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Nigeria’s Mega Refinery Halts Petroleum Sales in Naira

OilPrice

Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). In a statement on Wednesday, Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira..to

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Scotland’s Sole Oil Refinery Shuts Down for Good

OilPrice

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024. Petroineos, a joint venture between PetroChina and INEOS, said it would transition the site to a finished fuels import terminal and distribution

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Irving Oil invests $100 million in Saint John refinery upgrade

BOE Report

Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crude oil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.

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Saudi Oil Giant Aramco Eyes Investment in Indian Refineries

OilPrice

Saudi Aramco, the worlds top oil firm and single biggest crude exporter, is in discussions to invest in two planned refineries in India, sources in India told Reuters on Thursday.

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Saudi Arabia and India at Odds Over Crude Supply to Possible Joint Refineries

OilPrice

Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the worlds third-largest crude oil importer.

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India’s Green Hydrogen Bet Gets a $5.6B Boost

OilPrice

India is advancing efforts to boost renewable energy use even as the worlds third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the countrys top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen made from electrolysis at one of its refineries.

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Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels

NGT News

Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The plant would no longer produce fuels from crude oil but instead would make fuels from used cooking oil, fats, greases and soybean oils. to produce renewable fuels.

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