Refining
OPEC compliance seen growing as laggards Iraq and UAE pledge action
LONDON (Reuters) -- OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards -- the United Arab Emirates and Iraq -- pledge to catch up quickly with their targets.
France's Engie starts global LPG desk to meet power demand, hedging needs
SINGAPORE (Reuters) -- France's international utility company Engie has started a global desk to trade liquefied petroleum gas (LPG) and plans to promote the fuel as a replacement for diesel in power generation, senior executives said on Thursday.
Hellenic Petroleum Q4 core profit beats forecasts
ATHENS (Reuters) -- Greece's biggest oil refiner Hellenic Petroleum reported a 17% rise in fourth quarter core profit on Thursday, helped by strong refining margins and exports.
EIA: US crude oil stocks build for seventh straight week
NEW YORK (Reuters) -- US crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday.
Tallgrass Energy pipeline to build connection to Holly Frontier refinery
LEAWOOD, Kan. -- Tallgrass Energy Partners, LP announced that Pony Express Pipeline has reached an agreement with Holly Frontier Corporation and its affiliates to build facilities to connect Holly Frontier’s refinery complex in El Dorado, Kansas to the Pony Express Pipeline.
Philadelphia Energy Solutions taps its COO to lead company
NEW YORK (Reuters) -- Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday.
Vietnam's new Nghi Son refinery expects to get first crude oil in May
HANOI (Reuters) -- Vietnam's new $7.5 billion Nghi Son oil refinery expects to take delivery of its first crude oil in May and to have its first products by the third quarter of the year, the company said on Thursday.
Saudi Aramco in lead to buy OMV's Turkish unit Petrol Ofisi
KHOBAR, Saudi Arabia/LONDON (Reuters) -- Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV, sources familiar with the matter said.
Refiner HollyFrontier reports smaller-than-expected loss
(Reuters) -- US refiner HollyFrontier Corp reported a smaller-than-expected loss as cost cuts partially offset a decline in refining margins.
Indian Oil makes rare offer of jet fuel for March export
NEW DELHI/SINGAPORE (Reuters) -- Indian Oil Corp may regularly export jet fuel from its 300,000 bpd Paradip refinery as the country's kerosene demand eases with the government's push to use of cooking gas.
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
- SOCAR signs deal to buy Gama Enerji gas plant in Turkey for $225 MM 12/24
- Japan's Eneos leads bids for Chevron’s Singapore oil refinery stake 12/24
- Larsen & Toubro awarded EPCC contract for BPCL's polyethylene plant 12/24
- Maire's Nextchem to acquire technology licensor and engineering company Ballestra 12/24
- bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion 12/24
