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Refining News

Shell has signed an agreement to sell its downstream business in Argentina to Raízen for $0.95 billion in cash. more

M&A/Investment

Oil rose above $75 a barrel on Tuesday to its highest since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. more

Refining/Petrochemical

The Sunshine project will be built in two phases and produce ethylene, propylene, ethylene glycol and associated polymers. more

Downstream

As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. more

Refining/Petrochemical

U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted. more

Refining/Petrochemical

Rapidly growing U.S. ethylene production and investment in new derivative capacity has increased the number of ports exporting plastics and opened new markets for U.S. producers, ClipperData told Petrochemical Update. more

Chemical Processing

Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. more

Refining/Petrochemical

CB&I announced it has achieved three significant project milestones at its Lotte Chemical (LACC) Ethane Cracker Project in Lake Charles, Louisiana. more

Refining/Petrochemical

AFPM President and CEO Chet Thompson testified before the U.S. House Energy and Commerce Subcommittee on the Environment involving the challenges and opportunities of high octane fuels and high-efficiency vehicles. more

Refining/Petrochemical

Fluor Corporation announced that it was selected by a division of Marathon Petroleum Corporation (MPC) to execute the engineering and procurement scope for MPC’s South Texas Asset Repositioning (STAR) program at its Galveston Bay refinery. more

Downstream

U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. more

Refining/Petrochemical

Praxair, Inc. has begun supplying hydrogen to Marathon Petroleum Corporation’s refinery in Garyville, Louisiana. more

Refining/Petrochemical

U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. more

Refining/Petrochemical

Joint refinery-petrochemical complex investment a significant milestone for India and Saudi Aramco more

Downstream

Meridian Energy Group, Inc. announced that it has signed a letter of intent (“LOI”) with a specialty engineering, procurement, and construction (“EPC”) solutions provider. more

Engineering, Procurement & Construction

BP published a new report setting out its commitment to a low carbon future and to helping meet the dual challenge of providing the increasing energy the world demands while at the same time working to reduce greenhouse gas emissions. more

Refining/Petrochemical

Global energy giants Chevron Corp. and Exxon Mobil have asked U.S. regulators for exemptions to the nation’s biofuels policy that have historically been reserved for small companies in financial distress, according to sources familiar with the matter more

Refining/Petrochemical

Royal Dutch Shell plc published a report outlining how its strategy should enable it to thrive as the world transitions to lower-carbon energy. The report describes its understanding of the transition and what it mean to the company more

Renewables

Praxair, Inc. commenced supply operations of hydrogen and nitrogen to Yara Freeport LLC. more

Chemical Processing

Analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.4 million tonnes per year (mtpa) during 2018 to 2022. more

Refining/Petrochemical

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