More Oil & Gas Processing News

US merchant bank to buy Newfoundland refinery

Sep 8, 2014

Harvest Operations Corp., a wholly owned subsidiary of Korea National Oil Corp., has agreed to sell its 115,000-b/d refinery in Come-by-Chance, Newf., to New York-based merchant banker SilverRange Financial Partners LLC.

ESAI: Rising distillation capacity to hasten refinery closures

Sep 4, 2014

A wave of new distillation capacity over the next year will lead to additional refinery closures, particularly for operators in Europe, according to a recent report from ESAI Energy LLC.

CHS plans revamp of Montana refinery

Sep 4, 2014

US farmer-owned cooperative CHS Inc. plans to invest $406 million to boost efficiency and increase diesel production at its 55,000-b/d Laurel, Mont., refinery.

ExxonMobil plans upgrade at Norwegian refinery

Sep 3, 2014

ExxonMobil Corp. subsidiary Esso Norge AS is planning to install a residual flash tower designed to replace heavy fuel oil production at its 6 million-tonne/year refinery at Slagen, Norway.

Saudi ethylene plant enters planned maintenance

Sep 3, 2014

Tasnee & Sahara Olefins Co. (TSOC) has shuttered its ethylene and propylene production plant in Al Jubail Industrial City, Saudi Arabia, for nearly a month of planned maintenance.

Rosneft commissions isom unit at Kuibyshev refinery

Sep 3, 2014

OAO Rosneft has commissioned an isomerization (isom) unit at its 6.8 million-tonne/year Kuibyshev refinery in Russia’s Samara region.

Owners request extension for sale of shuttered Caribbean refinery

Sep 3, 2014

Hovensa LLC, the joint venture of Hess Corp. and Petroleos de Venezuela SA, has asked for an extension of the agreement that governs the established sales process of its shuttered 500,000-b/d refinery at St. Croix, US Virgin Islands, government officials confirmed.

Contract let for Koch fertilizer expansion

Sep 3, 2014

Koch Nitrogen Co., Wichita, let a reimbursable engineering, procurement, and construction contract to KBR Inc. for a grassroots urea plant to be built in conjunction with a $1.3 billion expansion of its fertilizer complex at Enid, Okla.

Egyptian refinery secures loan for expansion project

Sep 3, 2014

Assiut Petroleum Refining Co. (ASORC) has secured financing from Saudi-based Islamic Development Bank (IDB) for the upgrade of its 47,000-b/d refinery in Asyut, Egypt.

Pembina signs $650 million deal to buy Vantage line, associated assets

Sep 2, 2014

Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane extraction plant (SEEP) for $650 million from certain entities affiliated with Riverstone Holdings LLC. The transaction, effective Aug. 1, is expected to close in the fourth quarter.

Gas production set to resume at In Amenas gas facilities

Sep 2, 2014

Statoil ASA and partners BP PLC and Algerian state-owned Sonatrach are set to resume “ordinary operations” at the In Amenas gas production facility of eastern Algeria near the Libyan border 19 months after it was seized by Islamic militants.

Kansas refinery resumes normal operations

Sep 2, 2014

CVR Refining LP, Sugar Land, Tex., has resumed normal operations its 115,000-b/d refinery at Coffeyville, Kan., following a fire in late July that led to the plant’s shutdown.

Crude oil processing resumes at Achinsk refinery

Sep 2, 2014

OAO Rosneft has resumed crude oil processing at its 7 million-tonne/year Achinsk refinery in Bolshoy Uluy District, Krasnoyarsk Territory, Eastern Siberia, following a June 15 fire that shuttered operations at the plant.

Crude oil pipeline growth, revenues surge; construction costs mount

Sep 1, 2014

US pipeline operators continued to expand their systems rapidly in 2013. Investment in oil pipeline carrier property surged last year, rising roughly $14 billion to more than double the values seen only 7 years before.

EPA finalizes GHG permits for Texas olefins complex

Sep 1, 2014

The US Environmental Protection Agency has issued a final permit to Formosa Plastics Corp. (FPC) to proceed with the third major expansion of its petrochemical complex in Point Comfort, Tex. (OGJ Online, June 3, 2013).

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