Refining
Phillips 66 posts rising profit as refining leads way
The increase in earnings was largely driven by improved realized gasoline margins, partially offset by reduced distillate and secondary product margins, according to the company.
ExxonMobil mulls major expansion of Beaumont refinery into nation’s largest
According to the Reuters report, ExxonMobil has pulled together a group of experts at the plant to do more detailed studies on potentially adding a third crude distillation unit (CDU).
High margins lift Chevron’s downstream earnings
Both US and international downstream earnings improved at Chevron, led by higher margins on the sales of refined products. Overall earnings fell alongside weaker upstream results.
Neste supplies NEXBTL renewable diesel to global UPS trucking fleet
NEXBTL renewable diesel is a low-carbon renewable fuel that meets US national, California and other diesel specifications for use in diesel engines while realizing the benefits of better performance, and lower emissions. It is sold to fleets, refining companies and fuel distributors around the world.
Downstream earnings rise at BP as margins swell
BP said its underlying pre-tax replacement cost profit for the downstream segment was $1.9 billion, compared with $2.2 billion in the first quarter and $0.7 billion in the second quarter of 2014.
INVISTA, Plaxica work to commercialize bio-based lactic acid technology
The two companies will work together to develop and commercialize Plaxica’s lactic acid technology, which the companies believe will offer substantial cost and performance benefits to licensees in the polylactic acid and bio-propylene glycol value chains.
Louisiana refiner contracts CB&I on $100M project for Tier 3 clean fuels
The scope of work at the refinery in Louisiana includes detailed engineering, procurement, module fabrication and site construction of a naphtha hydrotreater and a revamp of an existing gasoline selective hydrotreater, which uses CB&I's CDHydro and CDHDS technology.
CB&I wins $90M equipment supply contract for Russia’s Afipsky refinery
The scope of work includes detailed engineering, procurement, fabrication and supply of a steam methane reformer for a large-scale hydrogen plant, hydrocracking heaters and Breech-Lock exchangers.
S-Oil contracts Axens on Korean refinery upgrade
The residue upgrading complex project (RUCP) is aimed at reducing fuel oil production while producing propylene through the conversion of atmospheric residue and will include the world’s first commercial high-severity FCC unit. Financial terms were not disclosed.
US gasoline demand rises to post-2007 high: API
Gasoline demand rose last month by 3.5% from June 2014 to average over 9.3 million bpd. These deliveries were the highest for any month since August 2007.
- Refinery closures may lead to higher gasoline prices on the U.S. West Coast 7/9
- INNIO Group, Gföllner Group establish JV, offering power solutions to the U.S. market 7/9
- Using lightning to make ammonia out of thin air 7/9
- bp sells 300 Dutch petrol stations to Catom 7/9
- U.S. crude stockpiles increase, gasoline falls on July 4 driving demand 7/9
- Nigeria's Dangote refinery plans 1.6-MMbbl fuel storage tanks in Namibia 7/9
