| | | | | | ExxonMobil is set to sell its majority stake in Esso SAF and fully divest from ExxonMobil Chemical France in a deal with North Atlantic, marking a strategic move away from downstream and chemical assets in France, with completion expected in late 2025. |
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| | | | Sponsored | | US oil production plays a pivotal role in the US. The workers providing this critical resource face a fatality rate 7 times higher than all industries. Almost 26% of these fatalities are due to fleet accidents caused by operator fatigue and blind spots. Brigade Electronics solutions help eliminate these hazards to keep your operators safe. |
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| | | | A fire at Chevron's El Segundo refinery heightens concerns over California's refining industry amid other oil and gas refining operators' plans to close refineries. |
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| In this ICYMI episode of the Oil & Gas Journal ReEnterprised podcast, Robert Brelsford, Downstream Editor, dives deeper into the state of California’s recent decision to walk back more aggressive policies governing in-state refiners and what the move potentially could mean in the future for other US states with refineries. |
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| | ExxonMobil's move aligns with oil and gas industry trends, as Chevron and ConocoPhillips also have announced workforce reductions to adapt to volatile crude oil markets and evolving regulations. |
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| | | | Sponsored | | From offshore rigs to refinery turnarounds, LGH delivers certified lifting and rigging equipment you can depend on. With North America's largest inventory and expert support, we help keep your projects safe, on time, and within budget. |
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| | | | The sale allows Occidental to focus on upstream oil and gas operations while using the proceeds to reduce debt by $6.5 billion. Berkshire Hathaway plans to operate OxyChem as a standalone entity. |
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| | bp PLC has halted plans to build a biofuels plant in Rotterdam, continuing a retreat from earlier renewables ambitions as the company shifts capital back toward oil and gas investments. |
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| | Launched in 2022, the project incorporates proprietary upgrading technology designed to convert bottom-of-the-barrel residual fuel oil and other lower-value heavy molecules into higher-value products that, in addition to lubricant base stocks, include cleaner-burning distillate fuels. |
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| Through the $702-million deal with Sumitomo Chemical, Aramco is now Petro Rabigh’s largest shareholder with an equity stake of about 60%. |
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| | | | Eni confirmed the Italian Ministry of the Environment and Energy Security approved an application to begin the project’s environmental impact assessment, marking the next phase in Eni's transition of the Priolo site from conventional petrochemical production to renewable fuels and circular economy technologies. |
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| | Repsol SA has approved construction of its first large-scale renewable hydrogen production plant at the operator’s 220,000-b/d Cartagena refinery in Spain’s southeastern province of Murcia, along the Mediterranean Sea. |
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| | With the proposed plant’s authorization phase initiated following Enilive’s earlier filing of an application for the project’s environmental impact assessment, Eni said it expects the Sannazzaro refinery to begin biorefining operations in 2028. |
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| | | | Sponsored | | This book presents problems and troubleshooting techniques that are associated with specific processes, systems, and equipment, leading novice and practiced troubleshooters alike to the crux of malfunctions and failures. The 5th edition includes updates on maintenance and design techniques, as well as nine additional chapters on reducing CO2 emissions from process units. |
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| | | | US distillate inventories are projected to be lower in 2025 and 2026 due to a significant draw in 2025, driven by refinery closures, reduced biofuel production, and increased exports, raising concerns over supply stability and price volatility. |
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| | China’s oil demand is set for a stronger trajectory in 2026, as robust refining activity and a push toward petrochemical expansion offset structural challenges in fuel consumption, according to Macquarie strategists. |
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| The company did not provide a timeline for the restart of operations, nor did it disclose the cause of the fire pending internal reviews. The MB-4 unit is one of several fractionators at ONEOK’s Mont Belvieu complex, a critical hub for NGL fractionation along the US Gulf Coast. |
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