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Tag: refining
Oil Giants Start Losing Safety Net as Refining Margins Squeezed
2016-01-19 21:03:24| Oil & Gas - Topix.net
Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world's biggest oil companies as they move into 2016. Global refining margins, the estimated profit from turning oil into gasoline and diesel, fell 34 percent in the fourth quarter, the steepest decline in eight years, to $13.20 a barrel, data on BP Plc's website show.
Oil Giants Start Losing Safety Net as Refining Margins Squeezed
2016-01-19 19:09:05| Energy - Topix.net
Refining profits that buttressed earnings for Exxon Mobil Corp. and Royal Dutch Shell Plc as crude prices plunged are now slumping, further pressuring all of the world's biggest oil companies as they move into 2016. Global refining margins, the estimated profit from turning oil into gasoline and diesel, fell 34 percent in the fourth quarter, the steepest decline in eight years, to $13.20 a barrel, data on BP Plc's website show.
Indiana's Oil Refining Waste Heads to Kentucky, Virginia
2015-12-28 15:40:00| Waste Age
Public News Service Early this year, BP announced it would stop sending the waste to a dumping site in Chicago. Instead, it's now being moved along the Ohio River, including to a coal-handling facility in Paducah, Ky., and an export facility in Newport News, Va. read more
Tags: oil
virginia
waste
heads
UPDATE 1-Western Refining to buy rest of Northern Tier
2015-12-22 13:42:19| Energy - Topix.net
Dec 21 Western Refining Inc said it had reached an agreement to buy the shares of Northern Tier Energy LP it did not already own, in a deal that values the refiner at $2.43 billion. Northern Tier unitholders will now receive $15 in cash and 0.2986 of Western Refining share for each unit held, the companies said on Monday.
Tags: buy
update
rest
northern
10:15 KazMunayGas, PetroChina agree on further cooperation in oil refining
2015-11-30 06:52:45| Oil & Gas - Topix.net
President of KazMunayGaz JSC Sauat Mynbayev and Vice President of CNPC, President of PetroChina Wang Dongjin signed a cooperation deal on oil refinery, the Kazakh national oil company said in a press release on November 27. In addition, the PetroKazakhstan Oil Products LLP and the CNPC signed a supplementary agreement on the implementation of phase 2 of the project on reconstruction and modernization of the Shymkent Refinery. PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation, headquartered in Dongcheng District, Beijing.
Tags: agree
oil
cooperation
refining
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