Refining

Neptune Energy, ExxonMobil, Rosewood and EBN to cooperate on L10 carbon capture and storage

Neptune Energy, ExxonMobil subsidiary XTO Netherlands, Ltd., Rosewood Exploration Ltd., and EBN Capital B.V. announced the signing of a Cooperation Agreement to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.

Brazil's Petrobras buys first cargo of Guyanese crude for refining

Petrobras has bought its first cargo of Guyanese crude for refining domestically as South America's newest producer expands its market reach.

Curacao sets talks with U.S.-Brazilian consortium to run island's oil refinery

Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal.

Sinopec Shanghai Petchem shut crude, ethylene units after fire

Sinopec Shanghai Petrochemical Co has shut its crude oil refining and ethylene units to evaluate hidden safety risks after a fire on Saturday that hit a chemical facility.

Petrobras CEO resigns amid political blowback on fuel prices

The chief executive of Brazil's state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week.

Pinnacle releases Economics of Reliability Report for the refining Industry

The report, which is the seventh installment of Pinnacle’s Economics of Reliability report series, analyzes the impact that reliability has on the refining industry.

U.S. energy chief to discuss record pump prices with refiners next week

U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices.

OMV's Schwechat oil refinery at 20% capacity after accident

OMV's 200,000 bpd Schwechat oil refinery is running at 20% capacity with repairs to fix a crude distillation unit set to take several weeks at least.

Mexico president says new Pemex refinery will reach full capacity in 2023

Mexican President Andres Manuel Lopez Obrador said Wednesday that a new refinery owned by state-run Petroleos Mexicanos (Pemex) will reach full operating capacity by next year, despite industry experts saying it will take until at least 2024.

Biden blasts oil refiners for record high gasoline prices, profits

U.S. President Joe Biden demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.