Refining

Saudi Arabia, Indonesia sign several deals worth around $27 B

Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.

Angola hikes diesel price again to bolster public finances

Angola hiked the diesel price by one-third from Friday as part of the government's drive to curb costly subsidies and shore up public finances.

KHIMOD raises €23 MM to accelerate its growth

KHIMOD, a French climate-tech company that specializes in producing low-carbon synthetic molecules and valorizing carbon dioxide (CO₂), has announced a €23-MM funding round.

Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector

Digital Feature: The critical interdependency of relief valve analysis and flare system considerations during HAZOP

Hazard and operability (HAZOP) studies are a systematic and structured methodology used to identify potential hazards and operability issues in industrial processes. One of the key safeguards often considered in HAZOP studies is pressure relief valves and flare systems to mitigate overpressure scenarios.

U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude

Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

Shell flags profit hit from weakness in gas trading and chemicals business

Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.

Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth

Air Liquide will invest up to $200 MM in Louisiana, U.S., to modernize and connect an air separation unit (ASU) to its existing network.

China's Shandong raises fuel oil import tax rebates for some refineries

The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand.

Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI

AI has the potential to effect a real change. By harnessing vast amounts of operational data, AI can support process optimization, help to predict equipment failures and better facilitate the integration of renewable energy sources. These capabilities can improve asset performance as well as operational sustainability.