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Refining

U.S. refiners build new oil processing as travel rises

U.S. oil refiners aim to run at up to 94% of a total 17.9 million bpd processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand.

Crews responding to fire at Valero's Corpus Christi refinery

Crews are responding to a fire within the 290,000 barrel-per-day Valero Energy Corp's Corpus Christi West refinery in Texas, according to a community alert.

Venezuela's PDVSA to ramp up refining by 20% in 2023

Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.

One worker dies after fire at Marathon's Texas refinery

A Marathon Petroleum worker has died from injuries suffered in a fire that broke out at the company’s giant Galveston Bay Refinery in Texas City, Texas.

India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 yr

Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.

Germany's Schwedt refinery to run at 70% of capacity from June

Germany's Schwedt oil refinery will run at 70% of capacity from June, German state secretary Michael Kellner said as he greeted a tanker arriving at the Gdansk terminal in Poland with non-Russian oil en route to the refinery.

Alberta producers restart oil and gas operations as wildfires temporarily ease

A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.

Vietnam's Binh Son refinery to borrow $754 MM for expansion plan

Vietnam's Binh Son Refining and Petrochemical will take $754 MM worth of loans for a project to expand its sole oil refinery and boost its annual crude oil processing capacity by more than 1 million tons, the company said.

Nigerian president to commission Dangote refinery in two weeks

Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery, a presidency spokesperson said, setting up the plant for its first production since construction started in 2016.

GIDARA Energy announces major milestone: environmental permit for advanced methanol facility

GIDARA Energy is pleased to announce that it has secured a key environmental permit for its Advanced Methanol Amsterdam facility, which is a major step forward in the company’s mission of decarbonizing the industry.