Oil refinery news

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.

After the war in the Middle East began, fuel prices at the pump surged in some countries and barely moved in others. The IEA offers commentary.

The US Energy Information Administration published its July Short-Term Energy Outlook (STEO), increasing its expectations for global oil production.

Axens has announced the strengthening of its collaboration with Egyptian Refining Company through the signing of a long-term agreement aimed at maximising asset value and supporting ERC’s evolving needs.

Supporting both decarbonisation strategies and supply security, biofuel demand is increasing, but feedstock availability threatens to cap growth, reported GlobalData.

AMETEK Process Instruments has expanded its 993X series of gas analysers – including both 993X and 9933 models - with new explosion proof (Ex d) enclosures certified for ATEX and IECEx Zone 1 hazardous locations.

Worley has been awarded, as part of a pool of 11 contractors, a long-term agreement by Aramco to support projects within the Kingdom of Saudi Arabia across the energy and chemical sectors.

KBR's ROSE® technology has been successfully commissioned by HPCL Visakh refinery at its new residue upgradation facility (RUF) in India.

Neste will conduct an approximately nine week maintenance turnaround at its Porvoo refinery between August and October 2026, Finland.

US operable atmospheric distillation capacity totalled 18.2 million b/cd on 1 January 2026 – down over 250 000 b/cd (about 1%) compared with 1 January 2025 – according to the EIA's latest annual Refinery Capacity Report.