Refining
EIA: Global oil market will be in supply deficit next year
Global oil demand will outpace supply next year, the U.S. Energy Information Administration (EIA) said on Tuesday, reversing a prior forecast for a surplus.
Update: Power outages hinder Hurricane Beryl recovery, delay port, infrastructure restarts
About 1.7 MM customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress was slow during the night, hampering efforts to restore critical oil infrastructure.
DNV validates Carbon8’s carbon capture and utilization methodology
DNV, the independent energy expert and assurance provider, has validated the methodology developed and used by Carbon8, an innovative cleantech company specializing in helping hard-to-abate industries reduce carbon emissions and landfilling of thermal residues.
India eyes energy deals with Rosneft, other Russian companies
India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade.
Oil companies, refineries in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power.
bp warns of 2Q profit hit from weak refining margins, oil trading
British energy giant bp said on Tuesday that weak refining margins and oil trading were likely to dent its 2Q profit, sending its shares down 3% in morning trading.
Marathon prepares Galveston Bay, Texas refinery units for restart
Marathon Petroleum Corp. began preparing on Monday to restart multiple units at its Galveston Bay oil refinery in Texas City, Texas, following a power outage earlier in the day.
Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled
Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.
Schwedt refinery hits 80% capacity despite ownership doubts
Germany's Schwedt oil refinery is running at > 80% capacity despite uncertainty over its future ownership but market conditions mean there is no incentive to go any higher.
Hurricane Beryl knocks out power as it churns across Texas, slows refinery activities, impels port closures
Hurricane Beryl lashed Texas with strong winds and heavy rain on Monday as it churned inland, forcing the closure of oil ports, cancellation of hundreds of flights and leaving nearly 2 MM homes and businesses without power.
- Tecnimont awarded green ammonia plant study in India 7/15
- Audi, bp team up with strategic sustainable fuels partnership for Formula 1 7/15
- Iowa biodiesel industry commends Rep. Hinson on letter to EPA 7/15
- Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline 7/15
- Russia may reinstate gasoline export ban from August if shortages worsen 7/15
- Nigeria's NNPC stake in Dangote refinery reduced over non-payment 7/15
- Digital Exclusive: SPECIAL FOCUS: Digital Technologies—Utilize process simulation digital twin to optimize condensate yield
- Digital Exclusive-Flare system design: Liquid pockets in flare headers
- Hydrogen-rich content gasoline: A new concept for paraffinic gasoline reformulation
- Alarm rationalization at Kuwait National Petroleum Company (KNPC) refineries
