Americas
Troubled California oil refinery puts PBF's turnaround skills to the test
HOUSTON (Reuters) -- An aging California refinery is testing PBF Energy Inc's reputation as a turnaround whiz, with mounting production woes and costly repairs at the 88-year-old plant throwing a wrench into efforts to quickly revive profits.
BP sees trading benefits from oil boom in the Americas
LONDON (Reuters) -- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant US, Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said.
Trump signs order sweeping away Obama-era climate policies
WASHINGTON (Reuters) -- US President Donald Trump signed an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court.
Dow completes construction of ethylene production site in Texas
FREEPORT, Texas – The Dow Chemical Company announced the completion of the construction phase of its new ethylene production facility in Freeport, Texas. The Company reached this milestone within one week of the originally planned date, which was set approximately two years ago. Dow’s ethylene unit is now progressing through the commissioning phase, with start-up expected by mid-year.
AFPM IPC ’17: State of the Petrochemical Industry – A Wild Ride?
SAN ANTONIO -- The first morning of AFPM’s International Petrochemical Conference featured a session on the State of the Petrochemical Industry.
EIA: US crude oil exports went to more destinations in 2016
In 2016, US crude oil exports averaged 520,000 bpd, 55,000 bpd (12%) above the 2015 level, despite a year-over-year decline in domestic crude oil production. Even though oil exports have increased, growth in US crude oil exports has slowed significantly from its pace from 2013 to 2015, when annual US crude oil production grew rapidly.
CB&I awarded contract for Total ethane cracker project
THE WOODLANDS, Texas -- CB&I announced it has been awarded a contract valued at approximately $1.3 billion by Total Petrochemicals & Refining USA, Inc. to provide engineering, procurement and construction for an ethane cracker project located in Port Arthur, Texas.
Senators press Icahn on White House influence, business conflicts
WASHINGTON (Reuters) -- Several Democratic senators pressed billionaire investor Carl Icahn on Monday to clarify his role as an adviser to President Donald Trump, saying his position in the administration raised "alarming" questions about potential conflicts of interest with his stakes in the biofuels and pharmaceutical industries.
Total enters JV, plans ethane cracker and polyethylene unit builds in Texas
PARIS -- Total is entering a partnership with Borealis and Nova to form a JV with the aim of building an ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast. Total is expected to hold a 50% interest in the new JV.
WorleyParsons awarded PMC services contract by Manaseer Group
WorleyParsons has been awarded a contract by the Manaseer Group. Under the contract, WorleyParsons will provide project management consulting services for a greenfield integrated potash and phosphate fertilizer complex in Jordan.
- Mideast conflict turbocharges diesel prices, squeezing Europe 6/23
- Pertamina is looking to import > 200,000/month of 90-octane gasoline 6/23
- Japan will mitigate potential gasoline price spike, prime minister says 6/23
- Linde to invest $400 MM to build the world-scale air separation unit 6/23
- OEG signs major partnership agreement in Qatar 6/23
- U.S. Supreme Court lets fuel producers challenge California emissions standards 6/23
