Refining

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.

Nexus Controls has expanded its Nexus OnCore Control System portfolio with the launch of the Nexus OnCore Compact Control System – a digital solution for operational optimisation.

CSNRI has expanded the manufacturing capacity of its ThermoWrap family of composite repair solutions used in refineries, chemical and petrochemical facilities, tanks and terminals, to repair leaks and restore the integrity of critical assets.

Tecam has been awarded a new key technology project for a major refinery in Eastern Europe.

Burckhardt Compression will supply compressors for renewable diesel production at Preem’s refinery in Lysekil, Sweden.

The first issue of our new publication, Global Hydrogen Review, is out now!

AspenTech, a leader in asset optimisation software, has expanded its 12-year partnership with St1 Refinery AB in Gothenburg, Sweden – part of St1 Nordic Oy Group.

BP intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating its commitment to the UK, and helping the country to deliver on its ambitions to boost energy security and reach net zero.

Notably, KT-Kinetics Technology has been awarded an EPC contract by Eni to implement two hydrogen production lines for the Venice Refinery in Porto Marghera, Italy.