Refining
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.
Gulf Coast refinery runs approaching pre-hurricane levels
For the week ending Oct. 20, gross inputs to petroleum refineries in the US Gulf Coast averaged 8.8 MMbpd, or about 324,000 bpd higher than the previous five-year range for mid-October, based on data in EIA’s Weekly Petroleum Status Report (WPSR).
Polish refiner Lotos's M&A plans could hit dividend
WARSAW (Reuters) — Poland's second biggest oil refiner Lotos wants to buy local petrol stations and foreign oil deposits to strengthen its position in the market, its CEO said on Thursday, adding the plans could hit its dividend payout.
India HMEL may halt naphtha exports from 2021–2022
NEW DELHI (Reuters) — India's HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, may halt naphtha exports from the 2021–2022 fiscal year when it starts its $3.1 B cracker, the chairman of Hindustan Petroleum Corp said.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
