Oil refinery news

The US Energy Information Administration (EIA) has reported that California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures.

Petrobras has announced that investments totalling approximately R$33 billion are planned for refining and petrochemical projects in Rio de Janeiro, Brazil.

Pampa Energía has submitted its application to build an oil and gas treatment plant at its Rincón de Aranda field, Argentina, with an investment of US$426 million.

According to the US EIA’s latest annual Refinery Capacity Report, US operable atmospheric distillation capacity totalled 18.4 million bpcd on 1 January 2025 – essentially flat compared with last year.

One year after implementing natural gas, Hydro Alunorte has reduced annual carbon dioxide emissions by 700 000 tpy.

The IEA’s latest Oil Market Report has demonstrated a structural shift in the industry, accelerating the need for automation and intelligent flow control at refineries to maintain profitability and operational resilience.

Argent Energy has achieved a sustainability milestone with the launch of a new water recycling system in Amsterdam, the Netherlands.

OMV Petrom’s Petrobrazi refinery has been safely restarted, after planned maintenance works.

Although global oil demand is expected to grow, the long-term outlook for many refineries is uncertain. Wood Mackenzie’s latest global refinery closure threat analysis reviews 420 sites worldwide, identifying those most at risk by 2035. Rising carbon cost, shifting demands and lack of petrochemical integration are key factors shaping future viability.

Petrobras has announced that it has started operations at a new diesel hydrotreatment unit at the Paulínia Refinery (Replan), in São Paulo, Brazil.