Refining

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.

Topsoe has been selected as technology provider by Sandpiper Chemicals LLC, for its new blue methanol plant in Texas City, Texas, US.

The value of all energy trade between the US and Mexico was estimated to be US$57 billion in 2024, down from nearly US$72 billion in 2023, according to data from the US Census Bureau, the US EIA has reported.

Phillips 66 has provided an update on its progress toward idling operations at its Los Angeles refinery, US, in furtherance of the company’s efforts to redevelop these real estate sites.

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

Cerilon has announced the signing of a binding offtake agreement with Pembina for naphtha from its gas-to-liquids (GTL) project under development in Williams County, North Dakota, US.

thyssenkrupp Uhde has commissioned the start-up of a hydrogen recovery unit (HRU) at the Fertil plant in Ruwais, UAE, owned by Fertiglobe.