Refining
ChemChina, Sinochem in talks on possible merger
Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil company with almost $100 B annual revenue.
Rosneft, Trafigura, UCP to buy stake in Essar Oil
Russian oil major Rosneft , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion.
US gasoline glut disappears as refiners tweak production
The US gasoline glut, which dominated discussions about the outlook for crude and fuel markets during the spring and early summer, quietly evaporated during August and September.
CB&I awarded contract renewal for refinery maintenance services
CB&I has been awarded a five-year contract renewal valued at approximately $350 MM for maintenance, turnarounds and capital construction for a major refinery in the Midwest.
Glencore hopes for Moroccan refinery restart to recoup money
Glencore, one of the main creditors of Morocco's sole refinery, still has hopes the idled plant will restart so lenders can gradually recoup their money, despite repeated failures to get it up and running.
India's Bharat Petroleum to spend $6.8 B on refinery expansion by 2022
India's Bharat Petroleum Corp. plans to spend $6.75 B through 2022 to raise refining capacity by 62% to meet rising fuel demand in the world's fastest growing major economy.
Mangalore refinery receives first crude parcel from Iran for strategic reserve
Mangalore Refinery and Petrochemicals Ltd. received the first parcel of crude oil for delivery into the Mangalore cavern of Indian Strategic Petroleum Reserves Ltd.
ION Engineering starts carbon capture testing at Technology Centre Mongstad
ION Engineering started its test campaign with further testing of its advanced CO2 capture process at Technology Centre Mongstad, located at Statoil's Mongstad refinery in western Norway.
Axens files proposal to acquire Heurtey Petrochem
Axens has filed a voluntary takeover bid proposal with the AMF (French capital markets authority) to acquire the shares of Heurtey Petrochem.
BP to vigorously defend against Marathon suit
BP said it would vigorously defend itself against a federal civil suit by Marathon Petroleum alleging that it had failed to deliver a Texas oil refinery in the condition promised under a $2.4-B sales agreement.
- 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
