Refining
Update: Venezuela's second largest refinery restarting units after blackout
Venezuela's state-run PDVSA was on Wednesday restarting several operational units at its 310,000-bpd Cardon refinery.
Wood to design upgrades at Ecopetrol refinery for cleaner fuels production
Wood has been awarded a contract by Colombia's majority state-owned oil company, Ecopetrol, to deliver the detailed engineering design for upgrades at its Barrancabermeja refinery in Colombia.
China doubles 2025 naphtha import quotas
China has issued a second batch of 2025 naphtha import quotas, nearly doubling last year's allocations, as demand rises due to disruptions in U.S. supplies of cheaper alternatives propane and ethane as well as new cracker startups.
BEL Valves supplies six-figure order for Europe’s largest processing plant
BEL Valves, which manufactures high integrity valves, complete with actuation and control systems for oil and gas, hydrogen (H2) and carbon capture installations, has supplied valves worth six figures to Norwegian multinational energy company, Equinor for its Kårstø processing plant in Norway.
INEOS responds to UK Government's industrial strategy
• STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing
Pertamina is looking to import > 200,000/month of 90-octane gasoline
Indonesia's Pertamina sought 200,000 barrels per month of 90-octane grade of gasoline for July-September delivery.
Japan will mitigate potential gasoline price spike, prime minister says
Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26.
U.S. refinery capacity grew to 18.4 MMbpd in 2024
U.S. refinery crude oil processing capacity grew by nearly 40,000 bpd in 2024 to 18.4 MMbpd.
Venezuela's second-largest refinery halted due to power blackout
Venezuela's second-largest refinery, the 310,000-bpd Cardon plant operated by state company PDVSA, has been halted due to a power blackout.
Chevron seeks buyers for 50% stake in Singapore refinery
U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina.
- Shell Aviation, Accenture, and Amex GBT expand Avelia into a multi-supplier SAF solution 7/16
- ORLEN and Krajowa Grupa Spożywcza sign MoU to accelerate biomethane production in Poland 7/16
- New plants, U.S. trade worries to drive China's 2025 naphtha imports to record 7/16
- Blue Water significantly reduces CO2 emissions by switching to HVO in port operations 7/16
- Swire Shipping launches new carbon insetting program – ‘Voyage to Zero’ 7/16
- China's surplus crude oil surges in June, giving refiners options 7/16
