Refining
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli
State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week.
Ecuador's biggest oil refinery stops operating as precaution due to fire
A fire that erupted in a fuel oil tank on Monday at Ecuador's biggest oil refinery is under control, state oil company Petroecuador and the country's energy minister said
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
Hunt Refining's Tuscaloosa refinery (U.S.) expedites maintenance, repairs on fire-damaged coker unit
Hunt Refining has expedited and started maintenance and repairs on the fire-damaged coker unit at its 63,000-bpd petroleum refinery in Tuscaloosa, Alabama last week.
Phillips 66's Los Angeles (U.S.) refinery layoffs to begin in December, sources say
Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.
ExxonMobil Joliet refinery (U.S.) running unit at reduced rate
ExxonMobil was operating the catalytic cracker unit at its 275,000-bpd Joliet, Illinois (U.S.) refinery at reduced rates earlier this week. The refinery ran its 98,000-bpd catalytic cracker unit at approximately 50% capacity due to unspecified mechanical issues.
Suncor reports flare replacement project at the Montreal refinery in coming weeks
Suncor has announced that it will be erecting metal structures at its 137,000-bpd Monteal refinery for a flare replacement project that will begin in a few weeks.
Gulf Energy Information’s Lee Nichols recognized with prestigious G. D. Crain Jr. Award
Lee Nichols, Vice President of Content for Gulf Energy Information of Houston, Texas (U.S.) and London, England has been named the 2025 winner of the prestigious G.D. Crain Jr. Award, the highest recognition for editorial in business-to-business media.
ClassNK releases report ‘ClassNK Alternative Fuels Insight (Version 3.0): Providing new information on cost simulations reflecting approval at MEPC 83
This report provides updated information on cost simulations reflecting the IMO’s mid-term GHG reduction measures approved at the 83rd session of the Marine Environment Protection Committee (MEPC 83) held in April 2025.
Johnson Matthey to sell Catalyst Technologies business to Honeywell for £1.8 B
Johnson Matthey Plc. is pleased to announce that it has reached an agreement to sell its Catalyst Technologies business to Honeywell International Inc. at an enterprise value of £1.8 B on a cash and debt-free basis.
- U.S. firms to develop Syria energy masterplan after Trump lifts sanctions 7/18
- Russian seaborne diesel exports for July 1–15 fall 6% month-on-month 7/18
- INEOS invests £30 MM to slash emissions at Hull site by 75% 7/18
- Mitsubishi Chemical Group invests in Licella Holdings, oil conversion technology using supercritical water 7/18
- BASF and Equinor sign 10-yr natural gas supply agreement 7/18
- Oil prices rise after new EU sanctions on Russia 7/18
