Refining
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.
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.
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- Valmet to deliver advanced process analytical solutions to Dow’s Path2Zero ethylene project 2/6
- Tampnet brings mission-critical connectivity to hydrocarbon processing industries 2/6
- Cheniere submits application to build massive LNG plant in Texas 2/6
- OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project 2/6
- Phillips 66 to lay off workers as Los Angeles (U.S.) refinery shuts down 2/6
