Refining

Indian-backed oil refinery in Mongolia should begin operations in 2028

Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.

Cognite to unleash next-gen industrial AI with NVIDIA

Cognite, a global leader in industrial AI, has announced that the Cognite Industrial AI and Data Platform, which includes Cognite Atlas AI™ and Cognite Data Fusion®, is now integrated with NVIDIA accelerated computing and software to unlock new levels of efficiency, intelligence and innovation for asset-heavy industries.

Strathcona Resources terminates takeover bid over for MEG Energy Corp.

Update: ExxonMobil restarts FCCU at Texas refinery

Study: Methane emissions from crude oil and gas supply chains significantly underestimated

Global methane emissions from oil production are now reported to be 15 times higher in International Energy Agency (IEA) data compared to IOGP figures, with discrepancies for Russia reaching 10-fold and for Saudi Arabia an astonishing 40-fold.

Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help

Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.

Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec

The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.

Aramco completes acquisition of additional stake in Petro Rabigh

Indonesia's Pertamina modifies two refineries to convert cooking oil into fuel

Pertamina is modifying facilities at its Dumai and Balongan, which will join its Cilacap plant that already processes vegetable oils into fuel.

Eni seeks approval for Sicily biorefinery, recycling plant

Italy's energy ministry recently cleared the application to proceed with the project, which will use the area currently occupied by Eni's ethylene plant, set to be gradually decommissioned.