News
Firms to plan for storm shutdowns

Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year’s Hurricane Harvey, a report said.A year ago Harvey dumped more than 60 inches (1.5 metres) of rain on southeastern Texas, halting refineries that produce a quarter of US fuel and damaging infrastructure.Texas industry, including refineries and petrochemical plants, released an extra 8.3 million pounds (3.8...

Shell oil traders switch

Royal Dutch Shell’s oil traders in the Caribbean island of Barbados are getting ready for a tough...

India’s conditional nod to petcoke import

India allowed import of petcoke for use as feedstock in some industries, sending shares of cement...

Maersk set to spin off drilling, hand Total shares to investors

AP Moller-Maersk said it would spin off its offshore drilling operation and list it in Copenhagen...

Vopak to sell terminals

Dutch oil and chemical storage company Vopak said it would consider selling four European petroleum...

Mitsubishi to buy into Summit

Japan’s Mitsubishi Corp said it has agreed to acquire 25 per cent of Bangladesh’s Summit Liquefied...



Iraq protests impede West Qurna-2 output

Social unrest in Iraq has threatened to disrupt operations at one of the country’s biggest producing oil fields, with Baghdad turning to its Gulf neighbours to help provide power supplies and defuse the ongoing crisis linked to poor public services, high unemployment and soaring temperatures, sources say.Political paralysis and mounting anger have gripped Opec’s second-largest oil producer since elections in May, with power outages and a lack of clean drinking water triggering demonstrations in...

In Brief

Yasref shuts gasoline-making unitSINGAPORE: Saudi Arabia’s Yanbu Aramco Sinopec Refining (Yasref...




Tags