Refining
China's Shandong raises fuel oil import tax rebates for some refineries
The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand.
Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI
AI has the potential to effect a real change. By harnessing vast amounts of operational data, AI can support process optimization, help to predict equipment failures and better facilitate the integration of renewable energy sources. These capabilities can improve asset performance as well as operational sustainability.
Digital Feature: Flare system design—The importance of periodic evaluation of existing facilities
This article emphasizes the critical importance of routinely revalidating relief and flare system designs, much like the periodic review of process hazard analyses. A detailed case study is reviewed to illustrate the value of such revalidations.
Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal
Valmet will deliver a Valmet DNA distributed control system to a bio-based process plant in Portugal. The order was placed by Valmet’s new Value Added Reseller (VAR) partner Tecnilab AV Portugal S.A.
EIA: U.S. crude and gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose unexpectedly last week, while distillate stockpiles fell.
Vitol group submits bid above $10 B for Citgo's parent
A group led by commodities trading house Vitol submitted a bid exceeding $10 B in the final hours of a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM
Studi Tecnologie Progetti S.p.A. announced that it has signed a $600-MM contract with Attock Refinery Ltd. for the modernization of the Rawalpindi refinery in Pakistan.
Axens, IFPEN, and SMS group Launch Carboverseo™: Essential Technology for e-fuels deployment
In a groundbreaking development, Axens, in collaboration with IFP Energies nouvelles (IFPEN) and SMS group, has successfully homologated the Carboverseo™ technology. This innovative reverse water-gas shift process, which converts CO2 into CO, is now live and ready to revolutionize the e-fuel industry by providing a robust and scalable solution for transforming CO2 into valuable products.
Shell renews contract with Cyberhawk, enabling a global visualization and data integration platform across its portfolio
Cyberhawk™ is pleased to report the renewal of its five-year global agreement with Shell. The comprehensive iHawk™ contract will extend their successful collaboration to projects and assets worldwide and serve a user base that has expanded to more than 6,000.
UK's Lindsey oil refinery insolvent, 420 jobs at risk
Britain's Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country's reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil.
- Verso Energy awards FEED contract to Rely for the DEZiR eSAF project 11/17
- Iran confirms seizure of tanker with petrochemical cargo headed for Singapore 11/17
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
