Refining
Lured by discounts, US East Coast refiners snatch up Brazilian crude
NEW YORK/HOUSTON (Reuters) -- US East Coast refiners are on a Brazilian crude buying spree, market sources say, displacing West African cargoes as producers such as Royal Dutch Shell and Norway's Statoil sell rising output from fields off Brazil's coast.
Marathon Petroleum's profit beats; says to speed up asset transfer
(Reuters) -- Marathon Petroleum Corp reported a higher-than-expected quarterly profit and said it would speed up the transfer of assets to its unit, MPLX LP.
Imperial Oil profit boosted by asset-sale gain
(Reuters) -- Imperial Oil Ltd, majority owned by ExxonMobil Corp, reported a sharp rise in fourth-quarter profit, helped by a gain from the sale of its service stations.
Venezuela's Paraguana refineries at 42% of capacity
(Reuters) -- Venezuela's Paraguana refining complex was operating at about 42% of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system.
Sulfur-rich crudes, usually discounted, shine after OPEC cuts
LONDON (Reuters) -- Efforts to stem the world's surplus of crude oil have thus far only moderately balanced the market -- but have turned typically lower-quality crude into the most sought after barrels.
Valero Energy profit beats estimates on higher ethanol margins
(Reuters) -- Valero Energy Corp, the largest independent US refiner, reported a better-than-expected quarterly profit as higher margins in its ethanol unit more than offset weakness in its refining business.
Nigeria's Trans Forcados pipeline to reopen near end Q2
FLORENCE/LONDON (Reuters) -- Nigeria's Trans Forcados Pipeline which has been shut for most of the last year could reopen "towards the end of the second quarter," Seplat Chief Executive Austin Avuru said.
Pertamina to go solo on Balongan refinery
JAKARTA (Reuters) -- Indonesian energy company Pertamina will proceed with an upgrade of its Balongan refinery without a partner, company officials said on Monday.
Ghana's only oil refinery shut after explosion
ACCRA (Reuters) -- Ghana's only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating unit, a senior union official said on Friday.
Sinopec awards DuPont technologies contract for alkylation technology
WILMINGTON, Del. – DuPont Clean Technologies announces that China Petrochemical Corporation (Sinopec) has awarded DuPont the license and engineering contract for its STRATCO Alkylation Technology. The new unit is to be located at the existing Sinopec Tianjin Company (TPCC) refinery in the Tianjin Binhai New Area district. The addition of the STRATCO sulfuric acid alkylation unit will improve the quality of the existing refinery gasoline pool to ensure compliance with the China V standard.
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- India permits Iranian oil tankers to berth for Reliance 4/10
