Refining
Refiners shun new Canadian crude blend offer from Enbridge line
CALGARY, Alberta (Reuters) -- Enbridge Inc has approved a new stream of heavy Canadian crude for export on one of its major oil pipelines to the United States, according to four trading sources. The only problem? No one wants it.
Aramco awards Técnicas Reunidas ‘Clean Fuels’ project at Ras Tanura refinery
Saudi Aramco, the Saudi Arabian state-owned oil company, has selected Técnicas Reunidas (TR) to execute the turnkey contract for the “Clean Fuels” project in the Ras Tanura refinery in the east coast of Saudi Arabia.
India's 2016 fuel sales growth highest in at least 16 years
NEW DELHI (Reuters) -- India's fuel demand in 2016 grew at its highest pace in at least 16 years as low oil prices for most of the year boosted demand for gasoline and aviation fuels.
Iran in talks to export 4 MM barrels of oil per month to Philippines
ANKARA (Reuters) -- National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country, Iran's English-language Press TV quoted a statement published on Friday by the NIOC as saying.
US crude stocks fall sharply, products surge
(Reuters) -- US crude oil inventories fell sharply as higher refining runs prompted a surge in gasoline and distillate stocks in the last week of 2016, the Energy Information Administration said on Thursday.
LyondellBasell plans to retain Houston refinery after asset review
NEW YORK (Reuters) -- LyondellBasell said on Thursday that it would retain its Houston-area refinery following a review of strategic options for the business.
China's Iran oil imports to hit record on new production
BEIJING (Reuters) -- China's Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said.
US refiners face severe labor shortage for deferred maintenance
(Reuters) -- After years of running flat out, US Gulf Coast refiners are lining up repairs to plants in 2017 -- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks.
Fluor awarded refinery project in Chile
IRVING, Texas – Fluor Corporation announced that it was awarded a contract by Empresa Nacional del Petróleo for the engineering, procurement and construction of a new process unit at its Biobío refinery in Chile. Fluor booked the undisclosed contract value in the fourth quarter of 2016.
Vitol clinches $1-B pre-finance oil deal with Iran
LONDON/DUBAI (Reuters) -- The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
- Transitional Industries and CFEnergia sign feedstock supply contract for $3.3-B Pacifico Mexinol project 2/17
- Neste and World Fuel Services extend partnership, expanding SAF availability at more than 100 airports in Europe 2/17
- BASF supports European 1,4‑butanediol supply security through increased production in Ludwigshafen 2/16
- Vitol backs proposed $3-billion LNG power plant for South Africa's Durban port 2/16
- HAMR Energy receives additional funding for low-carbon liquid fuels projects 2/16
- NASCAR names POET official bioethanol partner: Becomes first major motorsports series to utilize zero-carbon bioethanol 2/16
