Refining
Private refiners tap India's drivers as export markets tighten
India's two major private-sector refiners, which have long prioritized exports, are turning to local sales, grabbing share in the country's fast-growing $150-B fuel retail market as weaker global demand squeezes profit margins offshore.
Irving Oil invests $100 MM in Saint John refinery upgrade
Irving Oil said on Thursday it plans to invest $100 MM to upgrade a key crude oil processing unit at its 320,000-bpd Saint John facility in New Brunswick, Canada's largest refinery.
IEA: Global energy investment set to hit record $3.3 T in 2025
A surge in clean energy spending is expected to drive a record $3.3 T (€2.89 T) in global energy investment in 2025, despite economic uncertainty and geopolitical tensions.
Idemitsu shuts No. 3 CDU at Yokkaichi refinery for maintenance
Japanese oil refiner Idemitsu Kosan shut the 155,000-bpd No. 3 crude distillation unit (CDU) at its Yokkaichi refinery in central Japan on May 19 for scheduled maintenance.
Japan's Eneos begins unplanned shutdown at 77,000-bpd unit at Kawasaki
Japan's biggest refiner, Eneos Corp., experienced an unplanned shutdown of the 77,000-bpd No. 3 crude distillation unit (CDU) at its Kawasaki refinery near Tokyo, starting June 4.
LanzaJet, ATOBA Energy sign MoU to expand access to SAF market
LanzaJet and ATOBA Energy have signed a memorandum of understanding (MoU) to collaborate on accelerating sustainable aviation fuel (SAF) deployment and creating new commercial models for the market.
Chart Industries and Flowserve combined to form $19-B enterprise
Chart Industries, Inc. and Flowserve Corporation announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion.
EIA: U.S. crude stockpiles fall, fuel builds as refiners hike output
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.
PetroChina to close last unit of biggest north China refinery end-June
PetroChina is set to close the last remaining crude unit at its biggest north China refinery at the end of this month, broadly in line with an earlier plan that marks the country's first full closure of a state-run plant.
bp Rotterdam oil refinery's crude unit restarted on June 4 after unplanned outage
bp has restarted a crude distillation unit at its Rotterdam oil refinery on the morning of June 4, having shut the 200,000-bpd unit because of an unplanned outage the previous day.
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