Refining
BP announces investment of $30 MM in biojet producer Fulcrum
BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.
China sets export tax rebate for refined fuel at 17%
China has raised the export tax rebate for gasoline, diesel and jet fuel to 17%, effective from November 1, 2016.
Shipping fuel change to upend refining, threaten OPEC crudes
A switch to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries, but threatens to put older ones out of business and punish those countries that produce the wrong kind of crude.
MOL to focus on refining efficiency, petrochemical diversification
The MOL Group will continue to focus on improving the efficiency of its refining business and expand its petrochemicals business to take advantage of growing demand.
Four years after rescue, Philadelphia refinery reels as investors profit
Four years after private equity firm Carlyle Group and a partner purchased Philadelphia Energy Solutions, the refinery faces another existential crisis.
OGCI announces $1-B investment to accelerate development of low emissions technologies
OGCI Climate Investments will aim to deploy successfully-developed new technologies among member companies and beyond.
TotalErg pump network sale hangs on refinery deal
France's Total and Italy's Erg are looking to sell a stake in their Italian refinery business Sarpom to facilitate an auction of one of the country's biggest service station networks.
Enerfab to provide heat transfer equipment services
Enerfab is expanding its overall service offering to include heat transfer equipment services formerly provided by American Power Services.
AspenTech Acquires Mtell
Aspen Technology, Inc. has acquired Mtelligence Corp., a San Diego, California-based pioneer in the field of predictive and prescriptive maintenance for asset performance optimization.
China firm seeks state financing for $5.5-B Caribbean oil project
Commodity trader Guangdong Zhenrong Energy Co. is in talks to secure funding for a $5.5-B plan to upgrade a Caribbean oil refinery and build a natural gas terminal, giving China a foothold in a strategic oil hub.
- 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
- U.S. refined product exports by tanker increase to > 6.3 MMbpd in January 2/17
- Japan's oil and gas independence climbs to highest since 2009 2/17
- Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion 2/17
- Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure 2/17
