Refining & marketing
Global oil refining business sees an upturn
3 August 2011
The refining business has seen improved profitability since the start of the year – particularly in the US, where strong margins are supporting corporate restructurings
Petrobras keeps downstream faith despite trend
2 August 2011
Brazil’s Petrobras is ramping up its refining capacity, but the country’s prolific pre-salt upstream play corners the lion’s share of its huge investment programme
HSE probes fatal refinery blast
3 June 2011
THE UK’s Health and Safety Executive (HSE) this morning launched an investigation into last night’s fatal explosion at Chevron’s 220,000 barrel a day Pembroke refinery in southwest Wales.
European refining suits some as sales go ahead
18 April 2011
The gems among the 12 or so refineries for sale in Europe are being snapped up – but by new entrants
European refinery sales accelerate as Shell sells Stanlow
24 February 2011
Shell agreed to sell its Stanlow, UK, refinery to India's Essar last month – the latest in a wave of refinery sales, mostly by the majors, which is set to bring the largest upheaval in European downstream in over 50 years
PetroChina takes European refining foothold
28 January 2011
PETROCHINA is set to achieve its ambition of gaining a presence in European refining
Saudi Arabia's downstream development accelerates
28 January 2011
Saudi Aramco will make final investment decisions (FID) on $45bn-50bn of refining and petrochemicals projects this year, as the kingdom pushes downstream development in an effort to squeeze more value from its crude
Russian companies are eyeing up Polish refining assets
14 December 2010
RUSSIAN companies are eyeing up the latest refining assets on the block in Poland. They may have an easy run at the properties, too
Refining: short-term improvement, long-term problems
1 September 2010
Demand changes say the world needs fewer oil refineries, in different locations and making a different slate of products, Martin Quinlan writes
Global refinery construction survey
1 September 2010
THE VOLUME of new refining capacity under construction or reasonably firmly planned worldwide represents an increase of 10% on existing capacity, Petroleum Economist's latest annual construction survey finds
Testing times for refining margins
1 September 2010
MAJOR companies reported a lift in earnings in the second quarter of this year, in part because of improved refining margins
Lithuania: Poland considers selling refinery
1 September 2010
THE POLISH government may allow state-owned PKN Orlen to sell the Mazeikiai refinery as part of its strategy to revive the finances of the local unit that owns it, Orlen Lietuva
Chemicals sector sees improvement, but troubles remain
1 July 2010
There are signs of a recovery in the chemicals business, but the start-up of a large volume of new capacity will pin down operating rates for some years, Martin Quinlan writes
Egypt: New refinery closes in on $2.3bn debt package
2 June 2010
A GRASS-roots Egyptian refining project has accumulated $2.3bn in debt financing from a consortium led by Asian lenders
Refinery sales to re-shape UK business
2 June 2010
Four of the UK's remaining eight oil refineries are up for sale as the major companies rush for the exit, Martin Quinlan writes
Africa struggling to add essential oil refining capacity
4 May 2010
CNPC's decision to build a refinery in Chad is a rare piece of positive news in Africa's refining sector – and emphasises the region's reliance on Chinese investment, writes Ian Lewis
Rough times for US oil refiners
4 January 2010
If the US oil refining industry is a roller-coaster ride, it is on a dizzying downward plunge as demand drops and prices rise, writes Anne Feltus
Refinery plans reeling
1 September 2009
Battered by weak margins and surplus capacity, North America's refining sector is in more than just another periodic swoon
Stemming the loss of value-added business
1 September 2009
The Alberta government wants to buy 300,000 b/d of its own oil sands' bitumen to fuel a domestic upgrading and refining sector
Refining profits slump on adverse fundamentals
1 September 2009
The worldwide refining business is experiencing great difficulties – and some say there is no relief in sight, Martin Quinlan writes
Chemicals gloom as demand slumps
9 July 2009
The worldwide chemicals business had a rough ride in 2008 – but 2009 could prove to be worse, Martin Quinlan writes
Chemicals industry cycling down
9 July 2009
The chemicals business is well into a classic down-cycle with profitability falling fast, Martin Quinlan writes
ExxonMobil invests through the downturn for future efficiency
1 May 2009
ExxonMobil is investing in cogen power generation for its refining operations. The result is increased energy efficiency and reduced GHG emissions, writes Tom Nicholls