Europe
Iran secures two more European refiners as customers for its oil
Both refiners bought Iran's oil before sanctions against the country's nuclear program effectively halted its shipments to Europe, which had accounted for more than a third of its exports.
Refining’s silver lining fades at Exxon, Chevron
Growing fuel inventories and weak demand are now hammering the refining industry, turning a typical advantage for integrated oil companies on its head.
Total beats profit forecasts on strong performance in refining, chemicals
Total said in its downstream segment, although refining margins were down compared with 2015, the business had held up well and remained strong at the beginning of the second quarter.
Bulgaria continues raids in fuel pricing probe
Bulgarians complain of high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to speed up its market investigation.
WR Grace to acquire global polyolefin catalyts business from BASF
BASF’s polyolefin catalysts business includes its LYNX high-activity PE catalyst technologies that are utilized commercially in slurry processes for the production of high-density PE resins.
Uganda says Tanzania offers to buy stake in planned new refinery
Uganda has been discussing plans for a refinery for about seven years. It would process some oil from fields it is developing, although most crude would be exported.
Nigeria seeks partners to revive ailing refineries
Africa's top oil producer has been trying to restart its refineries, which hardly produce any petrol due to decades of mismanagement and widespread graft.
Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline
The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.
European refining margins weakened in Q1: Total
Total said that its average refining margins in Europe had fallen to $35.1/ton in the first quarter of 2016, down from $38.1/ton in the fourth quarter of 2015.
ExxonMobil exports first cargo of offshore US oil to Rotterdam refinery
The vessel carrying offshore oil from the US Gulf of Mexico departed from Gramercy, Louisiana, in early April and is expected to arrive in Rotterdam on April 19, according to the data.
- Chevron Technology Ventures' Catalyst program selects RapiCure 7/15
- GEA promotes more sustainable refinery processes with energy-efficient high-performance decanters 7/15
- Ariel Green pays claim for plastic recycling facility, demonstrating protection for clean energy projects 7/15
- China taps deeper into oil inventories despite biggest drop in refining on record 7/15
- China's Sinopec establishes four business units in major overhaul 7/15
- Japan refiners to diversify crude sources, explore support for Hormuz bypass routes 7/15
