Tag: refining
ExxonMobil starts first-of-its-kind technology in Singapore
ExxonMobil has commissioned new facilities on Jurong Island that convert crude oil residues into higher-value products, adding 20,000 bpd Group II base stocks capacity. Used in engine oils, gear oils, and marine oils – driving stainless steel demand in refining and process equipment.
The role of stainless steel in the petroleum refining industry
Srikumar Chakraborty talks about the use of stainless steels in corrosion-related challenges in the petroleum-refining industry
Asia to contribute 40% of capacity growth by 2024
Asia is expected to lead the global refining industry by contributing about 40% of refining capacity additions from planned and announced (new-build) projects between 2020 and 2024, says GlobalData.
ConocoPhillips spinoff to close in 2Q 2012
ConocoPhillips (COP) expects to complete the spinoff of its refining arm in the second quarter of 2012. Under the deal, stockholders will receive one share in the new refining company for every two ConocoPhillips shares they presently own.
Franco-Russian joint venture
Lukoil and Technip will create a 50/50 joint venture company for oil & gas projects, refining and petrochemicals in Russia and other CIS countries.