Refining
US crude inventories slump amid near record refining
(Reuters) — US crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the Energy Information Administration said on Wednesday, even as gasoline and distillate stockpiles also dipped.
Pertamina appoints Sinopec unit for crude oil processing
JAKARTA (Reuters) — Indonesian state oil and gas company PT Pertamina has appointed a unit of China's Sinopec to process crude oil from Iraq, Daniel Purba, a senior vice president said on Wednesday.
DONG Energy to sell oil, gas business to Ineos for $1.3 B
COPENHAGEN (Reuters) — Danish utility and offshore wind farm developer DONG Energy has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 B, it said on Wednesday, the latest in a string of North Sea deals.
Saudi Aramco plans up to $30-B investment in Motiva by 2023
HOUSTON (Reuters) — Saudi Aramco plans an investment of up to $30 B in its US subsidiary Motiva Enterprises LLC, the company said in an announcement at a business summit in Saudi Arabia.
Equatorial Guinea, Arabian Energy enter agreement for African oil terminal
MALABO, Equatorial Guinea -- Following the signing of an agreement between the Government of Equatorial Guinea and Arabian Energy DMCC to work together on the Bioko Oil Terminal in Saudi Arabia, the realization of the petroleum tank farm gained some important momentum.
India moving beyond oil as seeks alternatives to OPEC
VIENNA/NEW DELHI (Reuters) — OPEC production cuts and the prospect of more expensive oil are pushing India to consider US and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country's petroleum and natural gas minister said on Monday.
Mexico says supports OPEC cuts as way to stabilize oil market
VIENNA (Reuters) — Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday.
Asia oil refinery delays favor producer case for extending output cuts
SINGAPORE (Reuters) — Delays in the start up of new oil refineries in Asia will provide support for appeals by crude producers, led by Saudi Arabia and Russia, to extend output cuts to next March to support higher prices.
China says will eventually allow private companies to invest in oil storage
BEIJING (Reuters) — China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges on reforming heavily monopolized oil and gas industries.
Saudi Aramco: looking for opportunities to expand in US over 10 yr
RIYADH (Reuters) — National oil firm Saudi Aramco is looking for opportunities to expand in the United States over the next 10 yr, and wants to develop the business of its Motiva refinery in that country, chief executive Amin Nasser said on Saturday.
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- 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
