A Barrel Full

Whilst much of the refining world struggles with the consequences of refining sector over capacity, countries that should lack the funds are determined to add to the surplus.
First Nigeria
KBR announced today that it has been awarded a contract by Houston-based FPR Inc. to provide Design and Early Engineering Services for the development of the Araromi […]

I don’t look at petrochemicals very much, but this week’s combination was too interesting to miss.
Shell has completed its largest petrochemicals project.
Shell today announced the successful completion of the Shell Eastern Petrochemicals Complex (SEPC) project in Singapore. SEPC is Shell’s largest petrochemicals investment to date and the second world-scale petrochemicals project the company has completed […]

In the last few days there have been a number of significant news items concerning refinery projects in India. First up is HPCL
State-controlled Hindustan Petroleum Corporation Limited (HPCL) announced the halt of its plans to build a 300,000 barrel per day (bpd) project in the southern city of Visakhapatnam due to a lack of investment. […]

The deal has been talked about for a while, and it has finally been done.
Valero Energy Corporation announced today it has reached an agreement to sell the assets of its terminal operation and discontinued operations in Delaware City to the Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF […]

The major news in the refining space is an accident at Tesoro Anacortes Refinery
At approximately 12:30 a.m. Pacific time today, a fire occurred at the Tesoro Anacortes refinery. The incident was on a small section of the refinery following minor, routine maintenance. The fire was contained at around 2 a.m., has been extinguished and the […]

 am often searching for detailed information on oil refineries, and information on some country’s refineries are easier to find than others. Russia is one of the more difficult ones. Some companies have quite good disclosure, but others are a complete black box. So when I find a report like this one, I am very happy.I […]

This story really has to rank as one of the best examples of a complete lack of self awareness I have seen in the sector.
China Petroleum & Chemical Corp., Asia’s biggest refiner, announced its first acquisition of a foreign oil field stake and said it faced “challenges” in the oil-processing business as competitors expand capacity.
Lets […]

The impact on the European refining sector of some of the developments in the Middle East is a big uncertainty. What is certain is that there will be some kind of impact. New refineries are either in contruction or planned, and the European market is one of the focuses of these investments.
This week we have […]

The final quarter results form BP have been announced and they are being reported slightly differently.
From BP:
BP Delivers on Promises in “Very Good” 2009 as 4Q Profits Jump 70 per cent
BP today reported a sharp year-on-year increase in fourth quarter profits as it announced that its oil and gas production increased by more than four […]

This news is from about a week ago, but I found it interesting on a number of levels.
KBR announced today that it has signed a Collaboration Agreement with BP to promote, market, and execute licensing and engineering services for the slurry bed residue and coal upgrading Veba Combi Cracker (VCC) Technology.
The first reason why I […]