Refining
The downstream rundown: In case you missed it 08/05
In case you missed any downstream news, here are the top stories from last week.
Russia's Novoshakhtinsk refinery fully resumes operations
The Novoshakhtinsk oil refinery in Russia's southern Rostov region has fully resumed operations after it was struck by drones in June.
Idemitsu restarts 150,000-bpd Hokkaido CDU on July 25 after maintenance
Japan's second-biggest oil refiner Idemitsu Kosan Co restarted the 150,000 bpd crude distillation unit at its Hokkaido refinery in northern Japan on July 25 after maintenance.
Binh Son refinery to undergo major maintenance next year
The 130,000 bpd refinery has been in operation for 13 years and its equipment is facing risks of aging and erosion.
Online Exclusive: How chemical manufacturers can navigate inflation
At the macroeconomic level, inflation will influence M&A through its impact on monetary policy and financial markets.
Several refining projects are scheduled in Asia and the Middle East
In Asia and the Middle East, at least nine refinery projects are beginning operations or are scheduled to come online before the end of 2023. At their current planned capacities, they will add 2.9 MMbpd of global refinery capacity once fully operational.
Marathon Petroleum posts bumper profit on soaring fuel prices
Marathon Petroleum smashed quarterly profit estimates, the latest U.S. refiner to benefit from a surge in fuel prices sparked by tight capacity and low inventories.
Valero to run its 14 refineries at 90%-93% of capacity in Q3
Valero Energy Corp plans to operate its 14 refineries between 90%-93% of their combined total processing capacity in the third quarter.
U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks
The two largest U.S. oil companies, ExxonMobil and Chevron, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
U.S. fuel demand remains strong, despite recent data
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
