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Refining News

Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over the prospect of an oversupplied market next year remained in spite of OPEC’s message that it may cut crude output. more

Refining/Petrochemical

Petroteq Energy Inc. has begun delivering oil into its regional market. more

Refining/Petrochemical

BASF started production of methanol on the basis of renewable raw materials according to the biomass balance approach. more

Refining/Petrochemical

ONEOK plans NGL, gas system expansions, Williams Partners, Crestwood unveil Powder River Basin expansion, Freedom Oil & Gas commences drilling program in Eagle Ford Shale, Appalachia, Permian, Haynesville drive U.S. natural gas production more

Drilling & Exploration

Praxair, Inc., a wholly-owned subsidiary of Linde plc, reached an agreement with Phillips 66 to supply high-purity hydrogen to the company’s Sweeny Refinery located in Old Ocean, Texas, starting in early 2021. more

Refining/Petrochemical

Pemex

Anton Ivanov

The International Monetary Fund (IMF) on Thursday called for an improvement in Mexican state oil company Pemex’s financial position before it invests in building new refineries. more

Refining/Petrochemical

ir Products will build, own and operate two air separation units (ASUs) to provide oxygen and nitrogen to Eastman’s facility in Kingsport, Tennessee under new longterm agreements. more

Refining/Petrochemical

Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic, including its sales of fuel. more

Refining/Petrochemical

ExxonMobil said today that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. more

Downstream

Petrochemical and refining turnaround teams can significantly improve cost, schedule and management of their turnaround and capital projects if they turn to next evolution best practices. more

Refining/Petrochemical

As U.S. oil production rises - setting records in average daily output nearly every month this year - the companies that convert crude to diesel and gasoline are increasing their ability to consume more crude and generate higher profits. more

Refining/Petrochemical

The U.S. Energy Information Administration’s (EIA) latest analysis of planned refinery outages for the fourth quarter of 2018 finds that planned outages in the United States are not likely to cause a shortfall in the supply of petroleum products. more

Refining/Petrochemical

World Energy announced a $350 million investment over the next two years to complete the conversion of its Paramount, California facility into one of the cleanest fuel refineries in the world. more

Renewables

A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada’s efforts to become a significant exporter of the supercooled fuel. more

Refining/Petrochemical

Chevron Corp. held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA. more

Refining/Petrochemical

Exxon Mobil Corp has begun groundwork at a Texas refinery that would become the largest in the United States in advance of a final investment decision on the expansion. more

Downstream

Evonik Industries AG started up a precipitated silica plant for the tire industry in South Carolina. more

Downstream

The need for hydrogen in the refining industry has grown significantly as refinery feed-stocks have become heavier and sourer and fuel product specifications more stringent. more

Refining/Petrochemical

Refining company Phillips 66 was awarded a tender to supply Mexico’s Pemex with at least four 350,000-barrel cargoes of U.S. Bakken crude for November delivery. more

Refining/Petrochemical

Saudi Aramco

Reuters

Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh. more

Refining/Petrochemical

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