Refining
Iraq invites foreign companies to develop Nassiriya oilfield, refinery project
The contract would come in a package that would include the construction of a refinery and will have more favorable terms than the previous service contracts that Iraq signed with international oil companies, a domestic oil industry official said, without giving further details.
ExxonMobil, UOP to upgrade production technology for Bosnian refinery
The refiner will combine UOP’s Unicracking hydroprocessing solutions with EMRE’s distillate and lubricant de-waxing technologies. The complex will upgrade more than 45,000 bpd of kerosene, diesel and vacuum gas oil feedstock into high-quality diesel and jet fuels.
Air Products launches US Gulf hydrogen network
Air Products had operated two hydrogen pipeline systems in Texas and Louisiana before joining them with a new 180-mile segment. The new GCCP network is now able to provide hydrogen to customers along the 600-mile pipeline span from over 20 hydrogen production facilities.
Rosneft to buy entirety of Russian TNK-BP venture
A Rosneft takeover of TNK-BP would bring the Russian state's control over oil production to nearly 50% and mark a major milestone in Mr. Putin's reassertion of Kremlin control over the strategic oil sector, much of which was sold off in the privatizations of the 1990s to well-connected tycoons.
Saudi Aramco chooses engineering contractors for Jazan refinery project
The Jazan refinery and terminal project is a 400,000 bpd refinery with associated terminal facilities on the Red Sea near Jazan. Scheduled for completion in late 2016, the refinery will process Arabian Heavy and Arabian Medium crude oils, and produce gasoline, ultra-low sulfur diesel, benzene and paraxylene.
Valero looks to sell two California refineries
Valero, one of the largest US refiners, operates a 78,000-bpd refinery in Wilmington outside Los Angeles and a 132,000-bpd refinery in Benicia, in the San Francisco Bay area. Together the plants represent about 10% of the company's US refining capacity. Valero has not yet put a price tag on the refineries.
HPI spending pegged for slight increase in 2013
Even with healthy predictions for expenditures, market players are remaining cautious when making decisions on key projects as they await regulatory clarity. The forecast breaks out capital spending to reach $57.6 billion and maintenance spending to reach $69 billion.
API sees falling US demand for gasoline, distillates
Demand for gasoline dropped 2% from a year earlier, to 8.572 million bpd, the API said. The nine-month average demand of 8.73 million bpd was down 0.7% from the same time in 2011. September demand for distillate fuel (heating oil/diesel) was 4% below the year-earlier level, at 3.777 million bpd.
China's teapot refiners plot expansions to escape government crackdown
Government policies in the resources sector in recent years have caused the closure of hundreds of small Chinese coal mines and cement and steel factories but a similar push in oil refining is playing out differently, including through ventures with state companies.
EU proposes to reduce use of food-based biofuels
The European Commission is proposing to limit the share of energy from food crop-based biofuels to no more than 5% of the total energy used in the transport sector in 2020. That represents roughly the current amount of food crop-based biofuels used in EU transport fuels.
- Shell Catalysts & Technologies, Technip Energies sign global alliance agreement for carbon capture delivery 7/17
- KBR wins FEED contract for KEPPT’s fertilizer facility in Iraq 7/17
- EIA: U.S. crude stockpiles fall as exports rise; fuel demand drops 7/17
- Uruguay SAF project gains momentum with Velocys Onboard as FT licensor 7/17
- Targray teams up with SABA to streamline SAF procurement 7/17
- Moeve and Zaffra sign Memorandum of Understanding to develop eSAF facilities in Spain 7/17
