Refining
China's Zhejiang Rongsheng eyes doubling refinery capacity in 2020
Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020.
US refiners revamp operations as renewable fuel costs surge
US oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned.
LiqTech to supply $18. MM filtration system for Chinese bioethanol plant
LiqTech International, Inc. has entered into a letter of intent to supply a $1.8 MM filtration system for a 100 Mtpy bioethanol plant to be located in Harbin, Heilongjiang, China.
GP Strategies awarded training contract for Kuwait clean fuels project
GP Strategies Corporation has entered into a multi- year agreement with Kuwait National Petroleum Company for training, documentation and competency development services to support Kuwait’s clean fuels project.
Houston Ship Channel re-opens to some vessel traffic
The Houston Ship Channel re-opened to some vessel traffic after a tanker fire prompted closure of the waterway.
Platts proposes change in sulfur content in Asia gasoil benchmarks
Oil pricing agency Platts has begun consulting with traders this week on a change it has proposed in the sulfur content of its key gasoil benchmarks in Asia and the Middle East.
World Energy acquires Mississippi biodiesel production facility
World Energy has acquired Elevance Natchez Inc.’s biorefinery located on the Mississippi River in Natchez, Mississippi.
Tesoro to acquire renewable technology company
Tesoro Corp. has agreed to acquire Virent, Inc., a renewable fuels and chemicals company, to support Virent's success in bringing biofuels technology to commercial scale.
Vietnam to privatize Dung Quat refinery by June 2017
Vietnam aims to privatize its $3 B Dung Quat oil refinery by June 2017, with energy firms from Russia, Thailand and Kuwait expressing interest in taking a strategic stake.
Matrix Service Company awarded construction contract for Monroe Energy refinery
KBR, Inc. awarded Matrix North American Construction a project for construction services in connection with KBR's Tier 3 Ultra-Low-Sulfur Gasoline Relocation Project at Monroe Energy's Refinery in Trainer, Pa.
- 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
