Refining
Chevron joins race to explore potential purchase of Lukoil assets
The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20 B.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
ExxonMobil to close Scottish chemicals plant in 2026 amid market uncertainty
European chemicals producers, the European Union's fourth-biggest exporting sector after machinery, automotive and pharmaceuticals, have come under pressure from soaring energy costs following Russia's invasion of Ukraine and aging infrastructure, deepening their reliance on imports of key feedstocks such as ethylene and propylene.
Vietnam's Nghi Son to keep high crude runs despite derivative unit maintenance
There will be no major impact on main refinery operations, the spokesperson said, adding the November partial shutdown will include some works at its hydrogen manufacturing unit and a catalyst change at its residue hydrodesulphurization unit.
HORIBA’s gas and liquid analysis and measurement instruments adopted for INPEX’s Blue Hydrogen and Ammonia Production and Usage Demonstration Project
This project marks Japan’s first initiative to verify the entire value chain, from production to utilization, of blue hydrogen and blue ammonia derived from domestically sourced natural gas.
India ships first jet fuel cargo to U.S. West Coast
U.S. West Coast jet fuel production has been curtailed since October, after a fire at Chevron's 285,000-bpd El Segundo refinery in southern California forced the company to take multiple units offline.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
