Petrochemicals
Oman's OQ, Kuwait Petroleum International and SABIC plan petrochemicals complex
Oman's state energy company OQ has signed an agreement to develop a petrochemicals complex in the Duqm economic zone with Kuwait Petroleum International and Saudi Basic Industries Corp.
Tanker rates for refined petroleum products reach multiyear highs during 2022 (1)
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.
Asia jet fuel set for bumpy ride in 2023 despite some China recovery
A full recovery in jet fuel consumption will boost Asian refiners' margins and crude demand further, lifting global prices.
Lummus to provide digitalization services to Zhangzhou CHIMEI Chemical Company
Lummus Technology announced it has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalization services at their petrochemical facility in Gulei, Fujian Province, China.
Aramco and TotalEnergies to build $11-B Saudi petrochemicals plant
Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.
ExxonMobil doubles polypropylene production at Baton Rouge
ExxonMobil today announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.
Lukoil-controlled Italy refinery will keep going despite oil embargo
An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.
India's Essar Group plans $4.9 B petrochemical complex in Odisha
India's Essar Group plans to set up a $4.92 B petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.
A novel deep catalytic cracking technology for residue-to-chemicals processes
Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.
Innovations
N’GENIUS Materials Technology has developed a new series of high-strength austenitic stainless steels that the company says will transform how materials are specified and utilized across the oil and gas sector.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
