Refining

The refining environment in the second quarter of 2016 remained challenging as crack spreads were pressured by high product inventories.

Victory Energy has announced the completion of its 35 000 sq. ft. plant in Collinsville, Oklahoma.

The Coffeyville and Wynnewood refineries posted a combined crude throughput of 202 536 bpd, which fell within the range of the company’s outlook.

Clariant has released its results, detailing the delivery of significantly improved operating cash flow and a higher profitability in the first half of 2016.

CB&I reported net income of US$123.8 million, or US$1.17 per diluted share, for the second quarter of 2016.

Hunt Valve has released an infographic highlighting three ways to minimise high pressure water valve leakage.

Shell Midstream Partners, L.P. recently announced that it has agreed to acquire a 2.62% equity interest in Explorer Pipeline Company.

Honeywell Process Solutions has announced that more than 130 Experion Orion Consoles are now installed at facilities worldwide.

During the next five years, more expansion of refining capacity in the Middle East will continue to realign global petroleum product markets.

RusTechnip has announced it has been awarded a service contract in Russia worth up to €100 million.

Total captured the benefit of the recovery in oil prices since the start of the year, and adjusted net income rose to US$2.2 billion in the second quarter of 2016.

Anadarko Petroleum Corp. has announced its financial and operating results for 2Q16, including a net loss attributable to common stockholders of US$692 million.

A total of 43 crude and natural gas projects are expected to start operations in Sub-Saharan Africa by 2025, of which 31 are crude and 12 are natural gas.

In 2Q16, BASF saw a slight improvement in the macroeconomic environment, underlined by the recent increase in oil price and pickup in demand.

ExxonMobil has announced plans to increase production of ultra low sulfur fuels at its Beaumont refinery by approximately 40 000 bpd.