More Oil & Gas Processing News

Suncor wraps maintenance at Montreal refinery

Dec 24, 2014

Suncor Energy Inc. has concluded 3 months of planned maintenance at its 137,000-b/d Montreal, Que., refinery.

Vietnam, Japan sign MOU for grassroots Vietnamese refinery

Dec 23, 2014

State-run Vietnam National Petroleum Corp. (Petrolimex) and JX Nippon Oil & Energy Corp., a subsidiary of JX Holdings Inc., have signed a memorandum of understanding (MOU) to jointly develop a 10 million-tonnes/year refining and petrochemical complex to be located in Van Phong Economic Zone in Khanh Hoa Province, Vietnam.

Sasol secures financing for Louisiana petrochemical complex

Dec 23, 2014

Sasol Ltd. has completed a $4 billion credit facility for its proposed integrated ethane cracker and downstream derivatives complex to built adjacent to the company’s existing operations near Lake Charles in Westlake, La.

Regulators approve Unipetrol’s purchase of Czech refinery

Dec 22, 2014

Unipetrol AS’s plan to acquire soon-to-be former partner Eni SPA’s interest in Ceska Rafinerska AS (CRC) to become the plant’s sole owner would not violate state antitrust laws, the Czech Republic’s Office for the Protection of Competition (UOHS) said on Dec. 19.

Moody's: Russian oil-tax change helps exporters

Dec 22, 2014

A new adjustment to Russian oil and gas taxation will benefit oil companies that export most of their crude oil and high-grade oil products but hurt domestically focused producers, refiners, and petrochemical manufacturers, says Moody's Investors Service.

Barton introduces bill to remove US crude export limits

Dec 22, 2014

US Rep. Joe Barton (R-Tex.) introduced legislation that would remove US crude oil export limits that have been in place for nearly 40 years.

Oil and militancy

Dec 22, 2014

That oil prices can collapse while bloody militancy ravages three important members of the Organization of Petroleum Exporting Countries shows dominance of market fundamentals over geopolitical worry. But geopolitics never can be ignored.

California Bay Area advances plan for enhanced refinery regulations

Dec 19, 2014

California’s Bay Area Air Quality Management District (BAAQMD), the public agency responsible for regulating stationary sources of air pollution in the nine counties that surround San Francisco Bay, is moving forward with its plan to impose further emissions cuts on area refiners within the next 5 years.

IOC wraps study for petrochemical plant at Paradip

Dec 18, 2014

Indian Oil Corp. Ltd. (IOC) has completed a detailed feasibility study for setting up a polypropylene (PP) plant as part of a proposed petrochemical complex to be attached to its long-delayed 300,000-b/d, full-conversion refinery at Paradip, Odisha, on India's northeastern coast.

Patel appointed as LyondellBasell’s chief executive officer

Dec 18, 2014

LyondellBasell has chosen Bhavesh V. Patel to serve as its chief executive officer effective Jan. 12, 2015. He succeeds James L. Gallogly, who will retire.

Construction under way for Texas ethane cracker

Dec 17, 2014

Ingleside Ethylene LLC, a 50-50 joint venture of Occidental Chemical Corp. (OxyChem) and Mexichem SAB de CV (Mexichem), has started construction on a planned ethane cracker to be built at OxyChem’s existing plant in Ingleside, Tex.

Cooper to buy 50% of offshore Gippsland Sole gas field

Dec 17, 2014

Cooper Energy Ltd., Adelaide, has bought a 50% interest in the offshore Gippsland Sole dry gas field in retention lease Vic/RL3 as well as 50% of the Orbost onshore gas plant in eastern Victoria from Santos Ltd.

ExxonMobil lets contract for Antwerp refinery

Dec 17, 2014

ExxonMobil Petroleum & Chemical BVBA has let an engineering, procurement, and construction contract to Fluor Corp. for a delayed coker to be installed at its 320,000-b/d Antwerp refinery.

BPC report examines 40 possible options to reform RFS

Dec 16, 2014

The Bipartisan Policy Center issued a report outlining 40 possible options for reforming the federal Renewable Fuels Standard in an effort to move discussion of the controversial program beyond simply preserving or scrapping it.

Turkish refinery secures Canadian financing

Dec 16, 2014

Export Development Canada (EDC) said it is participating as lead arranger in the $3.3 billion debt-financing consortium supporting STAR Rafineri AS’s planned 214,000-b/d SOCAR Turkey Aegean Refinery (Star) in Aliaga, Turkey.

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