Refining
Kuwait’s oil, gas workers plan to go on strike
Workers fear reduced salaries, benefits and layoffs will be part of a planned government overhaul of the payroll system in the public sector, according to the union.
US crude stocks unexpectedly fall as refiners run in overdrive
The EIA report was "modestly supportive" with the jump in refinery runs and fall in imports "obvious catalysts in causing overall crude oil inventories to decline," a key analyst said.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
Lyondell cuts Houston refinery output after fire
A large fire broke out Friday morning at LyondellBasell’s 263,776-bpd Houston refinery in Texas. It is the second major refinery fire in two days in the metro Houston area.
Nigeria’s fuel shortage lingers as NNPC eyes deals
Despite pumping 1.8 MMbpd of oil, Nigeria imports most of its fuel as its outdated refineries are often out of action. Analysts say fraud at a subsidized petrol scheme is also leading to the shortages.
TransCanada delays restart of Keystone oil line serving Illinois refinery
The outage of the Keystone oil pipeline from Canada has forced refiner Phillips 66 to cut run rates and shut units at its 306,000 bpd Wood River refinery in Illinois.
Asian refiners turn to Middle East’s heavy crudes over Latin America
Latin American crude sold to Asia fell 1% in the first three months of 2016 from a year ago, while Middle East exports to Asia rose 7% in the first quarter, according to new data.
Strong oil demand from China’s teapot refiners drives tanker jam
China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province.
Fire erupts at ExxonMobil’s Baytown refinery
Exxon said the fire was later extinguished, no workers were injured and output would not be hurt at the 560,500-bpd oil refinery, the second-largest in the United States.
China grants refiners additional fuel export quota
Gasoil makes up the bulk, or 39%, of the total volumes approved in the second round of export quotas at 5.71 million tons, followed by gasoline at 5.58 million tons.
- 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
