Oil refinery news

On 23 October 2023, the US District Court of Delaware initiated a process that will see the sale of three refineries owned by Citgo parent company, PDV Holdings, the US subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA (PdVSA).

TOYO Engineering and Cosmo Energy have reached an agreement to initiate a joint study on the direct synthesis of carbon dioxide emitted from refineries and other facilities, into methanol.

KBC (A Yokogawa Company) has announced the launch of KBC Acuity™ Industrial Cloud Suite, which will serve as the new umbrella for cloud delivery of KBC’s software and solutions.

The US Energy Information Administration (EIA) reports that associated natural gas production increased 9% in 2022 due to higher crude oil production.

Nancy Yamaguchi, Contributing Editor, discusses why oil producers in the Middle East are aiming to recapture traditional strengths in the oil and gas industry before they look to move beyond fossil energy.

Wood has signed a collaboration agreement with OMV for the commercial licensing of its innovative plastic recycling technology, ReOil®.

Indian-based engineering firm, Megha Engineering and Infrastructures Limited (MEIL), has clinched a significant deal in Mongolia for the construction of a crude oil refinery plant.

Global oil demand will reach record levels in 2023, with demand expected to continue to grow each year and peak in 2035, according to Bloomberg Intelligence’s (BI) latest oil sector survey of energy-related investors.

Nuberg EPC has been awarded a propylene purification package (PPP) contract by Indian Oil Corp. Ltd. (IOCL).

Galp has reached final investment decision (FID) on two large scale projects to reduce the carbon footprint of the Sines refinery in Portugal.