Page 2 - Oil Refineries
Explained: Amid price hike, why is there a worldwide oil-refining crunch?
Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only modestly
 "Explained: Amid price hike, why is there a worldwide oil-refining crunch?")
Australian refiners cease purchase of Russian crude oil to support Ukraine
Viva Energy joins a spate of companies limiting, putting on hold, or exiting business activities in Russia.
 "Australian refiners cease purchase of Russian crude oil to support Ukraine")
Panama Petrochem surges 25% in two days as Ramesh Damani buys 1% stake
In the past two trading days, the stock of the refineries/petro products company has surged 25 per cent, after investor Ramesh Damani bought over 1 per cent stake in the company.
 "Panama Petrochem surges 25% in two days as Ramesh Damani buys 1% stake")
India refiners' November crude processing at near 2-year high
Refiners processed 5.25 million barrels per day (21.48 million tonnes) last month, up 5.9% from 4.96 million bpd in October
 "India refiners' November crude processing at near 2-year high")
Kuwait extends oil supply deal for Indian refiners to March: Report
NEW DELHI/SINGAPORE (Reuters) - Kuwait has extended oil supply contracts for Indian refiners by three months to March 2022 due to a delay in the commissioning of its 615,000 barrel-per-day Al-Zour refinery, according to people with knowledge of the matter.
 "Kuwait extends oil supply deal for Indian refiners to March: Report")
ExxonMobil and ONGC to extend partnership to Andaman offshore
Private refiners such as Reliance and Nayara Energy command over a third of India's total crude oil refining capacity
 "ExxonMobil and ONGC to extend partnership to Andaman offshore")
Indian Oil's refineries running at 90% capacity utilisation: Chairman
The firm is India's largest fuel refiner and retailer
 "Indian Oil's refineries running at 90% capacity utilisation: Chairman")
As fuel prices spike, India plans refiners' joint deals to cut import bill
With gasoline and gasoil prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely
 "As fuel prices spike, India plans refiners' joint deals to cut import bill")
Oil prices fall as US refiners shut down by damage from Hurricane Ida
Oil prices fell on Tuesday on concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output
 "Oil prices fall as US refiners shut down by damage from Hurricane Ida")
Fresh travel curbs amid Covid-19 surge mars outlook for Asian refiners
Fresh travel restrictions due to a resurgence in Covid-19 infections have dashed hopes for a recovery in Asian jet fuel demand this year and worsened the outlook for the entire refining sector
 "Fresh travel curbs amid Covid-19 surge mars outlook for Asian refiners")
Mukesh Ambani-backed company helps refineries keep running in pandemic
Detect Technologies' has a real-time pipeline monitoring system that tracks leaks and corrosion using sensors.
 "Mukesh Ambani-backed company helps refineries keep running in pandemic")
Third round of discovered small field auctions begins
Production from DSF-1 Elao field in Cambay basin expected to being in a weeks
 "Third round of discovered small field auctions begins")
Production from blocks awarded in first round auctions expected in a week
Third round of discovered small field auctions begins
 "Production from blocks awarded in first round auctions expected in a week")
DSF-III likely to see more oil and gas discoveries, fewer new players
It is expected that the third round of DSF auctions will have 32 contract areas on offer for bids spread across 75 fields
 "DSF-III likely to see more oil and gas discoveries, fewer new players")
US pipeline outage spurs refiners to book tankers to store gasoline
The tankers, booked by Marathon Petroleum, Valero Energy, Phillips 66 and PBF Energy, can hold around 350,000 tonnes of fuel
 "US pipeline outage spurs refiners to book tankers to store gasoline")
Indian oil refiners defer shutdowns as workers flee amid Covid resurgence
Bharat Petroleum and Indian Oil have deferred planned shutdowns due a shortage of contract workers.
 "Indian oil refiners defer shutdowns as workers flee amid Covid resurgence")
Mukesh Ambani sends oxygen from refineries to aid India's Covid-19 fight
Ambani's Reliance Industries Ltd., which operates the world's biggest refining complex in western India, has started supplying oxygen from Jamnagar to Maharashtra at no cost
 "Mukesh Ambani sends oxygen from refineries to aid India's Covid-19 fight")
India asks refiners to diversify, cut reliance on Middle East oil
Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April
IndianOil Corp set to invest Rs 32,946 crore in Panipat refinery
The Panipat Refinery is IOC's seventh, and technically the most advanced public sector refinery complex of India
Outgoing Trump admin mulls industry-wide biofuel waiver for oil refiners
The proposal for a general waiver could open the door to a contentious debate between the oil and biofuel industries just as Trump leaves the White House
 "Outgoing Trump admin mulls industry-wide biofuel waiver for oil refiners")
