EIA expects decreasing refining capacity to slow the decline of US refining margins
The US Energy Information Administration (EIA) expects US refinery capacity to be 17.9 million bpd at the end of 2025, about 3% less than at the beginning of 2024.
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The American Petroleum Institute (API) has announced the publication of Addendum 1 to API RP 2001, 10th Edition, ‘Fire Protection in Refineries.’
Integrated Global Services Inc. (IGS) has announced the acquisition of the engineered coatings and materials business of Liquidmetal Industrial Solutions.
ProSep has announced a new contract for testing with a Poland-based multinational oil refiner.
Arab Petroleum Pipelines Company (SUMED) has signed a Term Sheet for handling, storing, and transferring crude oil feedstock and petroleum products with the Soukhna Refinery and Petrochemical Company (SRPC).
TotalEnergies has signed an agreement to sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company.
The UK and Scottish Governments have stepped up plans to support workers at Grangemouth refinery, with immediate investment in skills and training.
The US Energy Information Administration reports that global refinery margins, measured by the 3:2:1 crack spread, have been less than their five-year (2019 - 23) averages since the spring and dropped even more in the late summer and early fall.
Baker Hughes and Repsol have announced a new agreement to collaboratively develop and deploy next-generation artificial intelligence (AI) capabilities through the Leucipa™ automated field production solution.
Kinaxis® has announced a co-development deal with ExxonMobil to create supply chain technology solutions designed specifically for the energy sector.
