Refining
Italy's Saras says it will clear Iranian oil debt in 2017
Italian oil refiner Saras has paid $177 MM of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be cleared next year.
ExxonMobil launches Mobil Serv Lubricant Analysis in Middle East oil and gas sector
ExxonMobil has launched Mobil Serv Lubricant Analysis, a next generation used oil analysis service, which replaces ExxonMobil’s Signum Oil Analysis.
Pemex plans crude processing ramp-up by year-end
Mexico's state oil company Pemex plans to ramp up crude processing by the end of the year, after refining hit the lowest levels in at least five years in September following a series of plant stoppages.
Thailand's Bangchak reviewing refinery upgrade plan
Bangchak Petroleum Pcl. is reviewing its previously announced plan to upgrade and raise its refinery capacity to 140 Mbpd from 120 Mbpd.
BP announces investment of $30 MM in biojet producer Fulcrum
BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
Shipping fuel change to upend refining, threaten OPEC crudes
A switch to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries, but threatens to put older ones out of business and punish those countries that produce the wrong kind of crude.
MOL to focus on refining efficiency, petrochemical diversification
The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.
Four years after rescue, Philadelphia refinery reels as investors profit
Four years after private equity firm Carlyle Group and a partner purchased Philadelphia Energy Solutions, the refinery faces another existential crisis.
OGCI announces $1-B investment to accelerate development of low emissions technologies
OGCI Climate Investments will aim to deploy successfully-developed new technologies among member companies and beyond.
- 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
