More Oil Refining News

PDVSA lets contract for Barinas refinery

Dec 9, 2013

Petroleos de Venezuela SA (PDVSA) has let a contract to Hyundai Engineering & Construction and Wison Engineering Services Co. Ltd. to build a refinery at Barinas, Venezuela.

Gazprom lets contract for refining complex

Dec 9, 2013

JSC Gazprom Neft, the oil arm of Russia’s OAO Gazprom, has let a contract to CB&I, Houston, for front-end engineering and design services for a refining complex at Gazprom Neft’s facility at Omsk, Western Siberia, Russia.

PIRA notes changes in crude oil markets

Dec 9, 2013

The oil-production surge from unconventional resources in North America is creating a surplus in the Atlantic Basin and reshaping oil and gas trade, notes PIRA Energy Group, New York.

Weak refining margins rein in third-quarter earnings growth

Dec 9, 2013

A sample of 59 US-based oil and gas producers and refiners posted a collective increase of 5.2% to $22 billion in earnings in this year's third quarter but a 12.7% decrease to $75 billion in the first 9 months compared with the same periods in 2012.

OGJ Newsletter

Dec 9, 2013

International news for oil and gas professionals

Kuwait lets contract for refinery expansions

Dec 6, 2013

Kuwait National Petroleum Co. (KPNC) has let a contract to AMEC to provide project engineering and management services for Kuwait’s Mina Al Ahmadi, Mina Abdullah, and Shuaiba refineries.

Loan backs US exports to Turkish refinery

Dec 6, 2013

The US Export-Import Bank has authorized a $640.7 million direct loan to Star Refinery AS, Istanbul, to finance the export of US equipment for a 214,000-b/d refinery planned in Aliaga, Turkey. 

Calls for Congress to reform RFS grow as EPA’s hearing approaches

Dec 5, 2013

An increasingly broad coalition plans to press Congress to repeal, or at least radically reform, the federal Renewable Fuels Standard, officials of several associations said the day before the US Environmental Protection Agency’s Dec. 5 public hearing on its proposed 2014 quotas.

Rising costs delay Alberta refinery project

Dec 5, 2013

Partners in the North West Redwater Partnership have postponed construction of the first phase of the Sturgeon bitumen refinery in the Industrial Heartland area of Alberta due to rising capital costs.

End seen to limit on Navajo Refinery runs

Dec 4, 2013

HollyFrontier Corp. said it expects by about the end of January 2014 to have resolved waste-water problems that have restricted crude runs at its 100,000-b/sd Navajo Refinery in Artesia, NM, since last month.

Sonangol taps Standard Chartered for Lobito refinery

Dec 3, 2013

Angola’s state-owned Sonangol EP has selected Standard Chartered Bank UK to provide financial consulting for the construction of its Sonaref refinery at Lobito in Angola’s Benguela Province.

Kuwait lets contract for Al-Zour refinery

Dec 3, 2013

Kuwait National Petroleum Co. has let a services-related contract to Honeywell for its 615,000-b/d Al-Zour refinery complex to be built in southern Kuwait.

Fire hits Petrobras refinery at Parana

Dec 2, 2013

A small fire occurred on Nov. 28 at the crude unit of Petroleo Brasileiro SA’s (Petrobras) 193,000-b/d Presidente Getulio Vargas refinery (Repar) at Araucaria, Parana, Brazil.

Western Europe leads global refining contraction

Dec 2, 2013

Global crude oil refining capacity in 2013 fell from the high it had attained in 2012 (OGJ, Dec. 3, 2012, p. 32) so that capacity growth since 2010 appears to be flattening, according to the latest OGJ Refinery Survey.

EIA: Crude oil throughputs hit November high

Nov 27, 2013

US refiners boost crude oil throughputs last week to their highest levels to date for the month of November, according to the latest data from the US Energy Information Administration.

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