Oil refinery news

Maire has announced that Kinetics Technology (the subsidiary part of the Integrated E&C Solutions Business Units operating in support of the Sustainable Technology Solutions Business Unit) has signed a binding agreement to acquire 100% of APS Evolution S.r.l, parent company controlling APS Designing Energy S.r.l. and KTI Poland S.A.

The EIA reports that average monthly prices for regular-grade retail gasoline in the US could increase by more than 10 cents per gal. if refinery output is lower than expected.

Integrated Global Services (IGS) has been recognised as a major contributor to the successful Ras Tanura Refinery (RTR) 2024 Mega Turnaround and Inspection (T&I) for Aramco.

TotalEnergies and SINOPEC have signed a strategic cooperation agreement to deepen their collaboration, notably in low-carbon energies.

Nienke Gerridzen, Yokogawa, explores how companies can maximise the impact of digitalisation in a VUCA world.

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%.