Refining
TransMontaigne to acquire west coast refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 MM.
Alfa Laval Wins $6.6 MM Refinery Order
LUND, Sweden — Alfa Laval, a company in heat transfer, centrifugal separation and fluid handling, has won an order to supply welded heat exchangers to a refinery in the Middle East.
Saudi Arabia to supply full Dec crude volumes to three North Asian refiners
SINGAPORE/TOKYO (Reuters) — Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to three North Asian refiners in December, three sources with direct knowledge of the matter said on Thursday.
Poland's Lotos gets first delivery of crude oil from US
WARSAW (Reuters) — Poland’s state-run refiner, Lotos, got its first shipment of crude oil from the United States on Thursday, part of its wider plan to diversify oil supplies and reduce reliance on Russian deliveries.
Neste, Bapco renew base oils agreement produced at Bahrain plant
A new commercial agreement defines a renewed cooperation model for calendar year 2018. It secures Neste a significant share of the output of the base oils JV plant for 2018, allowing Neste to continue supplying its full customer portfolio, and enabling Bapco to launch its own brand to the global market from Jan. 1, 2018.
Indian Oil Corp starts crude oil trading through Singapore subsidiary
NEW DELHI (Reuters) — India’s top refiner Indian Oil Corp on Wednesday began trading crude oil through its Singapore unit, buying a million barrels of Nigerian oil Akpo, the state-run company’s head of finance AK Sharma said.
China sets 2018 non-state crude oil import quota 55% higher than 2017
BEIJING (Reuters) — China has raised its 2018 crude oil import quota for "non-state trade," generally meaning independent refiners, by 55% over 2017, raising the clout of the independents in the global market after a setback this year.
Sulphur ’17: Oil and gas market outlook
ATLANTA — James Preciado, liquid fuel markets team leader, US Energy Information Administration (EIA), spoke about an “in-balance” global oil market, but at what price, during the CRU Group’s Sulphur 2017 conference in Atlanta. In Q4 2017, the market is tight, but in future years oil may need to go over $100/bbl to meet supply demands.
Dangote selects AspenTech software for its refinery
BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that the Dangote Group, the largest conglomerate in West Africa and one of the largest on the African continent, has selected Aspen PIMS-AO software for economic and operational planning.
EIA: More US distillate is being exported
US distillate exports have continued to increase in 2017, both in volume and as a share of total distillate production. Domestic distillate demand has remained relatively stable, increasing slightly from January through July 2017.
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