Octane
Purvin & Gertz releases global petroleum market outlook
Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.
Shell sells Stanlow refinery to Essar Oil (UK)
Shell has signed a sales and purchase agreement for its 270,000 bpd Stanlow refinery in the UK and certain associated local marketing businesses with Essar Oil (UK) Ltd. for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.
ExxonMobil increases fuel supply to Tohoku region of Japan
In an ongoing effort to quickly and safely supply much needed fuel to the areas in Japan hardest hit by the earthquake, ExxonMobil Group Japan has increased fuel supply into its Tohoku region dealer service station network by 140% above pre-earthquake levels.
Sibur and Lukoil sign agreement for the supply of associated petroleum gas
The petrochemical holding company Sibur and the Lukoil Oil Co. have signed a long-term agreement for the supply of associated petroleum gas (APG).
ExxonMobil opens Shiogama terminal in area affected by earthquake, tsunami
ExxonMobil Japan Group has reopened its Shiogama terminal, enabling delivery of increased fuel supplies into the Tohoku area of Northeast Japan, which was affected by the March 11 earthquake and tsunami.
GE introduces new desalter emulsion breaker chemistry
GE today announced it has introduced the next generation of its Embreak emulsion breakers. Coupling the new chemistry for light and medium density crude oils with the first generation heavy crude oil emulsion breakers, GE now offers a full suite of products that span the entire range of crudes, delivering optimal desalter performance, potentially reducing total costs of operation and increasing environmental benefits.
Haldor Topsøe's contract with Petróleos de Venezuela, S.A.
Petróleos de Venezuela, S.A. (PDVSA) and the Danish company Haldor Topsøe have signed a contract for the Centro de Refinación Paraguaná Project.
Update on dire refining situation in Japan
The 8.9 magnitude earthquake that struck Japan on March 11th has caused considerable interruption to oil refinery operations in the country. Hydrocarbon Processing’s Boxscore Database has complied data indicating that with a total of 28 oil refineries, Japan is the second largest refining country after China in the Asia-Pacific region.
Berkshire Hathaway to acquire Lubrizol
Berkshire Hathaway Inc. and The Lubrizol Corp. announced on March 14 a definitive agreement for Berkshire Hathaway to acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction.
Japan's refining industry partially closed
Chaos continues as bleak news from Japan streams in from devastated areas
- Equinor selects Aker for Mongstad refinery upgrade project 5/1
- Australian researchers testing SAF production from landfill gases 5/1
- ACC responds to U.S. EPA's final risk management rule for methylene chloride 5/1
- Topsoe awarded contract to support FEED study for new low-carbon ammonia plant in Louisiana (U.S.) 5/1
- ClearSign Technologies receives burner contract for California (U.S.) refinery 5/1
- Traders scramble for U.S. storage as distillates demand disappoints 5/1
