More Refining Capacities News

Cuba, Venezuela sign new accords on oil, gas

Dec 15, 2008 Venezuelan President Hugo Chavez and his Cuban counterpart, Raul Castro, have signed agreements to expand the capacity of two refineries in Cuba and to construct a third one.

OGJ Newsletter

Dec 15, 2008

Special Report: Asia petchem expansions to 2015 increase demand for naphtha

Dec 15, 2008 A wave of ethylene investment will take place in Asia during 2009-11 with distinct peaks in early and late 2009.

Special Reports: China, India lead growth in Asian refining capacity

Dec 15, 2008 Asian refining capacity continues to grow rapidly despite the effects of a suffering global economy.

PetroSA awards contract for South African refinery

Dec 8, 2008 PetroSA has let a feasibility and front-end engineering and design contract to KBR for its 400,000 b/d refinery in the Coega industrial development zone outside Port Elizabeth, South Africa.

OPEC: Oil demand deteriorates

Dec 8, 2008 Although there were no production adjustments at their Nov. 29 consultation in Cairo, members of the Organization of Petroleum Exporting Countries did note the rapid deterioration of demand prospects since their Oct. 24 agreement to reduce production effective Nov. 1.

Showa Shell Seikyu looks to solar power

Dec 6, 2008 Showa Shell Sekiyu KK expects alternative energy to become increasingly important in Japan and as such is ramping up its solar power efforts, according to Pres. Jun Arai.

Nippon Oil, Nippon Mining planning to merge

Dec 5, 2008 Japan's leading refiner Nippon Oil Corp. and sixth-ranked Nippon Mining Holdings Inc., faced with sluggish domestic demand for gasoline, plan to merge their operations under a single holding company.

IPF: 2009 E&P investment to stabilize or slow

Dec 4, 2008 E&P investments should stabilize in the first few months of 2009 after which "there is limited visibility," said Institut Francais du Petrole Pres. Olivier Appert at a press conference Nov. 27.

IFP: 2009 E&P investment to stabilize or slow

Dec 4, 2008 E&P investments should stabilize in the first few months of 2009 after which "there is limited visibility," said Institut Francais du Petrole Pres. Olivier Appert at a press conference Nov. 27.

OPEC: Oil demand deteriorates

Dec 1, 2008 Although there were no production adjustments at their Nov. 29 consultation in Cairo, OPEC members did note the rapid deterioration of demand prospects since their Oct. 24 agreement to reduce production.

Services/Suppliers

Nov 24, 2008

OGJ Newsletter

Nov 24, 2008

a New regs require lower bunker fuel sulfur levels

Nov 24, 2008 Recently ratified International Marine Organization regulations that call for a decrease in the sulfur level of marine bunker fuels may cause refiners to invest in more desulfurization and conversion capacity.

Iran’s rationing system working to control gasoline consumption

Nov 24, 2008 The launch in 2007 of an elaborate gasoline rationing system by Iranian President Mahmoud Ahmadinejad’s cabinet to help stem that country’s gasoline consumption was initially met with both skepticism and discontent.

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