Refining
Marathon puts out fire at Galveston Bay refinery
The fire in the 451,000 bpd refinery's hydrotreater unit burned for about a half-hour on Monday. The refinery, formerly known as BP Texas City, has had numerous problems in recent years.
Petrobras cancels partnership with PdVSA on new north Brazil refinery
Petrobras has been building the refinery on its own after PdVSA repeatedly missed deadlines to provide cash and loan guarantees to cover the Venezuelan firm's portion of the $20 billion project.
Indonesia could drive gasoline markets by 2018
Indonesia’s gasoline deficit and imports will exceed the US and Mexico, reversing trade flows and replacing the US as the main driver of global gasoline trade and prices.
Saudi minister indicates delay on Jazan refinery
Saudi Arabia's 400,000 bpd refinery and terminal in Jazan on the Red Sea will be completed within four years, the kingdom's oil minister Ali al-Naimi has said, indicating a delay in the long expected mega plant.
China may raise fuel prices amid tighter standards
The National Development and Reform Commission, China's top economic planning agency, said higher costs to improve nationwide fuel quality will be borne by both the refining industry and its consumers.
Total to lower investments starting in 2014, could cut refining capacity
In a briefing with media ahead of a meeting with investors and analysts, Total's chief financial officer Patrick de la Chevardiere noted that the group is considering cutting capacities at some refineries. "We're going to adapt our footprint to European demand," he said, without elaborating.
India approves new HPCL refinery in Rajasthan
Hindustan Petroleum will own 74% of the project, while the Rajasthan state government will own the rest. The refinery, located in Rajasthan's Bamer town, is expected to go on stream in four years.
Norway nixes big carbon capture project at Statoil refinery in Mongstad
The project has been both challenging and costly, and the risks are now seen as too big to go through with it, the government said. Statoil said it has no plans to shut down the refinery, which ran a surplus in 2012 for the first time in years, and was going through a cost savings program.
European refining sector needs further closures
Europe's refining businesses must slim down further and then pump billions of dollars into what remains, according to the head of European refining trade group Europia.
Finland’s Neste Oil plans to exit shipping business
Under the plan, Neste Oil will sell five tankers and three tugs to companies owned by Finland's National Emergency Supply Agency and the Ilmarinen Mutual Pension Insurance Company.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
