Refining
Major traders, banks cut business ties with Russia-backed Indian refiner
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine.
U.S. court upholds Conoco's $8.7 B award for loss of Venezuela assets
A U.S. court upheld a tribunal's $8.75 B award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case.
Venezuela's second largest refinery resumes gasoline production
Venezuela's state oil and gas company PDVSA has restarted gasoline production at the country's second largest refinery after repairing a breakdown.
L&T wins contract from Indian Oil Corporation
IOCL is implementing the Panipat Refinery Expansion (P-25) Project to enhance refining capacity from 15 MMtpy to 25 MMtpy to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run.
U.S. oil refiners aim to run full-bore, spurning recession fears
U.S. crude oil refineries plan to keep running near full throttle this quarter, according to executives and estimates, as refiners set aside worries about recession and sliding retail prices to deliver more fuel.
Wood wins two major multi-million-dollar projects in Uzbekistan
Wood has secured two new contracts from Enter Engineering with a combined value of over $200 MM, to deliver major capital investment projects in Uzbekistan.
Preem plans September maintenance at oil refinery in Sweden
Swedish refiner Preem is planning a partial closure of its 228,000 bpd Lysekil oil refinery in Sweden for maintenance in September for around one month, a company spokesperson said.
Shell cuts output at German Rhineland refinery due to drought
Shell said it had to cut output at its German Rhineland refining facility, which makes fuels, heating oil and petrochemicals, citing low Rhine levels that have made the transport of goods via the river more challenging.
Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale
Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.
Shell to shut Gulf of Mexico crude pipes for two weeks in September
Shell said this week it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.
- 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
