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Refining

St. Croix refinery cannot restart without new permit, air pollution tech

The refinery was sold for $62 MM in December 2021 to West Indies Petroleum and Port Hamilton Refining and Transportation, following the bankruptcy of its former private equity owners.

Saudi Aramco to invest in $7 B petchem project in South Korea

Saudi Aramco said it plans to invest in a $7 B project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's refining complex in the port city of Ulsan.

Lukoil urged to keep Sicilian refinery running as talks drag on

The plant has had to rely solely on Russian oil provided by Lukoil after its creditor banks halted financing and stopped providing guarantees needed to buy oil from alternative suppliers.

Poland's PKN Orlen applied for 3 MMt of Russian oil via Druzhba for 2023

Polish oil refiner PKN Orlen has submitted an application to the Russian oil pipeline monopoly Transneft for the supply of 3 MMt of oil to Poland through the Druzhba pipeline system in 2023 under continuing long-term contracts.

COP27: India lays out plan for long-term decarbonization

India will prioritize a phased transition to cleaner fuels and slashing household consumption to achieve net zero emissions by 2070, according to a national report released Monday at the United Nations COP27 climate summit in Egypt.

Russia price cap could threaten India's oil supplies

India would be one of the countries most exposed if Russia refuses to sell crude oil at the capped price under proposed sanctions to be imposed by the United States and the European Union.

Number of Kuwait's Mina Abdullah refinery production units temporarily stopped

A number of Kuwait's Mina Abdullah refinery production units temporarily stopped as a result of a power outage without affecting production and export schedules.

bp workers at Rotterdam refinery start work-to-rule action

Workers at the BP refinery in Rotterdam began work-to-rule industrial action on Monday after the noon expiry of a union deadline for a new pay agreement, a union spokesman said.

Greece hopeful will find hydrocarbons to last a decade

Greece is hopeful it has hydrocarbon reserves in the west of the country to cover its energy consumption for a decade, Energy Minister Kostas Skrekas said.

Refiner Phillips 66 to boost investor returns by up to $12 B

Refiner Phillips 66 said it plans to return up to $12 B more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much as 3%.