Middle East
U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude
The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.
Oil cut extension raises risk of Saudi economic contraction this year
Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Petrobras-Mubadala partnership may open door to refinery deal and biofuel partnership
Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
Saudi Arabia extends voluntary oil output cut of 1 MM bpd to end in 2023
Saudi Arabia will extend its voluntary oil output cut of 1 million bpd for another three months until the end of December 2023.
Refineries’ pandemic turmoil—KNPC’s gasoline demand: Opportunities and challenges
The COVID-19 pandemic is regarded as one of the most exceedingly difficult challenges faced in the oil and gas industry's history.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking more than 1,150 active projects in the hydrocarbon processing industry.
Oil driven higher by tight supply expectations
Oil prices jumped by more than 1% and were on track to snap a two-week losing streak, buoyed by expectations of tightening supplies.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
