Oil refinery news

The EIA reports that China, the world’s largest importer of crude oil, imported 11.3 million bpd of crude oil in 2023, 10% more than in 2022, according to China customs data.

BASF, SABIC, and Linde have inaugurated the world’s first demonstration plant for large-scale electrically heated steam cracking furnaces.

Rhône Energies has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette de Vienne terminals from Esso.

The EIA reports that US manufacturers specialising in chemicals and petroleum refining have traditionally accounted for the largest shares of both hydrogen consumption and production.

The EIA reports that since early January 2024, US refinery utilisation has decreased 11%.

Rolando Gabarron and Michelle Wicmandy, KBC – A Yokogawa Company, explain how advanced digital technologies and cloud solutions streamline oil operations.

Axens’ hydrocracking unit, distillates hydrocracking unit and naphtha hydrotreating unit were successfully started at Shenghong Refining & Chemical complex.

Aker Solutions has been awarded a contract by Equinor to carry out a feasibility study for its Mongstad Industrial Transformation project in Norway.

Spot petroleum product prices at the Chicago trading hub are increasing after an unplanned outage of BP’s refinery in Whiting, Indiana, US, on 1 February 2024.

Nancy Yamaguchi, Contributing Editor, discusses Australia’s retreat from refining and the consequent impact on regional oil trade.