Crude Processing

Nigeria's oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), is actively addressing challenges in implementing the Domestic Crude Oil Supply Obligation (DCSO) policy.

Chevron Mediterranean, in partnership with Leviathan natural gas field offshore Israel, has successfully initiated the flow of condensate from the field to the Ashdod oil refinery as of March 7.

PetroChina's Guangdong Petrochemical, located in southern Guangdong province, is poised to receive its inaugural cargo of Venezuelan Merey crude around March 23.

Argentina's Medanito crude has reached a three-month high, driven by rising demand from US West Coast refineries in preparation for the upcoming summer driving season.

Oman's recently inaugurated $9B Duqm Refinery, a joint venture between Oman's state energy firm OQ Group and Kuwait Petroleum International, is set to undergo feasibility studies for processing heavier crude grades by the year-end, according to CEO David Bird.

Recent mergers and acquisitions (M&A) in the shale business are exerting a profound impact on US refineries, introducing shifts in the competitive landscape and operational strategies within the industry.

German Economy Minister Robert Habeck recently conveyed Poland's commitment to ensuring a stable crude oil supply for the Schwedt refinery in the event of potential nationalization of Rosneft's German activities, including its majority stake.

Investor sentiment took a hit as bp's Whiting refinery, the largest in the US Midwest, suffered a sudden shutdown on Feb. 1 due to a site-wide electricity failure.

ExxonMobil's recent completion of the Baton Rouge Refinery Integrated Competitiveness (BRRIC) project, a $240MM initiative, reflects a calculated move to modernize the century-old Louisiana facility by prioritizing the processing of a diverse range of crude oils.

According to the latest news on Jan. 26, UK energy major Shell plans to transform its Wesseling refinery in Germany into a Group III base oil production unit.