Refining
Venezuela Amuay refinery ups output, restarts distillation unit
Venezuela's Amuay refinery has restarted a distillation unit and is now processing 350 Mbpd.
PBF takes over Los Angeles-area Exxon refinery
US refiner PBF Energy took ownership on Friday of a Los Angeles-area refinery purchased from Exxon Mobil Corp for $537.5 M, clearing the way for it to focus on further North American acquisitions.
California probes oil refiners for gas price manipulation
California has issued subpoenas to Valero Energy Corp. and Chevron Corp. as part of a probe into whether oil refiners in the state have manipulated gasoline prices since 2014.
India Essar eyes sale of Gujarat refinery
Essar Group is exploring the sale of its 405 Mbpd oil refinery in the western state of Gujarat.
Trafigura in talks to buy stake in Essar Oil
Commodities trader Trafigura Group Pte. is in talks to buy a minority stake in Essar Oil Ltd., which runs India's second biggest private sector refinery, in a deal that could be valued at around $6.5 B.
Viewpoint: “Intelligizing” the refinery for business sustainability
In today’s digital world, the line between IT and OT is blurring, and connectivity has become both inescapable and necessary. Connectivity is driving an influx of data that is both beneficial and overwhelming, especially as we explore how to apply this data in meaningful ways.
Global: Meeting Africa’s demand for oil products
Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.
Refining: Refinery investments focus on ultra-low-sulfur gasoline
Mexican oil company Pemex recently announced major refinery improvement projects that will represent a total investment of $23 B over the next three years.
Reliability: Overcome biases and challenges facing industry
When asked about the challenges facing the hydrocarbon processing industry (HPI), our answer was swift and direct: The trials we face are bundled, or can be found, in lessons some of us learned decades ago. However, lessons learned and explained decades ago were often disregarded by managers with a short-range focus.
Industry Metrics
US refinery utilization rates have increased in some areas following the peak of maintenance season.
- 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
