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Refining News

Royal Dutch Shell plc (Shell) today announced a target to maintain methane emissions intensity below 0.2% by 2025. This target covers all oil and gas assets for which Shell is the operator. more

Health, Safety & Environmental

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. more

Refining/Petrochemical

Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. more

Refining/Petrochemical

Oil prices steadied on Thursday but the market remained bullish after news of another fall in U.S. crude inventories and on signs that OPEC may not raise production enough to compensate for the loss of Iranian exports hit by U.S. sanctions. more

Refining/Petrochemical

BP Plc plans to shut the large crude distillation unit (CDU) this week at its 413,500 barrel per day (bpd) Whiting, Indiana, refinery to begin an overhaul. more

Refining/Petrochemical

China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude. more

Downstream

Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. more

Refining/Petrochemical

Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. more

Refining/Petrochemical

Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. more

Refining/Petrochemical

Ortloff will become part of Honeywell UOP’s Gas Processing and Hydrogen business, bringing the industry’s most advanced expertise in the recovery of high-value natural gas liquids (NGLs) from natural gas streams. more

M&A/Investment

Oxiteno commenced operations at its new manufacturing plant in Pasadena, Texas. more

Refining/Petrochemical

The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). more

Drilling & Exploration

Houston-based project management firm to lead development planning and execution more

Refining/Petrochemical

Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business. more

Refining/Petrochemical

ExxonMobil said that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in China. more

Downstream

Flint Hills Resources, Ingleside, Tex., plans to expand storage and outbound crude loading capacity at its storage terminal in Ingleside, Tex., to 380,000 b/d. more

Downstream

By the time he graduated from the University of Wisconsin with three degrees, Jim Hillier said he had thoroughly been bitten by the petrochemical and polymer bug. more

Refining/Petrochemical

The Economic Alliance Houston Port Region annual conference, the 2018 Gulf Coast Industry Forum, is expanding to two full days of keynote presentations, panel discussions and policy updates from national, state and local experts. more

Refining/Petrochemical

Petrotrin

Photographer: chris anderson

Trinidad and Tobago’s Oilfields Workers’ Trade Union (OWTU) on Thursday threatened a general strike if the island’s government does not rescind a decision to shut down the country’s lone oil refinery. more

Refining/Petrochemical

The ultimate goal of the initiative is to drive process safety incidents down to zero in the near future. more

Health, Safety & Environmental

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