Refining
Brazil's Petrobras to cut diesel, gasoline prices as oil falls
State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.
China company signs MOU with BP to supply crude to Isla refinery
Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.
Kuwait Petroleum to invest in Oman Oil’s Duqm refinery
Oman Oil Company and Kuwait Petroleum Corp. have signed a memorandum of understanding (MOU) to cooperate in the development of Duqm Refinery and Petrochemical Complex in the Duqm Special Economic Zone in Oman’s Al Wusta Governorate.
Italy's Saras says it will clear Iranian oil debt in 2017
Italian oil refiner Saras has paid $177 MM of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be cleared next year.
ExxonMobil launches Mobil Serv Lubricant Analysis in Middle East oil and gas sector
ExxonMobil has launched Mobil Serv Lubricant Analysis, a next generation used oil analysis service, which replaces ExxonMobil’s Signum Oil Analysis.
Pemex plans crude processing ramp-up by year-end
Mexico's state oil company Pemex plans to ramp up crude processing by the end of the year, after refining hit the lowest levels in at least five years in September following a series of plant stoppages.
Thailand's Bangchak reviewing refinery upgrade plan
Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.
BP announces investment of $30 MM in biojet producer Fulcrum
BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
Shipping fuel change to upend refining, threaten OPEC crudes
A switch to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries, but threatens to put older ones out of business and punish those countries that produce the wrong kind of crude.
- XRG to expand its global chemicals reach with takeover of Covestro 11/21
- U.S. FERC explores blanket authorizations for LNG projects 11/21
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- Indian and Chinese refineries are moving to comply with U.S. sanctions on Russia 11/21
- Dynamis Power Solutions awards Baker Hughes with significant order for gas turbine technology to support mobile power for oil and gas applications 11/21
- EIL signs MoU with Aramco Asia India Pvt. Ltd. for cooperation in various oil/gas activities 11/21
