Refining
China’s Sinopec Shanghai Petrochemical first half profit slides
The company said the market remains challenging, with strong supply and weak demand, rising penetration of new-energy vehicles squeezing fuel demand, and the chemical sector still at a cyclical low.
TotalEnergies Texas (U.S.) refinery begins small crude unit overhaul
TotalEnergies began a planned 60-day overhaul on the small crude distillation unit (CDU), along with a reformer and hydrotreaters at its 238,000-bpd Port Arthur, Texas refinery.
Chinese refiners sweep up Russian oil after Indian demand falls
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said.
Indonesia plans quick-to-build oil refineries for U.S. crude
Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical.
Russia's ultra low-sulfur diesel exports from Primorsk scheduled to rise in August
Russia's August exports of ultra low-sulfur diesel from the Baltic Sea port of Primorsk are scheduled to rise by 3.2% from July to 1.3 million metric tons, two traders said.
Eni to sale 49.99% share in carbon capture business to GIP
Eni and Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock, signed an agreement related to the sale of a stake of 49.99% in Eni CCUS Holding – a leading global player in the CCUS sector (Carbon Capture, Utilization and Storage).
Digital Exclusive: Monetizing stranded offgases from oil and gas facilities
The objective of this article is to explore various viable solutions to monetize the stranded offgases produced in upstream oil and gas production and processing facilities.
China still storing crude oil even as refinery runs rise
Despite the decline in surplus oil, the key point is that refiners are still likely adding to stockpiles, which will allow them to trim imports should prices rise to levels they believe are not justified by market fundamentals.
China's CNAF to invest in private Chinese SAF plant
This marks CNAF's second such investment in a privately-controlled "green" jet fuel maker.
Lukoil's Volgograd refinery halts oil processing after drone attacks
Oil processing at the Volgograd refinery has been halted at least until the middle of September.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
