Refining
VDMA valves association market analysis: Industry standstill looms after a strong 2024
The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.
Opinion: bp’s green failure offers Big Oil a lesson in moderation
bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon, not a sprint.
Quanta Technologies unveils new LEADR FCC refining catalysts
The technology improves the environmental and diffusion performance of Fluid Cracking Catalysts (FCC) by narrowing the particle size distribution of the catalyst.
U.S. crude stockpiles fall as refining picks up, fuel inventories build, EIA says
U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds.
S. Korea's SK Energy shuts crude unit for 2-week overhaul
South Korea's SK Energy plans to restart the 170,000-bpd crude distillation unit (CDU) at its Ulsan refinery in next two weeks after maintenance work.
LanzaJet, Mitsui & Co. and Cosmo Oil secures government funding for SAF production project in Japan
LanzaJet announced that Cosmo Oil Co. Ltd was selected for a subsidy from Japan’s Ministry of Economy, Trade and Industry to support a SAF project in Japan developed with Mitsui & Co. that will plan to utilize LanzaJet technology.
Pall Corporation and MTR Carbon Capture partner to advance carbon capture solutions
This partnership aims to promote a highly modular, scalable and cost-effective integrated solution leveraging MTR's pioneering Polaris™ membrane system for carbon capture and Pall's advanced filtration solutions for flue gas pre-treatment as well as innovative coalescer and filter technologies that safeguard critical assets throughout the carbon capture workflow.
Oxford Flow secures ES valve order worth nearly $1 MM with bp in the U.S.
Oxford Flow, the flow control equipment specialist, has secured its largest order to date, valued at nearly $1 MM, for its ES stemless axial flow valves. The order from bp is a significant milestone in Oxford Flow’s expansion in the U.S. market.
Russia signs memorandum to build port, oil refinery in Myanmar
Myanmar and its close ally Russia signed a memorandum on investment cooperation in a special economic zone in Dawei, including construction of a port and an oil refinery, Russia's Ministry of Economic Development said
Brazil's Petrobras to create 'biorefinery,' powered by $960-MM investment
Brazil's state-run oil company Petrobras will invest around 5.5 B reais ($960 MM) to turn its Riograndense refinery into the country's first biorefinery.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
