Refining
PKN Orlen launches planned bid for Czech unit Unipetrol
PRAGUE (Reuters) — Poland’s biggest oil refiner PKN Orlen on Thursday offered 380 crowns for each remaining share in its Czech downstream oil unit Unipetrol.
Explosion at major Venezuela refinery injures two
PUNTO FIJO, Venezuela (Reuters) — A furnace exploded during a unit restart at Venezuela’s largest refining complex, injuring two workers, a union leader and a family member of one of the victims said on Wednesday.
Asia's monthly Iran oil imports skid to lowest in Nov since Apr 2016
TOKYO (Reuters) — Imports of Iranian crude oil by major buyers in Asia tumbled 29% in November from the same month a year ago to the lowest volumes since April 2016, government and ship-tracking data showed.
USTDA to host reverse trade mission for refinery optimization with India government, executives
USTDA is hosting a group of Indian oil and gas officials, and senior executives from state-owned and private sector Indian refineries on a visit to the United States where they will see the design, manufacture, and operation of US goods and services.
India's Reliance aims to become big clean energy provider
MUMBAI (Reuters) — India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
China halts oil product exports to N.Korea in November as sanctions bite
BEIJING (Reuters) — China exported no oil products to North Korea in November, Chinese customs data showed, apparently going above and beyond sanctions imposed earlier this year by the United Nations in a bid to limit petroleum shipments to the isolated country.
Idemitsu, Showa Shell see around $70 MM in cost savings by March
TOKYO (Reuters) — Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu said on Friday they expect to cost cuts by $71 MM in the first year of their business alliance that started last April.
US tax overhaul likely to spur spending by refiners, pipeline cos
NEW YORK (Reuters) — US refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed US tax bill that rewards investment in new projects, said energy industry lobbyists and analysts.
Indian refiner BPCL prepared to integrate with GAIL, Oil India
NEW DELHI (Reuters) — State refiner Bharat Petroleum Corp has written to the oil ministry for integration with GAIL (India) Ltd and Oil India Ltd as option 1 and 2, said oil minister Dharmendra Pradhan on Wednesday.
Idemitsu, Showa Shell to merge key operations next spring
TOKYO (Reuters) — Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu will combine management of their key businesses, an Idemitsu spokesman said on Tuesday, pursuing a merger bitterly opposed by a core investor—Idemitsu's founding family.
- Valmet to acquire Severn Group to strengthen Process Performance Solutions segment 12/22
- World’s first dynamic green ammonia plant starts operations in Denmark 12/22
- Baker Hughes to supply liquefaction equipment for Commonwealth LNG export project 12/22
- South Korea petrochemical firms on track to cut up to 3.7 MM tons of output 12/22
- MOL and JERA sign HoAs for the charter of ammonia carriers 12/22
- China's November fuel oil imports up 15% from October 12/22
