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The downstream rundown: In case you missed it 7/8

News 7/8/2022 5:11:00 PM
Biofuels / Crude oil / Engineering & Design / Environment / Gasoline / Hydrogen

In case you missed any downstream news, here are the top stories from last week.

Exxon profit set to soar again; White House wants more oil

News 7/6/2022 11:45:00 AM
Economics / Gasoline / Refining

Wall Street analysts sharply increased their ExxonMobil Corp second-quarter profit estimates after the largest U.S. oil producer projected it could almost double its first-quarter earnings.

Oil from U.S. reserves sent overseas as gasoline prices stay high

News 7/6/2022 10:53:27 AM
Crude oil / Gasoline / Refining

More than 5 MM barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month.

Technip Energies wins EPC contract by Hafslund Oslo Celsio for a CCS project at waste to energy plant in Norway

News 7/5/2022 9:15:08 AM
Carbon Management / Gasoline / Process Optimization

Technip Energies has been awarded a large EPC contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway.

India to drop windfall tax if oil prices fall $40 a barrel

News 7/4/2022 11:45:16 AM
Crude oil / Refining / Gasoline

India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels.

Venezuela's second largest refinery suspends gasoline production

News 6/30/2022 1:59:27 PM
Gasoline / Economics

Venezuela's state company PDVSA has suspended gasoline production at the country's second largest refinery due to an outage at its reformer.

Strike underway at Exxon refinery in France

News 6/29/2022 1:07:22 PM
Refining / Gasoline

Workers at Exxon's Esso refinery in Fos-sur-Mer in southern France have gone on strike demanding higher wages.

Braskem Idesa announced partner for new $400 MM Mexico ethane terminal

News 6/28/2022 3:11:28 PM
Gasoline / Process Optimization

Braskem Idesa´s new partner in a $400 MM investment in an ethane import terminal in Mexico will be Advario, part of the storage and logistic infrastructure company Oiltanking.

Japan's gasoline demand almost at pre-pandemic levels after subsidy

News 6/23/2022 1:38:47 PM
Crude oil / Gasoline

The head of the Petroleum Association of Japan (PAJ) said the country's subsidies for gasoline had helped restore demand close to pre-pandemic levels in May and June.

Kuwait investing to meet any OPEC output increase

News 6/21/2022 3:26:22 PM
Economics / Gasoline / Crude oil

Kuwait Petroleum Corporation chief said the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand.