Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.
Chemical maker Lyondell Basell Industries said that it plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025.
India will look at building smaller oil refineries because of problems in acquiring land as it aims to raise its annual refining capacity to 9 million bpd.
A fire that broke out at the 60,000 barrel-per-day Numaligarh Refinery Limited in Assam state, India, has been brought under control, the refinery said.
ConocoPhillips said it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 B, giving it full ownership and elbowing away rival Suncor Energy.
McDermott has been awarded a project management consultancy contract from India Oil Corporation Limited for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles from New Delhi, India.
GenH2 has executed an MOU with hydrogen-electric propulsion developer ZeroAvia to develop liquid hydrogen aviation infrastructure solutions for use in airport environments.
Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source.
China's Sinopec and Kazakh state-owned oil and gas company KazMunayGaz have agreed key terms for a potential investment in a polyethylene plant in Kazakhstan's western Atyrau region.