Europe
Eni targets plastics purchase in strategy shift
MILAN (Reuters) — Energy firm Eni aims to express an interest in bidding for an Italian bioplastics business in a move that underlines a longer-term desire to hedge its exposure to oil and gas, financial sources said.
Clariant selected for new propane dehydrogenation unit in China
MUNICH — Clariant, a company in specialty chemicals, announced an agreement with Xuzhou HaiDing Chemical Technology Co. Ltd. to develop a custom-built CATOFIN catalyst and propane dehydrogenation (PDH) unit in cooperation with its technology partner CB&I.
Trafigura buys downstream oil assets in Argentina
LONDON (Reuters) — Commodities trader Trafigura said it has agreed to buy an oil refinery, more than 250 service stations, a lubricants plant and fuel storage terminal in Argentina from Pampa Energia SA.
Russian oil refining seen at 280 MMt in 2017, 2018
MOSCOW (Reuters) — Russian oil refining is expected at around 280 MMt this year, remaining at around the same levels in 2018, deputy energy minister Kirill Molodtsov told reporters.
Alfa Laval awarded $6.5-MM heat exchanger order
LUND, Sweden — Alfa Laval—a company in heat transfer, centrifugal separation and fluid handling—has won an order to supply Alfa Laval Packinox heat exchangers to a refinery in the Middle East.
Oil shrugs off US fuel supply increase
LONDON (Reuters) — Oil rose on Thursday in a sign that investors are wary of pushing the market lower in response to an unexpectedly large rise in US stocks of refined products that has increased concern about the demand outlook.
Poland refiner buys another crude oil shipment from Gulf Coast
WARSAW (Reuters) — Poland’s second-largest oil refiner Grupa Lotos has bought a second crude oil shipment from the United States as part of a plan to reduce its reliance on Russian oil supplies, it said on Wednesday.
Oil edges further above $62, helped by expected fall in US stocks
LONDON (Reuters) — Oil edged further above $62/bbl on Tuesday, supported by strong demand, expectations of a drop in US crude inventories and an OPEC-led deal to extend oil output cuts.
Oil eases 1% on profit-taking as US output eyed
NEW YORK (Reuters) — Oil fell more than 1% on Monday on profit-taking as the market eyed signs of rising US production, though prices remained close to recent 2-yr highs thanks to last week's decision by OPEC and other producers to extend output cuts.
Dark oil: Loophole lets Russian refiners dodge duties
(Reuters) — Two Russian refiners are avoiding export duty on fuel oil and vacuum gas oil by renaming them as an oil product that is exempt from the charge, according to a Reuters analysis of customs and refining data, and four industry sources.
- Rompetrol completes DCU project at Petromidia refinery 7/17
- U.S. SAF production forecast to eclipse 50,000 bpd by 2026 7/17
- Pertamina expects Balikpapan's CDU IV to resume later this month 7/17
- Exxon shut Joliet, Illinois, refinery after power outage 7/17
- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
- Tribunal rejects TC Energy's $15-B claim for Keystone XL 7/17
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
