Refining
KBR's ROSE technology selected by Zhejiang Petroleum for the largest SDA unit in China
KBR has been awarded a contract for its ROSE® supercritical solvent de-asphalting (SDA) technology from Zhejiang Petroleum & Chemical Co. Ltd. (ZPC), a subsidiary of Rongsheng Petrochemical Co. Ltd. in China.
AIChE and IChemE sign MoU to strengthen international STEM talent pool
The American Institute of Chemical Engineers (AIChE) and the Institution of Chemical Engineers (IChemE)—two professional societies dedicated to advancing the application of chemical engineering expertise internationally—have signed a Memorandum of Understanding (MoU) to further collaboration for the benefit of chemical and process engineering and society as a whole.
Russia's September western port oil loadings to rise 1.5% m/m despite seasonal refinery maintenance
Russia will increase oil exports via its western ports to 1.98 MMbpd in September, up by just 30,000 bpd from August, despite the expected start of seasonal maintenance on Russian refineries.
Transition to cleaner fuels seen dragging on China's oil demand growth
China's shift towards lower-carbon fuels and a sluggish economy are dampening oil demand growth in the world's largest crude importer.
Gunvor growing Asia operations, expanding into LPG, naphtha, gasoline, aromatics, power
Global energy trader Gunvor Group is growing its Asia operations to expand in existing markets such as liquefied petroleum gas (LPG), naphtha, gasoline and aromatics as well as into new areas including power.
U.S. Gulf Coast-bound fuel oil cargoes hit 5-yr low as refinery demand weakens
Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened.
Colombia's diesel price hike leads to trucker strike and unrest
Colombia's decision to reverse a diesel price hike that sparked a strike by truckers could adversely affect public finances, as majority state-owned energy company Ecopetrol said it would begin shutting off some operations amid the unrest.
Fire at Moscow refinery will not cause fuel shortages, minister says
A recent fire, caused by a drone strike, at a major Moscow refinery will not lead to fuel shortages in the region as production from other refineries would compensate for the temporary disruption.
Asia refining margins at lowest seasonal levels since 2020 as supplies grow
Asian refiners' margins slumped to their lowest seasonal levels since 2020 this week as supplies of diesel and gasoline rose after peak summer travel demand ended
Port of Rotterdam power outage affects bp's refining operations
A power outage in the Rotterdam port area in the Netherlands briefly interrupted operations at bp's 400,000-bpd oil refinery.
- 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
