Refining

Nigerian firm, Epic Refinery Group, has signed an agreement with Chiron Refineries to construct a new refinery in Bayelsa State.

Lower fossil fuel prices, and in some cases, lower production, have led to lower severance tax receipts than were expected when revenue estimates were developed.

API President Jack Gerard called on the president to put consumers first and not disrupt America’s energy renaissance with unnecessary, costly regulations.

StocExpo 2016 will showcase the most original and innovative solutions within the bulk liquid sector.

Repsol has recently commissioned two compact triplex reciprocating plunger pumps at its La Pampilla Refinery in Peru.

API has announced the appointment of new Executive Directors at the Virginia Petroleum Council (VPC) and the South Carolina Petroleum Council (SCPC).

Tesoro Corporation has closed the previously announced acquisition of Great Northern Midstream LLC, a crude oil logistics provider.

ICA Fluor was authorised to proceed with the engineering, procurement and construction of the Madero Clean Diesel project at the Madero refinery, Mexico.

Wawa is to open its first CNG station in Paulsboro, NJ, in February 2016.

The plant is expected to be running at full capacity from the fiscal year 2017/2018.

Gasoline was the largest segment of the transportation fuel market globally, accounting for more than 40% of the global share in 2013.

Saudi Arabia has been successfully reducing its economic reliance on oil over the past decade.

The average fuel economy of new vehicles sold in the US in December was 24.9 mpg, reflecting the continuing drop in the price of gasoline.

US regular retail gasoline prices averaged US$2.43/gal. in 2015, the lowest annual average price since 2009.

Kuwait has experienced a chaotic week as oil prices rise and fall, settling on a record low of US$24.12/bbl.