Oil and Gas Refining


  • LONDON, Oct 29- BP Plc's upgraded 405,000 barrel per day Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable. But analysts said that in previous briefings, BP has said Whiting would deliver a full year of profits in 2014..

  • UPDATE 6-Oil drops on Libyan export resumption hopes Tuesday, 29 Oct 2013 | 12:16 PM ET

    NEW YORK, Oct 29- Brent oil fell on Tuesday, giving back some of the previous session's sharp gains, on expectations that recent disruptions in exports from OPEC member Libya could be short-lived. Brent rose 2.5 percent on Monday as reports of Libya's worst civil unrest since the civil war in 2011 fueled concerns over global oil supplies.

  • Whiting refinery ramp up timetable slips into 2014 Tuesday, 29 Oct 2013 | 10:37 AM ET

    LONDON, Oct 29- BP Plc's upgraded Whiting refinery in Indiana will not reach full production until the first quarter of 2014, its quarterly results showed on Tuesday, an apparent slippage in the ramp-up timetable.

  • *Ethanol business reports operating income vs loss year earlier. Oct 29- Valero Energy Corp's third-quarter profit beat analysts' estimates by a wide margin as the U.S. Gulf Coast refiner processed more crude oil and sold more ethanol at a higher price.

  • WASHINGTON, Oct 29- U.S. officials weighing the climate impact of the proposed Keystone XL oil pipeline connecting Canada to U.S. Gulf Coast refiners are zeroing in on the question of whether shipment by rail is a viable alternative to the controversial project, industry sources say.

  • *MRPL replaced Essar as top Indian oil client of Iran in Sept. NEW DELHI, Oct 29- India's crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cut purchases from the sanctions-hit nation while waiting for New Delhi to back local insurers covering plants processing the oil.

  • Rising fortunes of Asia's energy sector     Monday, 28 Oct 2013 | 8:20 PM ET

    Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.

  • RIO DE JANEIRO, Oct 28- Brazil's state-run oil company Petrobras has proposed a new fuel-pricing plan, hoping to generate more cash and cut debt levels by improving the timing of gasoline and diesel price adjustments, Chief Financial Officer Almir Barbassa said on Monday.

  • NAIROBI, Oct 28- Tullow Oil's suspension of drilling in Kenya after weekend protests shows that popular impatience for a share of the spoils is compounding the problems energy firms face building an oil and gas industry from scratch in east Africa.

  • *Only offshore Bouri and Al Jurf oil platforms operating. LONDON/ TRIPOLI, Oct 28- Libya's oil exports have dropped to less than 10 percent of capacity as protests have halted operations at western ports and fields, frustrating government efforts to end a three-month stranglehold on the industry.

  • LONDON, Oct 28- Embattled European refiners face an uphill battle with U.S. and Asian competitors to supply Africa's rapidly growing appetite for fuel products as transatlantic shipping routes are redrawn.

  • *Market eyes talks between Iran and world powers this week. LONDON, Oct 28- Brent crude rose above $107 a barrel on Monday, ending three days of losses, after oil exports from Libya plunged following fresh unrest, reviving supply concerns.

  • LONDON, Oct 28- "Grangemouth now has a great future," its operator Ineos said on Friday, a remarkable turnaround from a week earlier, when the company described Scotland's sole refinery as financially distressed.

  • LAUNCESTON, Australia, Oct 28- Asian oil refiners are facing slumping profits as China is expected to ramp up exports of diesel and gasoline this quarter. China's top refiners, Sinopec Corp and PetroChina, have been granted export permits for the fourth quarter that are likely to result in a surge of diesel and gasoline exports.

  • Ecuador sees GDP growth of 4.5 pct to 5.1 pct next year Saturday, 26 Oct 2013 | 2:17 PM ET

    QUITO, Oct 26- Ecuador's economic growth will accelerate to as high as 5.1 percent next year, despite less revenue from the oil industry, and inflation is expected to slow to 3.2 percent, President Rafael Correa said on Saturday.

  • *UK government approves 125 mln pound loan guarantee. LONDON, Oct 25- Scotland dodged a heavy blow to its economy on Friday with a deal to rescue an oil refinery and petrochemical plant and safeguard up to 1,400 jobs. There's a future for this site, and it's long-term sustainable, " Calum MacLean, chairman of Grangemouth UK, said at a news conference.

  • TOKYO/ SINGAPORE, Oct 25- Iran's oil sales in October will fall to their lowest in months, according to sources who track tanker loadings, indicating no early petrodollar dividend for Iran despite its apparent willingness to compromise on its disputed nuclear work.

  • *Scotland to give 9 mln pound grant. LONDON, Oct 25- A rescue of the Grangemouth refinery and petrochemical plant in Scotland was secured on Friday as the union and the company reached a deal, saving 1,400 jobs and preventing a heavy blow to Scotland's economy.

  • LONDON, Oct 25- A deal has been signed to save the Grangemouth refinery and petrochemical plant by operator Ineos and the union, which included a three-year no-strike commitment, the local member of parliament said on Friday. "A deal was signed last night between the union reps and Ineos," said Michael Connarty, MP for Linlithgow and East Falkirk in east Scotland.

  • LONDON, Oct 25- The Grangemouth petrochemical plant in Scotland will not close after a last-minute deal between the union and owner Ineos has been reached, Sky News reported, citing sources.

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