Refining
Report: Quarter of oil refineries risk closure under climate goals
LONDON (Reuters) — A quarter of the world's oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning in the fight against global warming, a report released on Thursday said.
Shell cancels plan to close Convent refinery gasoline unit
HOUSTON (Reuters) — Royal Dutch Shell Plc has shelved a plan to permanently close the gasoline-producing unit at its 227,586-bpd Convent, Louisiana, oil refinery in early 2018, the company said on Thursday.
BPCL ramps up run rate at Kochi refinery after expansion
SINGAPORE (Reuters) — India's Bharat Petroleum Corp Ltd (BPCL) has ramped up the operating rate of its Kochi oil refinery after completing an expansion at the plant in southern India, two sources with direct knowledge of the matter said on Thursday.
One worker dies in fire at Russia's Yaroslavl oil refinery
MOSCOW (Reuters) — One worker has died and another was injured when a crude oil distillation unit at an oil refinery in the Russian city of Yaroslavl caught fire on Wednesday, the refinery said.
Innovations
ABB has introduced a new MID/OIML R117 certified high-accuracy CoriolisMaster Coriolis mass flowmeter for custody transfer applications in the oil and gas industry (FIG. 1).
Safety: Process safety and risk management— An industry view
In 2017, Petrotechnics released its process safety and risk management (PSM) survey.
Industry Metrics
The global middle distillate market continued to improve on healthy demand and depleted stocks amid regional maintenance, while the bottom of the barrel saw pressure due to low demand and high inventory levels in Asia and Europe.
Business Trends: Preparing for a sea change in global refining
The global oil refining industry has been buffeted by many events in recent years.
Industry Perspectives: The latest in refining technology
Nearly 700 refineries are operating in more than 120 countries around the world.
Global: Russia’s plan to dominate fuel supply to Asia
Russia hopes to become a major supplier of gasoline, diesel fuel and other oil products to the Asia-Pacific region during the next several years, with help from the planned launch of large-scale refineries in the Far East that will be built with the participation of Asian investors.
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