IEA: permanent oil refinery closures accelerating
Permanent refining capacity closures expected for 2020 – 2021 have risen to about 1.7 million bpd, the IEA has said in its monthly report.
Browse the latest refining news and articles.
Permanent refining capacity closures expected for 2020 – 2021 have risen to about 1.7 million bpd, the IEA has said in its monthly report.
Shell will halve crude processing capacity and cut jobs at its Pulau Bukom oil refinery in Singapore.
As of 30 October, US refinery runs were 14 million bpd, or about 13% lower than the average for this time of year, according to the EIA Weekly Petroleum Status Report.
Demand destruction wrought by the impacts of COVID-19 is precipitating rapid rationalisation in the refining sector, reports IHS Markit.
Repsol has selected Axens Vegan® technology for its first production plant for advanced biofuels in Spain at its Cartagena refinery.
McDermott has secured the next phase of an ethane cracking project from China National Chemical Engineering & Construction Corp. Seven, Ltd.
Adam Peakes has joined Merichem as its new Executive Vice President and Chief Financial Officer (CFO).
Green Fuels and Aris Bioenergy are to create a biodiesel refining joint venture in India.
The API recently updated two standards that are integral to the operation, selection, and installation of pressure-relieving devices (PRDs) used throughout the natural gas and oil industry.
Royal Dutch Shell has announced that it is closing its refinery in Convent, Louisiana, US.
Neste has agreed to acquire Bunge Loders Croklaan's refinery plant located in Rotterdam, the Netherlands for a purchase price of €258 million.
The process integrates proven technologies to increase the affordability of greenfield projects for ‘blue’ hydrogen production from natural gas along with carbon capture, utilisation and storage (CCUS).