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The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, is set to ship its first gasoline cargo out of the African region with a vessel heading for Asia, a source with knowledge of the plans told Reuters on Wednesday. We sell our products…
Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. The impairment was recorded for the Benicia and Wilmington refineries and is expected to be treated as a special item and excluded from the
refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics.
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
(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. Given rising seasonal demand, refinery crude processing rates will increase by 3.7
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
State-run oil giant PetroChina will shut the last remaining crude processing unit at its biggest refinery in northern China within weeks, industry sources told Reuters on Wednesday. Dalian Petrochemical, PetroChinas 410,000-barrels-per-day refinery in downtown Dalian, north China, has been shutting processing units since the end of 2023.
Israel launched a series of airstrikes on Tehran’s critical energy infrastructure early Sunday, setting ablaze the city’s main gas depot and a major oil refinery, as the conflict with Iran intensified into its most destructive phase yet.
Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. The refinerys FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000
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.
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.
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.
supermajor Chevron is inviting non-binding bids from potential buyers of its 50% stake in a refinery in Singapore, Reuters reported on Thursday, citing multiple sources with knowledge of the matter. As part of a push to streamline global assets and reduce costs, U.S.
billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle. We will build a refinery that, In shaa Allah, will have a capacity of approximately 500,000 barrels, Energy Minister Bahlil Lahadalia Indonesia is going all-in on oil with a massive $12.5
Indonesia is doubling to 1 million barrels per day (bpd) the planned capacity of the new refineries it will build in an effort to boost its energy security and downstream industry. To cover its domestic demand, Indonesia currently
Phillips 66, a diversified energy manufacturing and logistics company, says it plans to reconfigure its San Francisco refinery in Rodeo, Calif., The post Phillips 66 Plans to Reconfigure Refinery to Produce Renewable Fuels appeared first on NGT News. to produce renewable fuels. The Phillips 66 Rodeo Renewed project […].
which operates the Keystone pipeline connecting Alberta crude to refineries in the U.S. (BOE Report) – CALGARY – Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. so that more oilsands crude can be exported to Asia by tanker. Enbridge Inc. South Bow Corp.,
Image by Kreativorks via iStock Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base. The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery. WHAT DO YOU THINK?
Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants.
Valero has warned the government of California that it will take at least one of its two refineries within the state offline during first-half 2026, fulfilling earlier warnings by industry advocates that recently enacted state legislation governing refiners would lead to unintended consequences.
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday.
A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green […] The post Hungarian Group Inaugurates Green Hydrogen Production Project appeared first on POWER Magazine.
billion was recorded for the Benicia and Wilmington refineries, and is expected to be treated as a special item and excluded from first quarter 2025 adjusted earnings. Valero owns 15 petroleum refineries located in the U.S., Valero continues to evaluate strategic alternatives for its remaining operations in California.
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.
refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports , citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics.
Domestic refinery intake slumped… Saudi Arabia, the world’s top crude exporter, saw its exports in April at an average of 6.17 million bpd, according to the JODI data which compiles self-reported figures from the individual countries. million bpd.
Sunoco would gain control of Parkland’s fleet of fueling stations and its valuable Burnaby refinery near Vancouver, BC. fuel supplier Sunoco announced in May that it has inked a US$9.1-billion billion agreement to buy Canada-based Parkland Corp., a move that would create the Americas’ largest independent fuel distributor.
Adnoc is sending Murban crude back to its Ruwais West refinery as prices for the light crude have dropped below heavier alternatives. The move could have a significant impact on the pricing not just of Adnoc’s crude grades, but on a whole basket of regional medium-sour crudes.
Israel’s Oil Refineries said its pipelines and transmission lines in Haifa had been damaged by missile strikes by Iran, according to a regulatory filing to the Tel Aviv Stock Exchange.
Image by Nantiya Rattanatum via iStock The UK’s Lindsey oil refinery has restarted deliveries of fuel, according to the Department for Energy Security & Net Zero. “Deliveries from the Prax Lindsey Oil Refinery have resumed,” the department said by email late Tuesday. The UK is well supplied with fuel, it said.
(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% Gulf Coast pressured that market lower. million, 4.2%
Braya Renewable Fuels has achieved commercial operations, successfully completing its Canadian refinery conversion project in Come By Chance, Newfoundland and Labrador, and beginning to provide reliable renewable fuel for energy transition.
Gunda said the commission wants to increase gasoline supply in California after two refineries announced plans to close in the next year, accounting for about one-fifth of the state’s crude-processing capacity. to shut their refineries. to shut their refineries. “We get it,” he said. ” WHAT DO YOU THINK?
Nigeria is still pumping just above its OPEC quota, but in March, the country reduced supply to its new Dangote refinery. OPEC pumped 26.63 million barrels per day in March, or 110,000 bpd less than February, according to the survey. Nigeria, Iran, and Venezuela each saw a drop in March output of 50,000 bpd.
The president added that the new Pemex refinery in Dos Bokas was making progress, too. Problems with the salt content in Pemex oil have been solved, the countrys president Claudia Sheinbaum said, after multiple reports about trouble with salt and water content in Pemex crude. Instead, refiners
per gallon if two major refineries are allowed to shut down as planned. These factors include high state taxes, a boutique fuel blend required only in California, and an increasingly constrained refinery landscape. When refineries close, there arent many viable alternatives. The problem isnt limited to fuel prices.
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.
A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.
billion pre-tax impairment related to its California refineries and notified state regulators of its intent to idle, restructure, or cease operations at its Benicia refinery by the end of April 2026. Valero said it has recorded a $1.1
Image by klyaksun via iStock Russia said its overnight missile and drone barrage struck the large Kremenchuk oil refinery in central Ukraine, which was previously targeted by Kremlin forces in 2022. Russia previously targeted the Kremenchuk refinery and surrounding areas with a series of missile attacks in April, May and June of 2022.
While Saudi Arabia has been restricting crude oil production and exports as part of the OPEC+ deal, it has been running refineries at near-record levels this year and exporting record-high volumes of refined petroleum products. But theres a silver lining in falling crude prices profits from refining the crude rise with cheaper feedstock.
and European refineries. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. sanctions on Venezuela’s energy industry since 2019. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S.
Ammonia and Hydrogen Refineries, big oil and gas and the chemical sectors Recent announcement regarding ammonia docking facilities and cracking plants prompted me to update the community with a series of global projects involving ammonia, and especially its keys interaction with refining and refineries. This perhaps is.
The post NewEnergyBlue Acquires Biofuel Tech, Plans Nebraska Refinery appeared first on NGT News. The company first plans to use it to turn North Dakota wheat straw into a carbon-neutral automotive fuel. The technology license was purchased from Ørsted, a Danish green energy company.
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