Industry News

On Wednesday, President Joe Biden unveiled a $2 trillion package labeled the "American Jobs Plan" that is aimed at creating millions of good jobs, rebuilding our country’s infrastructure, and positioning the United States to out-compete China.

After thorough planning work, Neste's Porvoo refinery is preparing to execute a major 12-week turnaround starting in April.

U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to a report from the Oil Price Information Service by IHS Markit.

According to the EIA, China processed more crude oil than the United States in 2020, not only because of COVID-19 pandemic-related restrictions, but also because of differences in the longer-term structural refining trends between the two countries.

Niger's Soraz refinery was shut down on Friday after a failure occurred in the 20,000 bpd facility's catalytic cracking unit.

Indonesia’s state oil company Pertamina said on Monday that it was trying to control a massive fire at its Balongan oil refinery in West Java and that five people had been injured and about 950 people evacuated because of the blaze.

Chevron Corp has emerged as a leading contender to buy the Royal Dutch Shell Plc 145,000 bpd Puget Sound refinery in Anacortes, Washington, three people familiar with the matter said on Friday.

Petrobras has announced that the company's Board of Directors has approved the sale of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, to Mubadala Capital for US$ 1.65 billion.

BASF, SABIC and Linde have signed a joint agreement to develop and demonstrate solutions for electrically heated steam cracker furnaces. The partners have already jointly worked on concepts to use renewable electricity instead of the fossil fuel gas.

U.S. liquefied natural gas (LNG) developer Annova LNG said on Monday that it has stopped development of its proposed LNG export plant in Brownsville in Texas.

The OmniScan™ X3 64 phased array and TFM flaw detector is equipped with enhanced phased capabilities and even faster TFM. The rugged and portable instrument features powerful 64-element probes with a 128-aperture TFM.

Pinnacle introduces an improved approach to reliability modeling, called Quantitative Reliability Optimization (QRO). This new approach streamlines current reliability methodologies into a single, comprehensive analysis.

From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Pipeline Project...

Based on today’s policy settings, global oil demand is set to rise every year through 2026, IEA report says, but stronger policies and behavior changes could bring a peak in demand soon.

MOL Group has started biofuel production at its Danube Refinery, delivering on its recently updated strategy “SHAPE TOMORROW” MOL Group 2030+ Strategy.

After a thorough study phase concerning the two possible locations, Neste has selected Rotterdam for its new world scale renewable products refinery.