The EIA forecasts that US refinery utilisation will reach as high as 95% on a monthly average basis this summer in response to high product prices and crack spreads for gasoline, distillate fuel oil, and jet fuel.
The EIA’s 2022 Annual Energy Outlook report projects growth in consumption of NGLs in the bulk chemicals industry.
ClearSign Technologies has received an initial engineering order from a large independent national refiner as the first phase of a project to retrofit two process heaters in one of the company's Californian refineries.
The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.
Kinder Morgan has announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California, US.
Phillips 66 and Phillips 66 Partners have entered into a definitive agreement for Phillips 66 to acquire all of the publicly held common units representing limited partner interests in the partnership not already owned by Phillips 66 and its affiliates.
Louisiana Governor John Bel Edwards and Air Products Chairman, President, and Chief Executive Officer Seifi Ghasemi have announced a US$4.5 billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition.
bp has announced plans for a US$269 million investment in three projects at its Cherry Point Refinery in Washington state, US.
Bently Nevada, a Baker Hughes business, and Saudi Basic Industries Corp. (SABIC) have announced a strategic framework alliance agreement for the supply of asset performance management services.