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ExxonMobil to Proceed with New Crude Unit as Part of Beaumont Refinery Expansion
ExxonMobil said today that it has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The third crude unit within the facility’s existing footprint will expand light crude oil refining, supported by the increased crude oil production in the Permian Basin.

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Chevron Agrees with Petrobras to Buy Pasadena Refinery System for $350 Million
Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena Refining System, Inc., which includes the refinery in Texas, and PRSI Trading, LLC for $350 million, excluding working capital.

date.png31 Jan 2019 08:36 | comments.png 0 Comments | tags.png chevron petrobras refinery usa [ More ]

Union Cabinet clears Numaligarh Refinery Expansion Proposal Highest ever investment in North East India at Rs. 22,594 Crore
Giving a definitive push to its North East development agenda, the Union Cabinet today cleared the proposal for capacity expansion of Numaligarh Refinery from its existing 3 Million Metric Tonnes per annum (MMTPA) to 9 MMTPA at an estimated investment of Rs. 22,594 Crore, the highest so far in NE India. The project completion time would be 48 months from the zero date. In addition to capacity expansion, the project would also include a 9 MMTPA, 1,398 KM Crude oil pipeline from Paradip to Numaligarh and a 6 MMTPA, 654 KM Product pipeline from Numaligarh to Siliguri.

date.png22 Jan 2019 08:47 | comments.png 0 Comments | tags.png [ More ]

Full Fund Release of USD66.40 million for the H2GEN Project
The Board of Directors of Hengyuan Refining Company Berhad (“Company”) wishes to announce that it has approved the full fund release for the H2GEN Project (“H2GEN Project”) to be executed within its refining complex in Port Dickson.

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Fuling shale gas field output exceeds 20 billion cubic meters
The total output of shale gas in field of Fuling in Southwest China's Chongqing exceeded 20 billion cubic meters as of October 6. Its current daily output could coverage natural gas demand of 32 million residential households, relieving pressure on natural gas supply from central and eastern China.

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date.png11 Jan 2019 08:19 | comments.png 0 Comments | tags.png gazprom lng russia [ More ]

Husky Considering Sale of Non-Core Downstream Assets
Jan. 08, 2019 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today announced it will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery.

date.png09 Jan 2019 16:01 | comments.png 0 Comments | tags.png canada husky refinery [ More ]

Rosneft and Pertamina set up a Joint Venture for the development of Tuban Grass Root Refinery (TGRR) project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in Tuban in the East Java province of Indonesia.

date.png18 Dec 2017 14:53 | comments.png 0 Comments | tags.png asia indonesia pertamina refinery rosneft [ More ]
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