Refining
India needs to double refining capacity by 2040 to meet fuel demand growth
SINGAPORE (Reuters) — India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday.
Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance.
Strong growth in fuel demand accelerates oil market rebalancing
SINGAPORE (Reuters) — Strong oil demand growth in emerging economies led by China and India but also from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday.
India's HPCL makes its first US oil purchase
NEW DELHI (Reuters) — Indian state refiner Hindustan Petroleum Corp has made its first purchase of US oil, buying high sulfur crude Mars in a tender, company chairman M. K. Surana said on Monday.
Damaged New Zealand fuel pipeline restarted
SYDNEY (Reuters) — A damaged pipeline that resulted in a fuel shortage across New Zealand and grounded hundreds of flights was restarted on Sunday after repairs were completed, officials said.
Japan's Cosmo Oil to boost diesel output to meet demand from ships from 2020
SINGAPORE (Reuters) — Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to switch to cleaner fuels kicks in from 2020, its top executives said.
China's state planner approves new oil refinery in Hebei province
BEIJING (Reuters) — The Hebei provincial division of China's National Development and Reform Commission (NDRC) said on Monday that it approved a refinery project owned by private company Risun Coal Chemicals Co.
French unions block fuel depots in protest against labor reforms
PARIS (Reuters) — French trade unionists blocked access on Monday to several fuel depots in protest against an overhaul of employment laws, seeking to test the government's will to reform the economy.
India's refining capacity expansions lags growth in fuel demand
SINGAPORE (Reuters) — India may export fewer fuels in the next four years as growth in the demand for oil products is rising faster than new refining to produce them is being added, an Essar Oil company executive said on Monday.
Sri Lanka in talks with two Chinese firms for $3 B refinery
COLOMBO (Reuters) — Sri Lanka is in talks with two Chinese companies about investing up to $3 B to build in a new refinery at its Chinese-controlled port, a top government official said on Friday.
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