The US Energy Information Administration (EIA) has reported that California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures.
bp has reached an agreement to sell its mobility and convenience and bp pulse businesses in the Netherlands to Catom, part of bp’s previously announced divestment programme.
The US Energy Information Administration (EIA) expects that Brent crude oil price will average less than US$70/bbl in 2025 and approximately US$58/bbl in 2026.
In 2024, the US imported about 17% of its domestic energy supply, half of the record share set in 2006 and the lowest share since 1985, according to the EIA’s Monthly Energy Review.
Petrobras has announced that investments totalling approximately R$33 billion are planned for refining and petrochemical projects in Rio de Janeiro, Brazil.
Pampa Energía has submitted its application to build an oil and gas treatment plant at its Rincón de Aranda field, Argentina, with an investment of US$426 million.
According to the US EIA’s latest annual Refinery Capacity Report, US operable atmospheric distillation capacity totalled 18.4 million bpcd on 1 January 2025 – essentially flat compared with last year.
The tanker delivered 92 000 t of Azeri Light crude oil from the Caspian region, having departed from the Ceyhan terminal in Türkiye.
The project, known as Línea Base de Calidad de Combustibles (LBCC), or Clean Fuels, aims to improve fuel quality and environmental performance at the facility.
One year after implementing natural gas, Hydro Alunorte has reduced annual carbon dioxide emissions by 700 000 tpy.
The IEA’s latest Oil Market Report has demonstrated a structural shift in the industry, accelerating the need for automation and intelligent flow control at refineries to maintain profitability and operational resilience.
Ebara Elliott Energy (EEE) has started construction on a new, state-of-the-art service centre in Abu Dhabi.
OMV Petrom’s Petrobrazi refinery has been safely restarted, after planned maintenance works.
Petrobras has announced that it has started operations at a new diesel hydrotreatment unit at the Paulínia Refinery (Replan), in São Paulo, Brazil.
AFPM's blog post covers how the refining and petrochemical industry are adapting to prepare for the upcoming hurricane season.