Refining News

Every week, BIC Magazine will publish the top five articles as a recap. Here are this week's top headlines for November 13-17, 2017 more

Nov 17, 2017 2:46 PM Refining/Petrochemical

A 2D animation of events that led to the Arkema chemical plant evacuation and fire in Crosby, TX. more

Nov 17, 2017 10:28 AM Health, Safety & Environmental

The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, the International Energy Agency (IEA) said, Reuters reported. more

Nov 17, 2017 9:41 AM Drilling & Exploration

Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show U.S. crude inventories rising after this week’s gloomy global demand outlook from the International Energy Agency (IEA). more

Nov 15, 2017 9:44 AM Refining/Petrochemical

EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018. more

Nov 15, 2017 8:59 AM Refining/Petrochemical

The Brent oil price was steady at close to two-year highs on Monday, with support from Middle East tensions and record long bets by fund managers balanced by rising U.S. production. more

Nov 13, 2017 9:24 AM Refining/Petrochemical

Every week, BIC Magazine will publish the top five articles as a recap. Here are this week's top headlines for November 6-10, 2017. more

Nov 10, 2017 10:45 AM Refining/Petrochemical

Carl Icahn


Billionaire investor Carl Icahn has been subpoenaed by the U.S. Justice Department over his efforts to overhaul the U.S. biofuels program during his time as an unpaid adviser to President Donald Trump, his company said in a securities filing. more

Nov 10, 2017 8:59 AM Refining/Petrochemical

Covestro LLC announced that, effective Feb. 1, 2018, Jerry MacCleary, will assume new responsibilities as chief executive officer and chairman of the board of Covestro LLC. more

Nov 10, 2017 7:00 AM Refining/Petrochemical

U.S. refiners are setting up for the strongest end-of-year they’ve ever had, and it’s all thanks to Mexico. more

Nov 10, 2017 7:00 AM Refining/Petrochemical

China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia. more

Nov 9, 2017 9:28 AM Refining/Petrochemical

Oil eased slightly on Wednesday as Chinese crude imports fell to a one-year low, but losses were partly offset by investor caution over rising political tensions in the Middle East. more

Nov 8, 2017 12:11 PM Refining/Petrochemical

As equipment maintenance and preservation become top priority, many companies within the drilling industry have turned to temporary structures to accommodate their needs and ensure business continuity no matter the circumstance. more

Nov 7, 2017 1:35 PM Maintenance & Reliability

Global demand for OPEC’s crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members. more

Nov 7, 2017 10:16 AM Refining/Petrochemical

The U.S. is in place to be the most competitive global manufacturer of chemicals because of hydraulic fracturing and natural gas. more

Nov 6, 2017 11:12 AM Health, Safety & Environmental

While the world braces for the electric-vehicle revolution, Royal Dutch Shell is betting on growing appetite for asphalt and plastics to sustain its century-old oil refining business for the coming decades. more

Nov 6, 2017 9:53 AM Refining/Petrochemical

Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown, while markets continued to tighten. more

Nov 6, 2017 9:48 AM Refining/Petrochemical

The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40% of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea. more

Nov 3, 2017 7:00 AM Natural Gas

Global oil consumption is growing rapidly, helping account for the decline in reported inventories, the recent surge in prices and the shift in futures markets from contango to backwardation. more

Nov 3, 2017 7:00 AM Refining/Petrochemical

The settlement resolves allegations that ExxonMobil violated the Clean Air Act by failing to properly operate and monitor industrial flares at their petrochemical facilities, which resulted in excess emissions of harmful air pollution. more

Nov 2, 2017 2:46 PM Health, Safety & Environmental