Refining

This acquisition aligns with Fives' strategy to develop digital tools for a more efficient and sustainable industry.

As part of the drive to decarbonise its European refineries, TotalEnergies is launching a call for tenders for the supply of 500 000 tpy of green hydrogen.

Evonik Industries has completed the relocation and expansion of its precious metal powder catalyst plant in Shanghai Chemical Industrial Park (SCIP).

The US Energy Information Administration (EIA) expects global oil inventories to decline by almost a half million bpd in 2H23.

While the oil markets have been volatile, Northwest European diesel and gasoline margins have increased to a high level during Q323, improving the total refining margin outlook for Neste’s oil products.

Production cuts among OPEC+ members are limiting availability of medium and heavy sour grades of crude oil and contributing to higher relative prices for these grades, reversing typical price relationships.

AVEVA has been recognised as ‘Digital Partner of the Year’ at the 4th Edition of Downstream India Excellence Awards 2023 in New Delhi.

Tellurian Inc. and Baker Hughes have announced an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.

Hytera Communications, a provider of professional communications technologies and solutions, has won the bid for Sinopec Group’s industrial two-way radio equipment procurement.

Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about 50% of the total global capacity additions by 2027, reports GlobalData.

The Downstream Fuel Distribution Forum (DFDF), formerly known as the Downstream Oil Distribution Forum, has announced a rebrand to reflect the evolution of the downstream fuel sector in the UK.

Unplanned refinery outages and lower gasoline production capacity are increasing the costs of producing summer-grade gasoline in the US.

In 1H23, natural gas spot prices at Texas hubs traded closer to the US benchmark, Henry Hub, than in the second half of 2H22.

The EIA has reported that refiners in China processed and imported record volumes of crude oil in 1H23, sourcing much of the additional crude oil runs from Russia, Iran, Brazil, and the US.

US natural gas pipeline exports to Mexico set a new record in June 2023, surpassing the previous record set in June 2021.