Refining

Vertex Energy has announced that it has formally named BofA Securities, Inc. (BofA) as Vertex’s strategic financial advisor to assist with the company's renewable fuels and sustainable products growth strategy.

Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).

Celeros Flow Technology has finalised the sale of its filtration business unit to London headquartered private equity firm, PX3 Partners (PX3).

Shankhamala Kundu, Luis Bougrat and Gary Cheng outline how MIDAS Pro technology is helping to extend Grace’s leadership in iron-tolerant FCC catalytic solutions.

Samsung Engineering has announced that its ADNOC Crude Flexibility (CF) Project has received a 100% HSE Award at ADNOC’s 7th annual Business Partnership Forum at ADIPEC 2023.

Lummus Technology has announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd for a new polypropylene plant in Ningbo, China.

According to DNV’s latest ‘Energy Transition Outlook’, renewables are still not replacing fossil fuels in the global energy mix.

The EIA reports that publicly traded US oil companies increased investing activities and crude oil production in 2Q23.

Wood has signed a collaboration agreement with OMV for the commercial licensing of its innovative plastic recycling technology, ReOil®.

Indian-based engineering firm, Megha Engineering and Infrastructures Limited (MEIL), has clinched a significant deal in Mongolia for the construction of a crude oil refinery plant.

Global oil demand will reach record levels in 2023, with demand expected to continue to grow each year and peak in 2035, according to Bloomberg Intelligence’s (BI) latest oil sector survey of energy-related investors.

Delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG.

Kuwait’s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data from the EIA's Country Analysis Brief: Kuwait.

KBC (A Yokogawa Company) has announced the launch of Petro-SIM® 7.4 simulation software for the oil and gas, renewables, and process industries.

Galp has reached final investment decision (FID) on two large scale projects to reduce the carbon footprint of the Sines refinery in Portugal.