Refining
Technip wins process design work on new Finland biomass-to-liquid plant
Technip will develop the process design package of the hydrogen production unit of the plant, based on its steam reformer proprietary technology, and will prepare the FEED for the hydrogen production, Fischer-Tropsch synthesis and refining units. Work is scheduled to be completed in early 2014.
BP awards environmental consulting pact to AMEC for global refining work
AMEC has an existing environmental services framework contract with BP in North America, and this latest award effectively forms a global agreement for environmental services between the two companies. The value of the contract, which will run until to 2017, has not been announced.
BP sees US oil production rising at record pace
In its world energy review, BP revealed that 2012 had the largest single-year increase ever seen in the US, largely from unconventional hydrocarbons such as tight oil. This illustrates an example of the increasing diversity of energy sources as the global market continues to adapt and evolve.
Petrobras mulls Northeast Brazil refinery venture with Korea's GS Energy
Brazil currently suffers from a refining shortfall. Petrobras's plans to build the refinery, called Premium 2, have been pushed back to 2017 or 2018 as the company focuses its $237 billion investment plan through 2016 on boosting crude oil production and development of ultra-deepwater offshore fields.
Phillips 66 to sell Ireland's only oil refinery
Phillips 66 is selling its downstream businesses in Ireland, including the Whitegate refinery in Cork. The move reflects the challenges refiners are facing in Europe, where lower demand for fuel and higher costs of feedstock have put pressure on profits and led some companies to close down plants.
China's CNPC to join key Ecuador refining project
CNPC Chairman Zhou Jiping had signed a framework agreement with Ecuador's Coordinating Minister for Strategic Sectors and Petroecuador's President, under which CNPC "will take a share in the construction of the Pacific Refinery project and participate in the exploration and development."
Neste Oil to buy algae oils from Cellana to use as biofuels feedstock
The agreement will enable Neste Oil to purchase Cellana's algae oil for use as a feedstock in the future for producing renewable fuel. The deal is contingent on Cellana's future production capacity and on compliance with future biofuel legislation in the EU and US, among other factors.
Petrobras delays Comperj refinery startup to 2016
Speaking during an event Friday, Petrobras CEO Maria das Gracas Foster said environmental license issues and changes to the refinery's design were the reasons for the delay. The Comperj refinery will have installed capacity to process 165,000 bpd of crude oil when it first enters operation.
Refinery watch: Planned and unplanned US outages
Motiva Enterprises on June 6 said planned maintenance on a delayed coker unit's gas recovery system at its Port Arthur, Texas, refinery under way since June 3 resulted in flaring. Tesoro on June 2 reported the start-up of a H2SO4 plant at its Golden Eagle Refinery in Martinez, California.
Construction approved for second Vietnam refinery
The $9 billion Nghi Son complex will have a refining capacity of 200,000 bpd. It is slated to process Kuwaiti crude supplied exclusively by Kuwait Petroleum International. Construction will begin in July and commercial operations are expected to start in the second quarter of 2017.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
