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Americas

Russia resumes oil shipments to Cuba, helps fill Venezuelan breach

HAVANA (Reuters) -- Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled.

Honeywell UOP installs China's largest propane dehydrogenation unit

DES PLAINES, Ill. -- Honeywell announced the commissioning and operation of the largest operating single-train propane dehydrogenation unit in China.

Oil rebounds from near 2017 lows on falling US crude stocks

LONDON (Reuters) -- Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in US crude stocks, reviving bullish sentiment about easing oversupply.

Alpek receives corporate approvals for Petrobras PTA-PET facility acquisitions

MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it obtained all necessary corporate approvals to acquire 100% of Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco from Petróleo Brasileiro S.A. for $385 MM.

Russia's Evraz to supply pipes for Kinder Morgan's pipeline expansion

(Reuters) -- Evraz Plc, Russia's No. 2 steelmaker, signed an agreement with Kinder Morgan Inc to supply about 250,000 metric t of pipe to the US pipeline company for the expansion of the Trans Mountain pipeline.

Venezuela resumes light oil shipments to Cuba

HOUSTON (Reuters) -- Venezuela resumed exports of light crude to its political ally Cuba in March after an eight-month pause that led to a production halt at the island's jointly-owned Cienfuegos refinery, according to internal data from state-run PDVSA seen by Reuters.

German minister to try to persuade US to remain in climate pact

BERLIN (Reuters) -- German Environment Minister Barbara Hendricks said on Tuesday she would seek to convince the administration of US President Donald Trump to remain part of the Paris Climate Agreement during her trip to the United States later this month.

Big short position on biofuels generated profit for Icahn's refiner

NEW YORK (Reuters) -- Carl Icahn's big bet on falling prices for biofuels credits generated a rare profit in that area last quarter for the billionaire investor's refining company CVR Energy, according to public filings.

Shell completes sale of Motiva assets to Saudi Aramco

HOUSTON -- Royal Dutch Shell plc announced the completion of the transaction for the separation of assets, liabilities and businesses of Motiva Enterprises LLC. As announced when the definitive agreements were signed, the separation is as follows:

Canadian refinery reusing 100% of water with GE wastewater treatment technology

TREVOSE, PA. — Federated Co-Operatives Limited’s Co-op Refinery Complex in Regina, Saskatchewan, was named Industrial Water Project of the Year at the annual Global Water Awards. The award recognizes the project, commissioned in 2016, that represents the most impressive technical or environmental achievement in the field of industrial water.