Oil refinery news
The digital factory
Nienke Gerridzen, Yokogawa, explores how companies can maximise the impact of digitalisation in a VUCA world.
EIA: China imported record amounts of crude oil in 2023
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 celebrate start-up of electrically heated steam cracking furnace
BASF, SABIC, and Linde have inaugurated the world’s first demonstration plant for large-scale electrically heated steam cracking furnaces.
Rhône Energies enters negotiations for acquisition of Esso Fos-sur-Mer refinery
Rhône Energies has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette de Vienne terminals from Esso.
US refiners and chemical manufacturers lead hydrogen production and consumption
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.
EIA: reduced refinery activity puts upward pressure on gasoline and diesel prices
The EIA reports that since early January 2024, US refinery utilisation has decreased 11%.
KBC paves the way for a sustainable future
Rolando Gabarron and Michelle Wicmandy, KBC – A Yokogawa Company, explain how advanced digital technologies and cloud solutions streamline oil operations.
Successful startup of Axens’ residue hydrocracking unit and high conversion hydrocracking unit at Shenghong’s integrated refinery
Axens’ hydrocracking unit, distillates hydrocracking unit and naphtha hydrotreating unit were successfully started at Shenghong Refining & Chemical complex.
Aker Solutions to support the industrial transformation of Mongstad
Aker Solutions has been awarded a contract by Equinor to carry out a feasibility study for its Mongstad Industrial Transformation project in Norway.
EIA: Midwest refinery outage is affecting petroleum product markets
Spot petroleum product prices at the Chicago trading hub are increasing after an unplanned outage of BP’s refinery in Whiting, Indiana, US, on 1 February 2024.