Octane
Total unloads UK downstream marketing assets
Total has signed a sale and purchase agreement to sell most of its marketing assets in the UK, the Channel Islands and the Isle of Man to Rontec Investments, a consortium led by Snax 24, an independent forecourt operator in the UK.
Release of strategic oil reserves: New form of economic stimulus
On June 23 International Energy Agency (IEA) members announced the release of 60 million barrels of strategic oil reserves over a month—the equivalent of 2 million barrels per day (bpd) for 30 days. Half of this amount—30 million barrels—will come from the US Strategic Petroleum Reserve (SPR), which currently holds 726.5 million barrels of crude. The release of 60 million barrels over 30 days will temporarily increase world oil supply by about 2.3 percent.
Meeting diesel specifications at sustained production
New approach rethinks operations of crude and vacuum distillation units to recover more distillate
Innovation drives new catalyst developments
Future challenges in environment and product specifications involve more sophisticated catalyst systems
Global demand for catalysts to exceed $17 billion in 2014
World demand for chemical synthesis, petroleum refining and polymerization catalysts will rise 6%/yr to $17.2 billion in 2014, reflecting a combination of healthy volume and price growth from a weak 2..
Rare earth dilemma forces catalyst changes
The success from catalysts depends on its structure and composition. Tremendous research has been devoted in fine-tuning the melding of structure and raw material makeup to provide efficient catalyst ..
Shell sells most of Chilean downstream businesses to Quiñenco
Shell today announced it has agreed to sell most of its downstream business in Chile to Quiñenco for a total consideration of some $614 million.
Obama Administration issues statement on US energy security
On March 30, the office of the press secretary at the US White House issued the following statement concerning the US’ energy security.
Purvin & Gertz releases global petroleum market outlook
Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.
Shell sells Stanlow refinery to Essar Oil (UK)
Shell has signed a sales and purchase agreement for its 270,000 bpd Stanlow refinery in the UK and certain associated local marketing businesses with Essar Oil (UK) Ltd. for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.
- 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
- 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
- Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery 5/18
