Oil refinery news

AFPM President and CEO Chet Thompson sent a letter to EPA Administrator Lee Zeldin to urge EPA to avoid a repeat of 2025’s 11th hour emergency RVP waivers for summer gasoline sold in the Midwest.

Eni has announced the final investment decision has been approved for Eni's plan to convert certain units of the Sannazzaro de’ Burgondi refinery in Lombardy, Italy, into a biorefinery.

Wood Mackenzie analysis reveals 30 of the world's largest oil and gas companies face a combined 22 million boe/d production shortfall by 2040 to maintain their market share of oil and gas demand.

Samsung C&T and Axens have signed a memorandum of understanding to collaborate on the deployment of carbon capture, utilisation, and storage projects.

Honeywell has announced that it has entered into an amended agreement to acquire Johnson Matthey's Catalyst Technologies business segment, which adjusts the total consideration from £1.8 billion to £1.325 billion and extends the long stop date to 21 July 2026.

Aramco and Microsoft have signed a non-binding MoU to help Aramco explore digital initiatives designed to accelerate industrial AI adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia.

ABB has announced the launch of its first fully integrated gas analyser package for carbon capture, utilisation, and storage applications for the decarbonisation of hard-to-abate industries.

KBR and Petro Rabigh have announced a strategic 10 year general maintenance services contract covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia.

Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.

US exports of refined petroleum products have increased steadily over 2025, with exports totalling 6.3 million bpd in January 2026, about 10% more than in January 2025 and near record highs, according to data from Vortexa.