Refining
U.S. Gulf Coast fuel oil imports at record low as refiners opt for heavier crude
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.
Shell flags profit hit from weakness in gas trading and chemicals business
Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.
Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth
Air Liquide will invest up to $200 MM in Louisiana, U.S., to modernize and connect an air separation unit (ASU) to its existing network.
China's Shandong raises fuel oil import tax rebates for some refineries
The provincial government of Shandong, China's refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins and fuel demand.
Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI
AI has the potential to effect a real change. By harnessing vast amounts of operational data, AI can support process optimization, help to predict equipment failures and better facilitate the integration of renewable energy sources. These capabilities can improve asset performance as well as operational sustainability.
Digital Feature: Flare system design—The importance of periodic evaluation of existing facilities
This article emphasizes the critical importance of routinely revalidating relief and flare system designs, much like the periodic review of process hazard analyses. A detailed case study is reviewed to illustrate the value of such revalidations.
Valmet to deliver Valmet DNA DCS to a bio-based process plant in Portugal
Valmet will deliver a Valmet DNA distributed control system to a bio-based process plant in Portugal. The order was placed by Valmet’s new Value Added Reseller (VAR) partner Tecnilab AV Portugal S.A.
EIA: U.S. crude and gasoline inventories rise, distillates draw down
U.S. crude oil and gasoline inventories rose unexpectedly last week, while distillate stockpiles fell.
Vitol group submits bid above $10 B for Citgo's parent
A group led by commodities trading house Vitol submitted a bid exceeding $10 B in the final hours of a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM
Studi Tecnologie Progetti S.p.A. announced that it has signed a $600-MM contract with Attock Refinery Ltd. for the modernization of the Rawalpindi refinery in Pakistan.
- Borouge, Borealis, CFF and PMS join forces to study polyolefin recycling ecosystem in Indonesia 2/10
- bp's Gelsenkirchen refinery attracts buyer's interest from Klesch 2/10
- Fire at Baiji refinery contained, Iraq's Somo says 2/10
- Hengli Petrochemical sets up Dubai trading subsidiary in expansion 2/10
- Canadian airlines suspend Cuba flights as island set to run out of jet fuel 2/10
- Idemitsu Kosan plans maintenance at Keihin refinery in April 2/10
