Refining
S.Korea's SK Innovation to build new desulfurization unit by 2020
SEOUL (Reuters) — The owner of top South Korean oil refiner SK Energy said on Wednesday that it would spend about $897.8 MM to build a new desulfurization unit by 2020, part of a push to churn out cleaner shipping fuels.
HollyFrontier beats profit estimate as refining margins surge
(Reuters) — US oil refiner HollyFrontier Corp reported a better-than-expected third-quarter profit, helped by higher refining margins in the aftermath of Hurricane Harvey that swept through Texas.
Venezuela Amuay refinery slop tank overflows into bay
MARACAY, Venezuela (Reuters) — A slop tank at Venezuela’s massive Amuay refinery overflowed this week and products have spilled, polluting the nearby bay and staining tankers, according to a union leader and two refinery workers.
Andeavor Logistics completes acquisition of Western Refining Logistics
SAN ANTONIO, TEXAS — Andeavor Logistics LP and Andeavor announced that Andeavor Logistics has completed its acquisition of Western Refining Logistics, LP in a unit-for-unit transaction and assumption of $280 MM of net debt for a total enterprise value of approximately $1.7 B, based on Andeavor Logistics' closing unit price of $45.90 on Oct. 30.
China's Sinopec mulls US oil projects ahead of Trump's visit
SINGAPORE (Reuters) — China's state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with US President Donald Trump set to visit Beijing next week.
Jordan Petroleum Refinery Company selects KBR VCC technology
HOUSTON — KBR, Inc. announced it has entered into an Engineering agreement for the residue hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project.
CB&I awarded ethylene technology contract in India
THE WOODLANDS, Texas -- CB&I announced it has been selected by HPCL Mittal Energy Ltd. (HMEL) for the license and basic engineering of a 1,200 KTA mixed feeds ethylene plant for the Guru Gobind Singh refinery in Bathinda, India.
S.Korea's S-Oil expects strong refining margins for next 2 yr
SEOUL (Reuters) — South Korea's S-Oil corp said on Monday that profits from refining crude oil would stay strong for the next couple of years due to a tight outlook for supply.
Fire at Tehran oil refinery kills six
ANKARA (Reuters) — A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others on Friday but firefighters have brought it under control, state TV reported.
Phillips 66 profit tops estimates on surge in refining margins
(Reuters) — Independent US refiner Phillips 66 on Friday posted a quarterly profit that handily beat analysts’ estimates, boosted by soaring refining margins in the aftermath of Hurricane Harvey.
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- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
