 40 MMt of oil to China in 2017
MOSCOW (Reuters) — Russia's top oil producer Rosneft plans to export a record 40 MMt of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday.
Oil weakens on fears Irma could dent US demand
LONDON (Reuters) — Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Florida could dent oil demand in the world's top oil consuming nation.
Industry Metrics
US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand.
Business Trends: The state of the global refining sector
Over the past few years, the world has witnessed significant downstream capacity growth in all sectors of the hydrocarbon processing industry (HPI).
- AVTL to develop ammonia terminal in Pipavav, India 6/20
- Chevron seeks buyers for 50% stake in Singapore refinery 6/20
- Asian refiners seek more Mideast oil after spot premiums jump on Israel-Iran conflict 6/20
- Mexican authorities discover clandestine mini-refinery in crackdown of illegal hydrocarbon trade 6/20
- Italy's Eni eyes new unit to manage oil refineries 6/20
- Inatech's Techoil implemented by Flint Hills Resources for a modern, integrated future 6/20
