Archive for the ‘Refining’ Category
Indorama Ventures Olefins, an indirect subsidiary of Thailand’s Indorama Ventures, has achieved mechanical completion of its previously announced project to renovate and restart a dormant ethane cracker in Westlake, La., just west of Lake Charles in Ca…
OGJ Newsletter
May 6th, 2019 by Latest News
International news for oil and gas professionals
ExxonMobil Corp. is planning a $2-billion investment to expand its Baytown, Tex., chemical plant. Scheduled for startup in 2022, the expansion will include a performance polymer unit that will produce about 400,000 tonnes/year of Vistamaxx polymers, Ex…
Chevron USA has completed its purchase from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Pasadena, Tex., and PRSI Trading LLC for $350 million, excluding working …
Chevron USA has completed its purchase from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Pasadena, Tex., and PRSI Trading LLC for $350 million, excluding working …
Abu Dhabi National Oil Co. subsidiary ADNOC Refining (formerly Takreer) has let a contract to McDermott International Inc. to deliver front-end engineering and design for a refinery offgas project at the combined 817,000-b/d refinery in Ruwais, in the …
The American Petroleum Institute and American Fuel & Petrochemical Manufacturers separately criticized US Senate legislation that would expand to 200,000 the number of electric and hydrogen fuel cell vehicles eligible for a $7,500 federal tax credi…
Marathon Petroleum Corp., through subsidiaries including Speedway LLC, agreed to acquire a 900,000-bbl capacity light product and asphalt terminal and 33 NOCO Express retail outlets in Buffalo, NY, from NOCO Inc., building on prior investments to “maxi…
Aramco unit buys stake in Hyundai Oilbank
April 15th, 2019 by Latest News
Aramco Overseas Co. BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea.
Fire hits Malaysia’s integrated refining, petchem complex development
April 12th, 2019 by Latest News
A fire broke out on Apr. 12 at the jointly held Saudi Aramco-Petronas $27-28 billion Pengerang Integrated Complex in southeastern Johor, Malaysia. The fire occurred about 1:25 a.m. local time at the atmospheric residue desulfurization unit, which is cu…