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Refining

EIA: U.S. refining capacity increased in 2023 with expansions and existing facilities

U.S. refining capacity increased in 2023 for the second time since the COVID-19 pandemic, according to the U.S. EIA’s annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity totaled 18.4 MMbpd at the start of 2024, a 2% increase compared with the start of 2023.

Neste, HELLENiQ ENERGY collaborate to boost the availability of blended SAF in Greece

Neste and HELLENiQ ENERGY have collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki, Greece.

SUEZ and hte collaborate for the catalytic valorization of biomass

This collaboration focused on the screening of various catalytic materials to convert biomass-derived feedstocks into sustainable gases.

Angola's new 30,000-bpd Cabinda refinery to start up later this year

Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year.

Phillips 66 beats 2Q results estimates on midstream unit strength

Refiner Phillips 66 reported quarterly results that beat analysts' estimates, helped in part by strength at its midstream unit, even as it grappled with lower margins due to a tepid summer driving season.

India to boost refining capacity to 6.19 MMbpd by 2028

India's annual refining capacity is projected to rise by about a fifth to a 309.5 metric MMt equivalent to 6.19 MMbpd by 2028 to meet rising local fuel demand.

Cepsa swings back to profit in 2Q on higher prices, wider refinery margins

Spain's second largest oil company Cepsa said on Monday it returned to profit in the second quarter thanks to higher oil and gas prices, lower costs and wider refining margins.

Libya's NOC denies it is in talks to supply crude oil to Nigeria refinery

Libya's National Oil Corporation (NOC) has denied holding negotiations to supply crude oil to a refinery in Nigeria.

Nigeria's Dangote refinery said to be reselling crude

Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.

Petrobras wrapping up due diligence to buy back refinery from Mubadala

Brazil's state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 B in 2021.