Refining
Idemitsu buys fewer Showa Shell shares after family opposes deal
TOKYO (Reuters) -- Idemitsu Kosan Co said on Monday it completed the purchase of just under a third of rival refiner Showa Shell Sekiyu KK, cutting the amount of shares it planned to buy after facing opposition from Idemitsu's founding family.
Indonesia assigns Pertamina to build Bontang refinery
JAKARTA (Reuters) -- The Indonesian government has assigned state energy company PT Pertamina to build and operate a refinery at Bontang in East Kalimantan in a bid to speed up development of the project, a state official said on Friday.
As bruising year ends, US refiners brace for more costly regulations
NEW YORK (Reuters) -- US refiners such as Valero Energy Corp and Marathon Petroleum Corp are bracing for stricter, smog-busting gasoline regulations set to hit in January, threatening more headwinds for an industry that has just endured its least profitable year since the shale boom started five years ago.
Thai IRPC to invest $280 MM to expand petchem output capacity
BANGKOK (Reuters) -- Thailand's integrated oil refiner IRPC Pcl plans to invest $280 million next year with an aim to expand the production capacity of a petrochemical product and boost its long-term earnings growth, a top executive said.
Shell, Varo in talks on German refinery stake sale
LONDON (Reuters) -- Royal Dutch Shell and Varo Energy are in advanced talks on the sale of Shell's 37.5% stake in the 220,000 barrels per day refinery in Schwedt, Germany, they said on Thursday.
Tecnicas Reunidas wins Aramco Ras Tanura clean fuels contract
KHOBAR, Saudi Arabia (Reuters) -- Spanish engineering and construction firm Tecnicas Reunidas has won a contract from Saudi Aramco to build a clean fuels unit at its Ras Tanura refinery in Saudi Arabia, three industry sources said on Thursday.
CB&I announces alkylation and hydrocracking awards in China
THE WOODLANDS, Texas -- CB&I announced it has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along with catalyst supply.
CNOOC to start new Huizhou refinery in Q2, plans Saudi supply
BEIJING (Reuters) -- China National Offshore Oil Corp, or CNOOC, is expected to start operating a new refinery in southern China in the second quarter of 2017, with Saudi Arabia as the potential crude supplier, three sources familiar with the plan said on Wednesday.
PKN ORLEN, Iranian Oil agreement commences
PKN ORLEN has purchased 1 million barrels of Iranian Light oil. It will be delivered to Naftoport in Gdańsk in January, to be then transported to the PKN ORLEN refinery in Płock.
Sinclair Casper Refining pays $655K in cleanup costs to EPA
DENVER -- Sinclair Casper Refining Company has paid $655,000 to reimburse the US Environmental Protection Agency for response costs incurred at the Empire State Oil Company Refinery Site in Thermopolis, Wyoming. The company entered into a settlement agreement with EPA for the recovery of past costs associated with the cleanup of the site, including the removal of asbestos, in September. EPA received payment last week.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
