Crude oil
Sarens replaces E451 heat exchanger at Hengyuan Refinery's oil plant in Port Dickson, Malaysia
Sarens has participated in the renovation and upgrading of the Hengyuan Refinery oil plant facilities by replacing the E451 heat exchanger with a new unit.
TotalEnergies restating Port Arthur, Texas, reformer
TotalEnergies began restarting the reformer at its 238,000-bpd Port Arthur, Texas, refinery on Monday, people familiar with plant operations said.
China's Yanchang seen doubling Russian oil purchases
China's state-controlled Shaanxi Yanchang Petroleum Group is expected to double its purchases of Russian ESPO blend this year to about one million metric tons, according to two sources familiar with the plant's operations.
Aramco supplies remain adequate despite oil production cuts
Saudi Aramco's CEO Amin Nasser said that the company's supplies to customers remain adequate even with recent voluntary oil production cuts by the kingdom, adding that global demand remained resilient despite economic headwinds.
Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3
Independent U.S. refiner Phillips 66 plans to run its refineries in the mid-90% range of their combined crude oil throughput capacity of 1.9 million bpd in the third quarter of 2023, Chief Financial Officer Kevin Mitchell said.
Britain commits to hundreds of North Sea oil and gas licenses
Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.
TC Energy shares rise on spinoff plans
Shares of TC Energy rose nearly 3% in premarket trading after the Keystone pipeline operator disclosed plans to spin off its oil pipelines business to focus solely on transporting natural gas.
Russia's ESPO blend crude prices to China soar on robust demand
Discounts for Russia's ESPO Blend crude arriving in China in September are at their narrowest in eight months on firm demand from Chinese independent refiners, trade sources said.
End of Nigerian fuel subsidy set to squeeze Europe's refiners
One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the country's domestic demand and a regional market for smuggled fuel.
Vietnam to see lower crude oil output in 2021-2030
Vietnam is expected to see a decline in its annual crude oil and coal output during the rest of this decade, the Ministry of Industry and Trade said.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
