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Oil refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils. Petrochemicals feed stock like ethylene and propylene can also be produced directly by cracking crude oil without the need
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An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene, liquefied petroleum gas, jet fuel and fuel oils. Petrochemicals feed stock like ethylene and propylene can also be produced directly by cracking crude oil without the need
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Texas gas is moderately expensive, because it is subject to overseas pricing pressure via Gulf Coast export facilities. The Gulf Coast has enormous refining capacity and produces significantly more gasoline than the region uses, but all the excess...
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CALGARY — Shares in Tidewater Midstream and Infrastructure Ltd. fell sharply Friday after it announced it would buy a small light oil refinery in Prince George, B.C., from Husky Energy Inc. for
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The oil and gas industry is divided into three key areas, i.e., upstream, midstream and downstream. An oil refinery is a part of the midstream sector of the oil and gas industry. In order to setup a midstream sector, refineries, pipelines and other infrastructures which transport crude oil to refineries for further processing need to be setup
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Heavy oil producers should fare better than the light ones. That’s because there is a lot more heavy oil refining capacity in the US than light oil. BP’s big Whiting refinery in Illinois is supposed to be coming online in January, increasing heavy oil throughput from 85,000 bopd to 350,000 bopd—that’s a lot more demand! Heavy oil
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The cost of building a brand new 100,000 barrel per day oil refinery in Guyana can cost up to US$5 billion with a negative rate of return on investment at between US$2 billion and US$3 billion, a consultant said Wednesday. Director of Advisory Services at the United States-based Hartree Partners
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The oil refining/marketing sector includes companies that refine and sell crude oil. Companies that refine oil manufacture it into a number of petroleum products, including gasoline, jet fuel and
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This week's deals between Aramco and the two Western oil majors come amid tight refining capacity worldwide, one of the key reasons for the jump in global crude oil prices, which have doubled from $35 a barrel two years ago to around $70 at present.
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Battle rages over Swiss oil refinery removal plan Angola's Cabinda mega refinery project, which was hatched as a way of ending the embarrassing petrol shortages which regularly paralyse Africa's second biggest oil producer, has attracted all the major international operators, thanks to the financial and oil supply guarantees offered by President João Lourenço.
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