Hydrocarbon Processing

1 day ago | hydrocarbonprocessing.com | Josephine Mason |Stella Qiu |Chen Aizhu |Kenneth Maxwell

BEIJING (Reuters) — China's oil refineries increased their run rates by 12.7% to a record for September, data showed on Thursday, after a major new state-run refinery launched operations and independent plants came back on stream after maintenance. Processing volumes in September were up 12.7% in September compared with the same month a year ago at 49.34 MMt, or 12 MMbpd. That was also an increase on August's 11.1 MMbpd, according to data from the National Bureau of Statistics.

2 weeks ago | hydrocarbonprocessing.com | Saabira Chaudhuri

By SAABIRA CHAUDHURIWilliams Cos. and Boardwalk Pipeline Partners unveiled plans to form a joint venture that would develop a pipeline project to transport natural gas liquids from the Marcellus and Utica shale plays to the petrochemical and export complex on the US Gulf Coast and the petrochemical market in the Northeast US. The proposed "Bluegrass Pipeline" design would provide producers with 200,000 bpd of mixed NGLs take-away capacity in Ohio, West Virginia and Pennsylvania.

2 weeks ago | hydrocarbonprocessing.com | Christine Buurma

HomeNewsUS exports of NGLs poised to quadruple by 2020 By CHRISTINE BUURMABloombergUS exports of natural gas liquids, already at a record amid surging output from shale deposits, are poised to quadruple by 2020 as the expansion of the Panama Canal cuts shipping costs to Asia.  Deliveries of the fuels to foreign buyers averaged 555,000 bpd in July, the most in US government data going back to 1981.

Dec 11, 2024 | hydrocarbonprocessing.com | Cris Larano

By CRIS LARANOPetron Corp. said Wednesday that its board has approved a plan to invest in US-based ExxonMobil's downstream oil business in Malaysia, an initial overseas foray for the Philippines' largest oil refiner by capacity and sales. Petron has yet to finalize the size of the investment and the stake, it told the stock exchange. Petron president Eric Recto told Dow Jones Newswires that the board has yet to decide whether to buy all or a portion of the stake that parent firm San Miguel Corp.

Dec 11, 2024 | hydrocarbonprocessing.com | Ben Lefebvre

By BEN LEFEBVREUS refiners could see new opportunities as Europe's largest independent refiner and wholesaler of petroleum products shuts down three of its five refineries, analysts said. Petroplus Holdings announced the three closings last Friday as banks starting freezing more than $2 billion worth of the financially troubled Swiss company's credit lines.