TOKYO, Japan (March 30, 2023) — Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has begun providing ENEOS Corporation with an energy balance optimization service ...

Reduced demand for finished petroleum products caused by the coronavirus (COVID-19) pandemic has created a new competitive environment for global refiners in which agility and efficiency have become ...

Petrochemical and petroleum refining industries continue to be crucial to the global economy. They provide products like gasoline, heating fuel, diesel, fertilizers, solvents, rubber, plastic, ...

While any investment by US companies in rejuvenating Venezuelan oil production could take time, Gulf Coast refiners are well ...

The cost of refining crude oil varies depending on the complexity of the refining process and the quality of crude oil. High-quality crude oil requires less refining and produces more high-value ...

PetroChina (NYSE:PTR) has completed upgrades at its Daqing refinery, expanding the site's crude oil processing capacity to 10M metric tons/year, or 200K bbl/day, from 6.5M mt/year after completing a ...

There is no more economically and environmentally efficient way of transporting the world’s goods than by sea. Compared to air or road freight, based on per ton of cargo shipped, shipping’s carbon ...