Oil refinery news

ENEOS has announced that it has entered into Share Purchase Agreements with various subsidiaries of Chevron to acquire 100% of Chevron’s downstream fuels and lubricants marketing businesses in Southeast Asia and Australia.

Ludoil Capital has entered into a sale and purchase agreement with GOI Energy for the acquisition of the latter's stake in ISAB, the owner of the Priolo Gargallo refinery.

Aster and Puraglobe have signed an MOU to jointly explore the development of a re-refined base oil processing facility in Singapore – turning used motor oil into high-performance Group II/III/III+ base oils.

Ketjen has announced a partnership with Imubit to offer refiners real-time, actionable catalyst intelligence for fluid catalytic cracking and hydroprocessing units.

Total energy production in the US increased to a new record of 107 quadrillion British thermal units in 2025, a 3.4% increase from the previous record set in 2024, driven by record high production in natural gas, crude oil, NGPLs, and renewables.

The US exported nearly 50 000 bpd of renewable diesel and other biofuels in 2H25, about 20% of the combined production for those fuels, the US EIA has reported.

Process Consulting Services, Inc. (PCS) has been selected to provide crude and vacuum unit designs for the newly announced America First Refining (AFR) Project in Brownsville, Texas, the first grass-roots refinery built in the US in over 50 years.

The UAE’s decision to exit OPEC+, effective 1 May, has drawn considerable attention from oil market participants, Rystad Energy reports.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.

Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.