Archive for the ‘Operations’ Category
Refineria di Aruba, a wholly owned incorporated company of the government of Aruba responsible for compliance monitoring of Citgo Petroleum’s Citgo Aruba Refinery, is putting a hold on the operator’s previously announced program to restart Valero Energ…
Hengyuan Refining Co. Bhd. (HRC)—a subsidiary of Shandong Hengyuan Petrochemical Co. Ltd.—has approved a $66.4-million investment to develop and build a hydrogen manufacturing unit as part of a hydrogen generation (H2Gen) project for production of clea…
Petrobras has resumed full production rates at the operator’s 434,000-b/d Replan refinery in Paulinia, Sao Paulo, following a late August 2018 fire that led to a temporary suspension of operations at the complex. The refinery’s return to 100% of i…
Chevron Corp. subsidiary Chevron USA Inc. has signed a share purchase agreement with Petroleo Brasileiro SA subsidiary Petrobras America Inc. to acquire all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the re…
Saudi Aramco has signed a joint development and collaboration agreement (JDCA) with Axens SA and TechnipFMC PLC to accelerate development and commercialization of subsidiary Saudi Aramco Technologies Co.’s catalytic crude-to-chemicals (CC2C) technology.
Eni, OMV buying ADNOC Refining interests
January 28th, 2019 by Latest News
Eni SPA and OMV AG will buy interests in ADNOC Refining at prices that Abu Dhabi National Oil Co. said establishes the enterprise value of its refining subsidiary, with its 922,000-b/d of refining capacity, at $19.3 billion. Eni will acquire a 20% inte…
WoodMac: 150,000 b/d of Chinese refining capacity could close by 2020
January 18th, 2019 by Latest News
About 150,000 b/d of refining capacity could close in China by 2020, due to tight operating environment, according to a recent analysis from Wood Mackenzie. “Chinese refineries did not face crude supply issues in 2018 but there were other challenges,” …
Beginning on Jan. 1, 2020, the International Maritime Organization (IMO) is set to enact the Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention), which lowers the maximum sulfur content of marine fuel…
Swedish refiner Preem AB, a wholly owned subsidiary of Corral Petroleum Holdings AB, Stockholm, has restarted the bulk of operations 228,900-b/d at its refinery at Lysekil, Sweden, following a late December 2018 production disruption caused by an elect…
Husky Energy Inc. is undertaking a strategic review that could result in the potential sale of its Canadian retail and commercial fuels business, which includes the 12,000-b/d refinery in Prince George, BC.