refining

Pemex increases refining output 4% in 2023 at its six operating plants from year ago; Analyst sees new Dos Bocas refinery in commercial operations by 2024

Aug 20, 2023

Reinaldo Wences, executive vice president of Pemex Transformacion Industrial, or the Mexican state oil company´s crude oil processing area, said during the second quarter (April-June) earnings discussion call held on July 28, 2023, that the crude oil runs at...

ExxonMobil´s $5-billion Denbury purchase to speed up carbon capture and build ammonia business; company explores leveraging its upstream knowledge to enter lithium business

Aug 6, 2023

ExxonMobil will complete the Baytown chemical plant expansion, announced four years ago at a $2-billion projected cost, before the end of 2023 while the $5-billion purchase announced on July 13 of carbon capture and storage provider Denbury, that includes the...

Mexico´s Pemex aims for gasoline self sufficiency in 2024 after reverting declines

Mar 21, 2023

Mexican state oil refiner and petrochemical producer Pemex has reverted a decade of plunging gasoline production and plans to reach self sufficiency to meet all future motor fuel needs for the country with its own assets by 2024, the general director of Pemex...

U.S. jet fuel consumption recovery to 2019 levels challenged by fewer flights

Jan 22, 2023

U.S. jet fuel consumption rose in December 2022 from a year earlier but a faster recovery to the pre-pandemic, 2019 levels is challenged as carriers like Delta Air Lines have had success in efforts to become more energy efficient through grouping more people...

CPChem, Qatar to build new polyethylene plant in Texas-Louisiana border

Nov 19, 2022

Chevron Phillips Chemical and QatarEnergy announced on Nov. 16, 2022 plans to build an $8.5-billion ethylene and polyethylene integrated complex on the Texas side of the Sabine River at the Louisiana border, with CPChem owning 51% of the venture and startup...

U.S. fuel producers enjoy wider margins in 2022 following capacity reductions since pandemic

Nov 9, 2022

U.S. fuel refining operations posted third quarter 2022 earnings that showed higher refining margins compared with a year earlier amid tighter supply after the shutting down or re-conversion to biodiesel of many oil refineries that had been operating in 2019.

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