Refining

The heat transfer fluid market size is estimated to grow from US$1.80 billion in 2015 to US$2.87 billion by 2021.

Holly Energy has announced its successful acquisition of crude oil tankage assets from HollyFrontier.

Energy Transfer Partners and Sunoco have completed the dropdown of the remaining interest in Sunoco, LLC and 100% interest in Sunoco Retail LLC.

KBR, Inc. has been awarded a contract for the revamp of a Chinese fluid catalytic cracker (FCC) unit with MAXOFIN technology.

Dorf Ketal has announced plans to expand further into the global fuel additives market.

HTRI has received an ISO 17025 accreditation for its liquid-to-liquid heat exchanger testing by A2LA.

The lead scientist from Water Defense, Scott Smith, has developed a new wastewater filtration technology, Aquaflex.

BP and KPC will explore possible joint opportunities for cooperation in future oil, gas, trading and petrochemicals ventures.

Auterra’s new oil upgrading technology will eliminate the need for diluent in bitumen transportation.

US primary energy consumption totalled 98 quadrillion Btu in 2015, a 1% decrease compared with 2014.

The inaugural US Energy and Employment Report (USEER) provides a broad view of the national current energy employment landscape.

A worldwide glut of crude oil, partially fuelled by the US shale revolution, has thrown the market off balance causing prices to plummet to historic lows.

Hastings Equity Partners has announced its fifth Fund III platform investment in Cactus Fuel, LLC.

Total US petroleum product exports continued to increase in 2015, up 467 000 bpd from 2014 to 4.3 million bpd.

Over the next three years, industry bosses expect a significant increase in the demand for skills.