Keyword: refineries

News

U.S. Board Tells Chevron to Check Refineries for Damage

16.04.2013 - The U.S. Chemical Safety Board on Monday recommended that Chevron check for ongoing damage to pipes and equipment at its U.S. refineries to prevent another explosion like the Aug...

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Israel's Gas Bonanza Ushers Golden Era for Refiners

10.04.2013 - Natural gas flow from Israel's new giant offshore field is giving the country's two refineries a new lease of life, slashing their costs and ensuring supply security. Gas from the...

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Shell Puts Its Geelong Australia Refinery Up for Sale

04.04.2013 - Royal Dutch Shell put its Geelong oil refinery in Australia up for sale as mounting competition from Asia and reduced margins hammer the country's crude processors. The refinery...

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Sinopec Maoming Refinery to Use More Iran Oil in 2013

19.03.2013 - China's biggest refiner Sinopec Corp will process more Iranian crude at its second-largest plant in 2013 than in 2012, a Sinopec official said, but sees no problem finding...

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U.S. Shale May Force More European Refinery Closures

21.02.2013 - Europe's hard-pressed refining industry faces more closures as its competition in the United States enjoys the double bonus of growing domestic shale oil supply and cheaper...

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Marathon Petroleum Closes BP Texas City Refinery Deal

04.02.2013 - Marathon Petroleum on Friday closed its $2.4 billion acquisition of BP 's Texas City, Texas, refinery, both companies said. Marathon also said that the 451,000 barrels-per-day...

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Rosneft 2012 Net Profit Up 7% While Cash Flow Halved

01.02.2013 - Rosneft came in slightly below forecasts with a 7% rise in 2012 net profit on Friday while free cash flow halved ahead of its $55 billion takeover of TNK-BP, sending shares in...

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Exxon, Chevron Earnings Boosted by Refining Margins

01.02.2013 - Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil and Chevron, the two largest U.S. oil companies. A flood of oil produced from...