Refining
Italy poised to decide whether to block Lukoil refinery sale
Italy's cabinet is expected to decide next week whether to use its anti-takeover powers to block the sale of a Lukoil-owned refinery to Cypriot private equity firm G.O.I. Energy.
ExxonMobil boosts fuel supply with $2-B Beaumont refinery expansion
ExxonMobil announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 bpd of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. This is the largest refinery expansion in more than a decade will help meet growing demand for affordable, reliable energy.
CEO of Angola's new $1-B Cabinda refinery sees 2024 start-up
The Cabinda refinery project is one of three new refineries planned for Africa's second biggest crude oil producer aiming to reduce its dependence on importing almost all its domestic refined product needs.
Corteva, Bunge, Chevron partner to produce renewable fuels
Chevron is collaborating with agribusiness firms Corteva and Bunge to produce renewable fuels from canola crops.
Eni to supply biofuels to Italian logistics group
Eni has signed a two-year contract with Italy's Spinelli to power the company's trucks with diesel fuel produced from 100% renewable raw materials.
Citgo Petroleum posts record $2.8 B profit for 2022
Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.
Indian fuel demand in February was the highest in 24 yr
India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.
Russia exporting diesel to Saudi via STS loadings
Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies.
ABB wins automation contract for Cerilon’s first GTL plant
ABB will supply front-end design services, including automation and digital solutions for $2.8 billion gas-to-liquids facility.
Indonesia's biodiesel policy, dry weather to keep palm oil prices elevated
Indonesia's biodiesel policy and the likely emergence of the El Nino weather pattern could further strain global inventories of the most used cooking oil, lifting prices later this year, leading industry officials and analysts said.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
