Project Management
Chevron readies next naphtha delivery to Venezuela joint venture
Chevron Corp has shipped its next cargo of heavy naphtha to an oil project it shares with Venezuelan state-run company PDVSA, according to a shipping document, data and sources.
TA’ZIZ progresses with low-carbon ammonia shareholder agreement
The facility will reinforce Abu Dhabi’s position as a leader in low-carbon fuels and capitalize on the growing demand for low-carbon ammonia as a carrier fuel for clean hydrogen.
Montfort wins bid for Uniper's marine fuels oil refinery in UAE
Montfort has emerged as the top bidder for Uniper Energy's oil refinery in the UAE that produces low-sulfur fuel oil for the shipping industry, multiple sources familiar with the matter said this week.
Babcock & Wilcox win contract to support Phillips 66 carbon capture project in U.K.
Babcock & Wilcox announced that its B&W Environmental segment has been awarded a contract by Phillips 66 Limited to design a flue gas pre-treatment technology upstream from a planned CO2 capture system on the Phillips 66 Limited Humber Refinery’s Fluid Catalytic Cracker.
Neste completes acquisition of business from Crimson Renewable Energy in the U.S.
In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the U.S. West Coast from Crimson Renewable Energy Holdings.
Exxon prepares to start up $1.2 B Texas oil refinery expansion
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $1.2 B expansion first considered nine years ago.
ExxonMobil sells interest in Esso Thailand
ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution terminals, and a network of Esso-branded retail stations.
BASF breaks ground on MDI capacity expansion project at Geismar site
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate expansion project at its Verbund site in Geismar, Louisiana.
TPG-owned Anew Climate invests up to $640 MM in Terra Global
Anew Climate LLC, a TPG Inc-owned provider of carbon emission reduction products to businesses, has agreed to invest as much as $640 MM in carbon offset developer Terra Global Capital.
Russia's Lukoil agrees to sell Italian refinery to consortium
Russia's Lukoil has sold its Italian refinery to a consortium of Western private equity and trading firms in the first major asset sale since Moscow's invasion of Ukraine, the companies said on Monday.
- Russia's Ryazan oil refinery restores crude processing to 60% of pre-attack level 3/28
- Global refinery capacity totaling 3.6 MM bpd at high-risk of closure 3/28
- More than 20% of global oil refining capacity at risk, analysis finds 3/28
- SABIC Fujian Petrochemicals advances major ethylene project with Lummus technologies and services 3/28
- Singapore fuel oil stockpiles slip to two-week low 3/28
- Sri Lanka minister says Sinopec to start work on refinery by June 3/28