Refining
Italy looks to unlock financing for Lukoil-owned refinery
Italy is working on ways to keep a Lukoil-owned refinery in business despite new sanctions against Russia kicking in next month, as Rome tries to buy time to agree the sale of the plant.
Valero kicks off U.S. refiners earnings season with bumper profit
Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
Deutsche Bank sets 2030 targets to cut emissions tied to loans
By 2050, the bank said so-called financed emissions tied to the oil and gas sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%.
ADNOC invites banks to pitch for IPO of logistics unit
State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of its marine services and logistics unit.
Exxon selling Montana oil refinery to Par Pacific for $310 MM
ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.
Vietnam refinery boosts production amid concern on fuel import costs
Vietnam's Binh Son refinery has ramped up its production to meet domestic fuel demand and was operating at 109% of its designed capacity, the government said on Thursday.
Chinese refiners ZPC, ChemChina win additional 2022 crude oil import quotas
Chinese private mega-refiner Zhejiang Petrochemical Corp (ZPC) has been awarded a 10 MMt additional crude oil import quota for 2022.
Strike ends at one of TotalEnergies's French refineries
Workers voted to end a strike at TotalEnergies' Donges refinery on Wednesday, bolstering the government's hopes the supply situation at petrol stations around the country will rapidly improve.
Indonesia and Rosneft partner for $24 B Java oil refinery
Rosneft will parnter with Indonesia to contribute $24 B on a greenfield refinery in East Java province, according to Global Construction Review.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
