Browse the latest oil refinery news news and articles.
According to a new report by the IEF and S&P Global, global oil refining capacity dropped for the first time in 20 years in 2020 and again in 2021, exacerbating tight markets and volatile prices for fuels such as gasoline and diesel.
Petrobras has restarted the sale processes of the Abreu e Lima refinery, Presidente Getúlio Refinery Vargas, and Alberto Pasqualini refinery, all located in Brazil.
Numaligarh Refinery Ltd. is expanding its refining capacity from its current 3 million tpy to 9 million by installing a new 6 million tpy capacity Crude Oil Distillation Unit / Vacuum Distillation Unit and associated downstream process units as part of the NREP.
The furnace has been commissioned by Essar Oil UK as it transitions to run its operations on hydrogen as part of HyNet, the UK’s leading decarbonisation cluster and will be the UK’s first refinery-based hydrogen-powered furnace.
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.
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.
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.
Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.
Petroperú, a hydrocarbon producer, refiner and distributor in Peru, has implemented Honeywell Forge Workforce Competency solutions to train its industrial workforce for safer and more efficient operations.
The agreement, which was signed in October 2021, has now been approved by regulatory authorities.