Refining
bp warns of 4Q profit hit, drop in refining margins
bp has warned that its 4Q results will be hit by weaker oil and gas production, refining margins and trading.
Czech Republic's need for Russian oil ended by pipeline upgrade
Upgrades to boost the capacity for oil deliveries to the Czech Republic via the TAL pipeline are complete, ending the country's need to import Russian crude.
INEOS closes last remaining synthetic ethanol plant in the UK
High energy prices and high carbon taxes have forced the closure of this strategic UK asset. Sir Jim Ratcliffe, Chairman of INEOS says, “De-industrializing Britain achieves nothing for the environment. It merely shifts production and emissions elsewhere."
Montana Renewables announces closing of $1.44-B U.S. DOE loan for renewable fuels and biomass energy facility
Calumet, Inc. announced the closing of a $1.44-B guaranteed loan facility with the U.S. Department of Energy Loan Programs Office that will fund the construction and expansion of the 300-MMgpy renewable fuels facility owned by Montana Renewables
USA BioEnergy secures land for $2.8-B SAF plant in East Texas (U.S.)
USA BioEnergy (USABE) announced it has closed on the acquisition of 1,600+ acres of land in East Texas for its new $2.8-B advanced biorefinery, designed to convert wood waste into sustainable, net-zero aviation fuel (SAF).
Motiva plans to begin Texas FCC overhaul by Jan. 21
Motiva Enterprises plans to begin an overhaul of the gasoline-producing fluidic catalytic cracker (FCC) by Jan. 21 at its 626,000-bpd Port Arthur, Texas, refinery.
India halts trade with U.S.-sanctioned Russian companies and tankers
Indian refiners have stopped dealing with U.S.-sanctioned oil tankers and entities, but the country does not expect disruption to Russian crude supplies during a two-month wind-down period.
U.S. oil refiners brace for a tough year as investor sentiment turns negative
Some investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that President-elect Donald Trump may slap tariffs on imports of crude.
Update: Turkey's Izmir refinery now expects to restart crude unit in Feb, IIR says
Turkish refiner Tupras now expects to restart a 151,000-bpd crude unit at its Izmir oil refinery in early February after a fire on Nov. 25.
Pertamina unit to produce ISCC-certified SAF in 1Q
Kilang Pertamina Internasional, the refinery unit of Indonesia's state-owned energy firm Pertamina, aims to produce its first certified sustainable aviation fuel (SAF) in the first quarter of this year.
- GTT receives order from Samsung Heavy Industries for the tank design of two new very large ethane carriers 2/11
- Emerson introduces hybrid continuous gas analyzer for improved regulatory compliance and emissions control 2/11
- BASF to further strengthen Global Business Services through global hub setup 2/11
- Morocco signs agreement with ORNX consortium for $4.5-B green ammonia complex 2/11
- Rosneft oil refinery in Germany warns of risks from U.S. sanctions 2/11
- TotalEnergies takes over Zeeland refinery operations, Lukoil still owns 45% 2/11
