Recent mergers and acquisitions (M&A) in the shale business are exerting a profound impact on US refineries, introducing shifts in the competitive landscape and operational strategies within the industry.
February 25, 2024
German Economy Minister Robert Habeck recently conveyed Poland's commitment to ensuring a stable crude oil supply for the Schwedt refinery in the event of potential nationalization of Rosneft's German activities, including its majority stake.
February 17, 2024
Investor sentiment took a hit as bp's Whiting refinery, the largest in the US Midwest, suffered a sudden shutdown on Feb. 1 due to a site-wide electricity failure.
February 17, 2024
ExxonMobil's recent completion of the Baton Rouge Refinery Integrated Competitiveness (BRRIC) project, a $240MM initiative, reflects a calculated move to modernize the century-old Louisiana facility by prioritizing the processing of a diverse range of crude oils.
February 11, 2024
According to the latest news on Jan. 26, UK energy major Shell plans to transform its Wesseling refinery in Germany into a Group III base oil production unit.
January 27, 2024
In Dec., crude deliveries to GOI Energy's Priolo refinery complex in Sicily reached 185K b/d, showcasing a notable increase from November's 170K b/d, with an average of 195K b/d throughout 2023.
January 13, 2024
Commencing in the second week of Jan. 2024, Italian independent refiner API has initiated planned work at its Falconara refinery, an annual tradition lasting approximately a month.
January 13, 2024
The world’s No. 1 oil importer has significantly increased its crude oil import quotas for 2024, surprising the market by front-loading allocations to private refiners and traders.
January 07, 2024
In a bid to ensure a stable supply for local refining, Nigerian oil producers will be required to allocate 483K b/d to domestic refineries in the first half of 2024, as per newly introduced regulations.
January 06, 2024
Mexico's state-run oil company, Pemex, revealed its operational forecast for the Olmeca refinery (also known as Dos Bocas), projecting a processing capacity of 243K b/d during its inaugural year in 2024, with full capacity expected to be reached by 2025.
January 06, 2024
