Crude oil
Occidental to sell parts of Anadarko after debt-fueled acquisition
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.
Petrobras targets private refineries with oil from storage
Brazilian state oil company Petroleo Brasileiro SA is shipping crude during June and July for storage in China to more quickly respond to demand from the country’s independent refiners
China April crude oil imports hit monthly record, refiners stocked up ahead of sanctions
China’s crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand.
Equipment reliability: Critical to protecting margins in a volatile environment
For any hydrocarbon processor, margin is king.
Industry Metrics
A combination of planned and unplanned refinery outages affected US gasoline production, resulting in considerable declines in inventory levels.
Executive Viewpoint: A vision for the refinery of 2030
The refining business needs to change dramatically over the next decade.
Asia: Japanese refining moves towards consolidation and increased efficiency
According to recent statements of leading Japanese analysts in the field of refining and the country’s largest producers, the Japanese refining industry is moving towards consolidation and an increase in efficiency.
Business Trends: How plastics waste recycling could transform the chemical industry
If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 MMtpy in 2016 to 460 MMtpy by 2030, taking what is already a serious environmental problem to a new level.
Industry Metrics
In the US, soaring gasoline stocks and poor fuel oil performance were offset by strong heating oil demand and higher product prices caused by weather-related refinery outages.
Europe: Russian petrochemicals industry on the verge of large-scale growth
The Russian government has announced its plan to increase the volume of support for its domestic petrochemicals industry over the next several years, with the aim of doubling its production and boosting exports, according to Russian Minister of Energy Alexander Novak and the press service of the Russian Presidential Administration.
- Kandla Port (India) advances methanol bunkering, marks key step toward green maritime transition 4/13
- PureField Ingredients receives U.S. EPA approval for ethanol carbon capture initiative 4/13
- Eslinger Biofuels and STX Group announce landmark clean fuel partnership 4/13
- FincoEnergies and Scan Global Logistics partner on Biofuel Swap verifiable road transport CO₂e reductions 4/13
- Indian state government approves $1.2-B, first-of-its-kind bamboo-to-biomethanol facility 4/13
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal 4/13
