A reset for Europe's refineries
Rob Sumpter, KBR, UK, explores how European refineries can maximise oil and gas assets through master planning amid economic pressure and decline.
Refining
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Wood Mackenzie reveals five corporate oil and gas themes to look out for in 2026
Oil and gas companies face heightened capital allocation pressure in 2026, according to Wood Mackenzie's latest corporate outlook.
Valmet to acquire Severn Group
Severn Group has announced that it has been acquired for US$480 million dollars by Valmet.
UPM achieves milestone at Leuna biorefinery
UPM has announced the production and commercialisation of industrial sugars at its Leuna biorefinery in Germany for commercial, wood-based chemicals.
B&W secures $40 million contract for WGS technology
Babcock & Wilcox has announced that it has been awarded a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.
Kelton secures two new contracts
Kelton has announced two new contracts in the Middle East, totalling over US$1.3 million for an initial scope of work.
ExxonMobil, Aramco, and Samref to upgrade Samref refinery
ExxonMobil, Aramco, and Samref have signed an agreement to evaluate a significant upgrade of the Samref refinery, in Yanbu, Saudi Arabia, and an expansion of the facility into an integrated petrochemical complex.
More Refining news
EIA: December STEO
The US Energy Information Administration has released the December Short-Term Energy Outlook.
Aster expands Bukom refinery capacity
Aster is set to expand capacity at the Bukom refinery, Singapore, with US$155 million rejuvenation drive for growth and supply resiliency with key projects planned.
API urges US policymakers to advance legislation for stable, efficient fuels marketplace
The API has joined organisations representing ethanol producers, oil refiners, fuel marketers, travel plazas, truck stops, and convenience store retailers to express the need for long-term policy certainty across the fuel sector.
Idemitsu Kosan to supply biofuels to shipping industry
Idemitsu Kosan Co. Ltd has partnered with Kanematsu Corp. to become the first Japanese oil refiner to begin supplying bio-blended fuel, a blend of heavy oil and FAME, to ocean-going vessels.
ITT to acquire SPX FLOW
ITT Inc., a provider of highly engineered critical components, has announced it has entered into a definitive agreement with Lone Star Funds to acquire SPX FLOW, a provider of highly engineered equipment and process technologies.
DataPARC and Hitachi Systems announce strategic partnership
DataPARC has announced a strategic partnership with Hitachi Systems to integrate dataPARC’s industrial data platform into Hitachi’s suite of digital manufacturing solutions.
US retail gasoline prices fall below US$3/gal.
US retail prices have fallen below US$3/gal., the lowest price since 2021, the US Energy Information Administration has reported.
AFPM: revised fuel economy standards would put CAFE back on solid legal footing
AFPM President and CEO Chet Thompson has issued a statement on the Trump administration’s proposed revised 2027 - 2031 Corporate Average Fuel Economy (CAFE) Standards.