Refining

Petrobras has signed a 6 million bbl oil sales contract with the Indian state-owned refiner Hindustan Petroleum Corp. (HPCL ) on the 16 October 2025.

Ethiopian government officials have announced that the Gode Oil Refinery will be built in partnership with Golden Concord Group Ltd (GCL).

Repsol has launched its own intelligent agent construction platform, highlighting the use of agent-based artificial intelligence (AI) and multi-agent systems.

Cognite has announced that the Cognite Industrial AI and Data Platform, is now integrated with NVIDIA accelerated computing and software to unlock efficiency, intelligence, and innovation for asset-heavy industries.

Koch has announced collaboration with Sema4.ai, a provider of enterprise AI Agent solutions, to streamline operations, enhance productivity, and deliver mutual benefit across both organisations.

Worley has been awarded a contract from ExxonMobil for a major reconfiguration project of its integrated complex in Baytown, Texas, US.

Uganda’s oil refinery is scheduled to begin operations in the 4Q29 or the 1Q30, according to Michael Nkambo Mugerwa, General Manager of Uganda Refinery Holding Co.

The US EIA estimates crude oil inventories in China increased by about 900 000 bpd between January and August 2025, essentially acting as a source of demand by removing barrels from the global markets.

Aramco has advanced its strategic downstream expansion with the acquisition of an additional 22.5% stake in Petro Rabigh from Sumitomo for US$702 million (SAR 7 per share).

The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.

Integrated Global Services (IGS) has announced the expansion of its automated field welding services with the opening of a new operational hub in Radom, Poland.

Chart Industries Inc. has announced that its shareholders have voted to approve the company’s acquisition by Baker Hughes.

Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.

Dow and MEGlobal have finalised an agreement for Dow to supply an additional equivalent of 100 000 tpy of ethylene from its Gulf Coast operations, US.

The MultiPHLY hydrogen project has reached a milestone with the start-up of a multi-megawatt electrolyser at Neste’s refinery in Rotterdam, the Netherlands.