More Oil Refining News

Moody's: Global refining, marketing industry to see earnings rise this year

Apr 14, 2014

The global refining and marketing (R&M) industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody's.

Suriname refinery expansion advances

Apr 11, 2014

The construction phase is progressing for a major expansion and efficiency project to double crude capacity at the Tout Lui Faut refining complex about 12 miles south of Suriname’s capital city of Paramaribo.

SOCAR restarts units at Baku refinery

Apr 11, 2014

State Oil Co. of Azerbaijan Republic (SOCAR) has resumed operations at two units within its 239,000-b/d Heydar Aliyev (formerly New Baku) refinery in Baku, Azerbaijan, following installation and repair work.

Contract let for Guangdong heavy oil refinery

Apr 10, 2014

Sino-Venezuela Guangdong Petrochemical Co., a subsidiary of China National Petroleum Corp.’s (CNPC) PetroChina Co. Ltd., has let a second major contract to Metso Corp. for advanced valve technology at its 20-million tonne/year heavy crude oil processing plant in the Jieyang Nandahai Petrochemical Industrial Zone of China’s Guangdong province.

Construction nears for Egyptian refinery project

Apr 10, 2014

Egyptian Refining Co. (ERC) plans to begin construction this month on its grassroots refining upgrade project to be built within the existing Mostorod Petroleum Complex (MPC), 20 km northeast of Cairo in Qalyoubia Governate, Egypt.

Suncor begins planned maintenance at Alberta refinery

Apr 8, 2014

Suncor Energy Inc. has started planned maintenance at its 142,000-b/d refinery in Edmonton, Alta.

Moody’s: Global refining, marketing industry to see earnings rise this year

Apr 7, 2014

The global refining and marketing industry will continue to see pockets of earnings growth over the next year, but flat conditions overall, with product demand expected to increase modestly this year by 1.2 million b/d, according to a recent report from Moody’s. That demand increase will be roughly in line with net global capacity additions, Moody’s said.

MRPL starts delayed coker at Mangalore refinery

Apr 4, 2014

Mangalore Refinery & Petrochemicals Ltd. (MRPL), a subsidiary of Oil & Natural Gas Corp. Ltd., has commissioned a 3 million tonne/year delayed coking unit (DCU) that is part of a long-delayed project to expand its 194,000-b/d refinery in Mangalore, India.

Move carefully on crude exports, refiner urges House subcommittee

Apr 4, 2014

Tight oil formations have helped the US increase its crude production dramatically, an independent refiner conceded. But the nation should proceed cautiously as it considers authorizing more crude exports, he told a US House Foreign Affairs Committee subcommittee.

Total lets contracts for Antwerp refinery

Apr 3, 2014

Total SA, through its wholly owned subsidiary Total Olefins Antwerp, formerly Fina Antwerp Olefins (OGJ Online, Dec. 21, 2011), has let two contracts to a subsidiary of Maire Tecnimont SPA, Milan, for the implementation of the Refinery Off-Gas (ROG) project at its 338,000-b/d Antwerp refinery in Belgium.

UK union calls on government to save Welsh refinery

Apr 3, 2014

Unite, Britain’s biggest union, has called on the UK government to support Welsh industry and ensure secure gasoline supplies by helping to save Murco Petroleum Ltd.’s 135,000-b/d Milford Haven refinery in Pembrokeshire, Wales.

Suncor wraps maintenance at Colorado refinery

Apr 2, 2014

Suncor Energy Inc., Calgary, has completed planned maintenance at its 98,000-b/d Commerce City refinery near Denver.

Construction continues on Qatar’s Laffan Refinery 2

Apr 2, 2014

Qatar Petroleum (QP) has started additional construction work a 146,000-b/d condensate splitter at its Laffan refining complex in Ras Laffan Industrial City.

BP Australasia to close Brisbane refinery

Apr 2, 2014

BP Australasia has announced the imminent closure of its Bulwer Island refinery at Brisbane. The 96,850-b/d facility will close by mid-2015 with the loss of more than 350 jobs, slicing another piece from Australia’s diminishing local production of petrol, diesel, and other fuels. The company is investigating the option of turning the refinery into a fuel import terminal.

US, Canadian oil, gas firms' fourth-quarter 2013 earnings slip

Mar 31, 2014

A sample of 53 US-based oil and gas producers and refiners posted a collective decrease of 2% in fourth quarter earnings and an 11% decrease in full year 2013 earnings compared with the same periods in 2012.

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