Refining

Woodside and BHP have completed the merger of Woodside with BHP’s oil and gas portfolio to create a global energy company.

In a recent blog post, the AFPM listed four main drivers behind the rise in diesel prices: the cost of crude oil, global refining capacity losses, the Russia/Ukraine crisis, and inflation.

Worley has been awarded the early front-end engineering services for a carbon capture facility at the Phillips 66 Humber Refinery in the UK.

According to GlobalData, Asia is expected to witness the highest crude distillation unit (CDU) capacity additions globally, contributing approximately 47% of the total CDU capacity additions by 2026.

Pertamina and Air Liquide Indonesia have agreed to collaborate on the development of carbon capture and utilisation (CCU) technology at the Balikpapan Refinery Processing Unit in Indonesia.

The Phillips 66 Humber Refinery in the UK is on track to become the first refinery in the world to reduce its carbon dioxide emissions using a technology pioneered by Shell Catalysts & Technologies.

Sulzer has been forced to wind down its two entities in Poland following a decision on an interpretation of the Polish sanction regulations, which were recently unilaterally introduced by the country.

Emerson has contributed US$6 billion to AspenTech in exchange for a 55% stake in the company, and the companies have entered into an enhanced commercial partnership that will enable AspenTech to enter new and existing markets.

The IEA Oil Market Report includes data, forecasts and analysis on the global oil market, including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity.

Refiners and petrochemical manufacturers are consistently ranked in the top industries for safety out of more than 500 US manufacturing industries.

The companies have signed an MoU aimed at strengthening cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG in Thailand.

The EIA forecasts that US refinery utilisation will reach as high as 95% on a monthly average basis this summer in response to high product prices and crack spreads for gasoline, distillate fuel oil, and jet fuel.

Phillips 66 has made a Final Investment Decision (FID) to move forward with Rodeo Renewed, the project to convert its San Francisco refinery in Rodeo, California, US, into one of the world’s largest renewable fuels facilities.

ASME and Black & Veatch have announced the launch of a new joint venture, Twinify Technologies LLC, to provide digital twin solutions serving clients in asset-intensive industries.

The EIA forecasts that US crude oil production will average 11.9 million bpd in 2022, and 12.8 million bpd in 2023, which would surpass the record average production of 12.3 million bpd set in 2019.