Crude oil
Business Trends: Global refining overview—Part 3
<i>Hydrocarbon Processing</i> continues its series on the global refining industry. This series provides a detailed outlook on the state of the global refining sector, active and new project developments, and an overview of major refining trends in each region. Part 3 provides an overview of the refining sectors of Canada, Latin America and the US.
Refining: High-impact challenges in today’s global refining market
To stay competitive and thrive in today’s uncertain and volatile energy market that is characterized by major shifts in supply and demand dynamics, refiners must find ways to increase operational efficiencies, maximize productivity and produce refined products at lower costs.
China refineries gobble up Angolan oil in rush to year end
China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production.
Phillips 66 expects Dakota Access permit to be granted
US refiner Phillips 66 expects a permit will be granted to build an oil pipeline under the Missouri River near Native American land in North Dakota.
Canada's Cenovus says would consider refinery acquisitions
Canadian oil and gas producer Cenovus Energy Inc said it would consider refinery acquisitions, provided the opportunity offered good value and was easily accessible for Canadian crude.
Panama Canal readies for surge in tonnage after upgrade
The Panama Canal is likely to attract up to 15% more tonnage next year after an upgrade which means it can now accommodate gas tankers previously too large to transit.
ExxonMobil warns low oil prices may dent reserves nearly 20%
Exxon Mobil Corp. warned it may need to slash proved reserves on its books by nearly 20% if oil prices stay low for the rest of 2016.
Rule changes help India's oil market act its size
Freed from a layer of fusty bureaucracy, India's state refiners are helping the country evolve an oil market that reflects its status as both the world's fastest growing major economy and oil consumer.
India's $20-B refinery expansion to cut fuel oil output
India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries.
Saudis, Mideast producers vie for China's teapot crude imports
Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms.
- Trafigura to use Babcock's ammonia fuel supply system onboard gas carriers 7/7
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
