Oil refinery news

The next major turnaround at Neste’s refinery in Porvoo, Finland, is scheduled for April - June 2024.

As Europe heads into its first winter after banning petroleum product imports from Russia, diesel imports from alternative trade partners look likely, reports the EIA.

Aramco has signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (GO).

IHRDC has unveiled a strategic initiative to assist oil and gas companies in preparing for the anticipated shift from fossil fuels to a sustainable, lower-carbon future by 2050.

Cosmo Oil Co., Ltd. and Yokogawa have joined forces to promote the digitalisation of operations at refineries owned by Cosmo Oil.

TotalEnergies has announced an agreement to divest the 36.36% minority stake, held by TotalEnergies Marketing South Africa, in National Petroleum Refiners of South Africa (Natref) to the Prax Group.

Japanese refiner, ENEOS, permanently closed a 120 000 bpd refinery in western Japan in mid-October, and Idemitsu Kosan plans to close a 120 000 bpd refinery in March 2024.

The EIA reports that on 20 November 2023, the regular gasoline retail price averaged US$3.29/gal across the US, 10% less than the same time in 2022.

Braya Renewable Fuels has announced the closing of two significant transactions that support the conversion of Braya’s refinery operations.

A new report by the Energy Transitions Commission (ETC) says that use of coal, oil and gas must be reduced dramatically by 2050, with reductions starting now.