Refining
US refinery margins rise in three of five regions
Credit Suisse’s weekly report says refining margins increased in three of the five US petroleum districts for the week of July 15.
Pemex Tula refinery briefly halts production after power outage
A power outage Pemex’s second biggest refinery briefly interrupted production, but the company expects no long-term effects.
PTT postpones FID on Ohio ethane cracker project
Even though PTT has postponed their FID on the Ohio ethane cracker project, preparation for the site is still underway.
Honeywell process controls implemented at Russian refinery
Honeywell Process Solutions’ Experion HS process automation system has been implemented at Kuban Oil and Gas Co.’s Ilsky refinery.
Nigerian oil trade union begins strike
A Nigerian trade union representing oil workers said it had begun a strike, but added that the effect of its industrial action would not be felt for some time because it started on a public holiday.
Cruel summer for US refiners as margins tank
Summer driving season is in full swing and American motorists are filling their tanks at a healthy clip, but that is not swelling the profit margins as much as usual at US independent oil refiners.
Delta cuts output at Philadelphia-area refinery
Delta Air Lines has cut production rates by roughly 16% at its Philadelphia-area refinery as refining margins have fallen below their ten-year average for this time of year.
Shell seeks $2 B from Aramco in Motiva JV breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2 B as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States.
Idemitsu passed over concerns of founder's son to Showa Shell merger
Idemitsu Kosan Co passed over concerns that the son of its founder raised privately about plans for Japan's second-biggest refiner to merge with smaller rival Showa Shell.
Uganda in oil refinery talks with South Korean SK Engineering
Uganda has begun negotiations with a consortium led by South Korea's SK Engineering for the building of a crude oil refinery and ended talks with a group led by Russia's Rostec Global Resources.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
