Nayara Energy is seeking to renew environmental approval to double the refining capacity at its 400kbd (20Mnta) Vadinar refinery, the previous approval had been given to Essar Oil (former owner of the refinery).
The National Parks Conservation Association is taking Meridian Energy to the North Dakota Supreme Court, arguing that an air quality permit issued by the state Health Department for the $800 Mn Davis Refinery and upheld by a state judge violates the federal Clean Air Act.
Investments in the production of lower-sulphur fuels at refineries across the world have been increasing since 2015 and reached $1 Bn to date. Investments will continue beyond 2020 as refiners prepare for the sulphur emission cap is 0.5% down from 3.5% drafted by the IMO to enters into effect in January 2020.
HollyFrontier has completed unplanned maintenance during 1Q19 at its El Dorado 135kd refinery, with the crude unit now back online and other downstream units in the process of restarting.
Trafigura is working towards offering a $1 Bn credit line to China's independent refiner Qingyuan Group, in a move that could mean Shandong-based independent refiners becoming attractive for traders and oil majors again.