Refining
EIA: US crude stockpiles fall the most in nearly a year
NEW YORK (Reuters) — US crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year while exports and production continued to rise, the Energy Information Administration said on Wednesday.
XOS launches analyzer for testing critical elements in petroleum refineries
ALBANY, N.Y. — XOS has announced the worldwide release of Petra MAX, a new D4294 analyzer with combined analysis of 13 elements from P to Zn. Petra MAX delivers high-precision sulfur analysis in addition to rapid monitoring of critical elements like Ca, Fe, K, Ni, and V at sub-ppm levels.
Iraq sets up oil shipping, trading joint venture
DUBAI (Reuters) — OPEC member Iraq has formed a JV with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources.
Thai Oil buys 1 MMbbl North Sea crude for Nov to replace Mideast oil
SINGAPORE (Reuters) — Refiner Thai Oil PCL has bought 1 MMbbl of North Sea Forties crude to be delivered in November to replace more expensive Middle East oil, trade sources said on Wednesday.
S.Korea's July Iranian crude oil imports jump 27%
SEOUL (Reuters) — South Korea's crude oil imports from Iran rose 26.5% in July from a year ago, driven by Seoul's strong appetite for competitively priced Iranian light oil as Tehran looks to boost market share.
China's state oil giant to complete ownership reforms by Nov
SHANGHAI (Reuters) — State-owned refiner China National Petroleum Corp (CNPC) said it will complete mandatory mixed-ownership reforms before the end of November, as part of government efforts to make state firms more efficient and market-oriented.
Oil traders expect Asia to import more Venezuelan crude if US sanctions kick in
SINGAPORE/HOUSTON (Reuters) — Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.
Former Mexico oil chief denies taking bribes from Odebrecht
MEXICO CITY (Reuters) — The former head of Mexican state oil company Pemex, Emilio Lozoya, "categorically denied" allegations he received $10 MM in bribes from Odebrecht in exchange for awarding the Brazilian company a contract at a refinery.
Calumet Specialty Products to sell Superior refinery, related assets
INDIANAPOLIS — Calumet Specialty Products Partners, L.P., an independent producer of specialty hydrocarbon and fuels products, announced that it has signed definitive agreements to sell the ownership of its Superior, Wisconsin refinery and various related assets to Husky Superior Refining Holding Corporation, a wholly owned unit of Husky Energy.
CB&I awarded storage project for Saudi Aramco refinery
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
