Europe
Chevron looks to sell 75% stake in South African downstream business
In addition to the 110,000-bpd Cape Town refinery, Chevron also has interests in the Durban lubricants plant on the country's East Coast and a network of service stations.
Iran agrees to supply oil to Greek refiner Hellenic
The agreement was announced after Iran’s Deputy Oil Minister Amir Hossein Zamaninia had discussed potential energy co-operation with Greek Energy Minister Panos Skourletis earlier on Friday.
Linde to supply ethane, NGL extraction units for major Gazprom project
Linde will engineer and supply units for ethane and natural gas liquids (NGL) extraction and nitrogen rejection, as well as for helium purification, liquefaction and storage.
Rosneft, BP to dissolve German refining venture
After restructuring later this year, Rosneft will become a direct shareholder in the Bayernoil refinery and raise its stake in it to 25% from 12.5%, according to the report. Rosneft also plans to increase its stake in the MiRO refinery to 24% from 12%, and in the PCK refinery to 54.17% from 35.42%.
Neste Jacobs to deliver operator training simulator for Porvoo refinery units
After the new simulator has been commissioned in spring 2016, it will be maintained and kept up-to-date with the real plant by utilizing Neste Jacobs' customer support simulator environment.
LyondellBasell unveils senior leadership changes
After four years with LyondellBasell, Timothy D. Roberts, executive vice president of global olefins and polyolefins, has announced his decision to leave the company. Mr. Roberts will be succeeded by Daniel M. Coombs, who joined LyondellBasell in 2015.
CRI Catalyst licenses IH2 biofuel plant in Europe
The license covers IH2 technology, a continuous thermal catalytic process which produces liquid hydrocarbon transportation fuels from forest residues, and other renewable resources.
Business Trends: Special report--Global LNG overview
Liquified natural gas is forecast to become one of the most valuable commodities in the world.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Global Project Data
According to <i>Hydrocarbon Processing's</i> Construction Boxscore Database, new project announcements averaged approximately 25 per month in 2015.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
