Energy sector drives CCUS growth
GlobalData reports that the energy sector is driving CCUS growth, accounting for over 70% of projects by end-2024.
Refining
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Sulzer expands operations in Argentina with third facility opening
The expansion underlines Sulzer's global strategy of establishing full-service, in-region capabilities to meet the needs of its industrial customers.
PyroGenesis complete coke-oven gas valorisation for Tata Steel
PyroGenesis Inc. has announced that its subsidiary, Pyro Green-Gas Inc., has completed the US$9.3 million coke-oven gas valorisation and hydrogen production project for Tata Steel, India.
VRC Group wins BPCL Bina-1 tender
VRC Group has secured BPCL Bina-1 tender for construction works to the Bina Refinery, Sagar District, India.
EIA expects US hydrocarbon production to be supported by export growth
The US Energy Information Administration (EIA) expects that US hydrocarbon production is to be supported by export growth in long-term projections through 2030.
Refinery closures present risk for higher gasoline prices on the USA West Coast
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 to sell select businesses in the Netherlands to Catom
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.
More Refining news
EIA predicts oil prices to decrease despite market uncertainty
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.
EIA reports that imports made up lowest share of US energy supply in nearly 40 years
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 announces investments in refining and petrochemicals in Brazil
Petrobras has announced that investments totalling approximately R$33 billion are planned for refining and petrochemical projects in Rio de Janeiro, Brazil.
Pampa Energía set to build oil and gas treatment plant in Argentina
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.
EIA reports US refining capacity largely unchanged as of January 2025
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.
First joint crude oil shipment arrived as part of MVM-MOL Cooperation
The tanker delivered 92 000 t of Azeri Light crude oil from the Caspian region, having departed from the Ceyhan terminal in Türkiye.
Wood to design upgrades at Ecopetrol refinery for cleaner fuels production
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.
Hydro Alunorte sees massive reduction in carbon dioxide emissions
One year after implementing natural gas, Hydro Alunorte has reduced annual carbon dioxide emissions by 700 000 tpy.