Oil refinery news

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.

Gabriel Buffin, Bijay Barik and Laurent Watripont, Axens, discuss how isomerisation can open up a world of opportunities for a more sustainable refining industry.

The US Energy Information Administration (EIA) expects global liquid fuels production to increase by 1 million bpd in 2024.

The Riograndense Petroleum Refinery (RPR) has accomplished a historic achievement by successfully processing 100% soybean oil in a fluid catalytic cracking (FCC) unit.

Gordon Cope, Contributing Editor, sheds light on the urgent need for European energy and petrochemical suppliers to adapt in the face of market upheaval.

Eni and Saipem have signed an agreement for the development of biorefining.