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Global downstream news update: 5th March 2014

Hydrocarbon Engineering,


Canada

WorleyParsons has obtained a US$ 132 million contract to provide engineering and procurement services to the North West Redwater bitumen refinery project in Sturgeon County.

WorleyParsons will commence work on the project immediately, providing its services via offices in Edmonton, Toronto and Mumbai.

USA

The decision for BP to divest two US refineries on the US Gulf Coast and West Coast was made due to a company strategy to prioritise very close proximity to crude feedstocks, according to a downstream company executive.

J. Douglas Sparkman, president of BP America’s fuels value chain business for the East of the Rockies region, said the divestments were made because BP believes being close to feedstocks is a competitive advantage in the long term.

California

Members of the Los Angeles Community Environmental Enforcement Network (LACEEN) have installed rooftop devices to monitor air quality in Wilmington, near the Phillips 66 refinery.

Japan

Cosmo Oil Co. intends to cut the amount of crude that its refines in march by 7% due to slowing domestic demand.

The company plans to refine 440 000 bpd this month, down from an earlier plan of 475 000 bpd. The company said that it will try hard to export gas oil to offset domestic demand.

The company also indicated that it refined 437 000 bpd in February, lower than its previous plan of 444 000 bpd.

Taiwan

Two employees at Formosa Petrochemical Corp’s naphtha cracker complex in Yunlin County’s Mailiao Township suffered minor burns after a hydrogen leak at the second oil refinery caused a fire.

The fire broke out at approximately 2pm yesterday after hydrogen and steam began leaking from the flanges of the flow meter in the plant’s No. 2 residue desulfuriser (RDS) unit.

The fire was extinguished by 2.30pm, but the company is still trying to determine what caused the leakage.

Edited from various sources by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/06032014/downstream_news_242/


 

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