Ludoil Energy signs agreement to acquire ISAB
Ludoil Capital has entered into a sale and purchase agreement with GOI Energy for the acquisition of the latter's stake in ISAB, the owner of the Priolo Gargallo refinery.
Refining
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Aster and Puraglobe sign MOU to bring re-refining technology to Asia
Aster and Puraglobe have signed an MOU to jointly explore the development of a re-refined base oil processing facility in Singapore – turning used motor oil into high-performance Group II/III/III+ base oils.
Ketjen partners with Imubit
Ketjen has announced a partnership with Imubit to offer refiners real-time, actionable catalyst intelligence for fluid catalytic cracking and hydroprocessing units.
OleumTech® launches Coriolis Flow Meters for high-accuracy mass flow measurement
OleumTech® has announced the launch of its Coriolis Flow Meter, engineered to deliver precise, repeatable measurement of mass flow, density, and temperature across a wide range of liquid and gas applications.
EIA: US sets record energy production in 2025
Total energy production in the US increased to a new record of 107 quadrillion British thermal units in 2025, a 3.4% increase from the previous record set in 2024, driven by record high production in natural gas, crude oil, NGPLs, and renewables.
Meghna PVC Ltd and Jotun partner for corrosion management
Meghna PVC Ltd has taken a decisive step to reinforce long-term steel integrity by adopting a structured, data-driven approach to proactively maintain its assets through a partnership with Jotun.
Rystad Energy: US-Iran deal would delay, not end, supply crisis
Even if a deal is struck, Rystad Energy cautions that the consequences for physical oil markets will be slower and more conditional than futures prices are currently pricing in.
More Refining news
PCS selected for CDU design of America First Refining project
Process Consulting Services, Inc. (PCS) has been selected to provide crude and vacuum unit designs for the newly announced America First Refining (AFR) Project in Brownsville, Texas, the first grass-roots refinery built in the US in over 50 years.
EIA: DOE released 17.5 million bbl from SPR since March
Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.
Wood Mackenzie: UAE exit rattles OPEC’s grip on the oil market
The UAE's withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organisation's 66-year history and increases the risk of oversupply weakening prices, according to Wood Mackenzie.
Clariant launches new propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.
Emerson and Aramco deploy AI Solution for higher refinery yield volume
Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.
UAE to leave OPEC
The UAE has announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.
Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets
Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.
EIA: Brent crude oil spot prices surge past futures price in April
The Dated Brent spot price increased to a premium of more than US$25/bbl compared with the front-month Brent futures contract in early April, the US EIA has reported.