Americas
US refinery margins rise in all five regions
Refining margins rose in all five US regional petroleum districts in the week ended November 4, according to Credit Suisse.
NARL Refining to layoff up to 130 workers at Canadian refinery
NARL Refining notified employees Wednesday of plans to shed up to 130 jobs at its Come By Chance refinery in Newfoundland, Canada.
Canadian Court of Appeal halts ExxonMobil acquisition of InterOil
In its decision, the Court of Appeal for Yukon overturned a ruling by the Yukon Supreme Court last month that had approved the proposed plan of arrangement by ExxonMobil Corp. to acquire all of the shares of InterOil.
Brazil's Petrobras to cut diesel, gasoline prices as oil falls
State-controlled Petróleo Brasileiro SA said it plans to cut diesel and gasoline prices at the refinery point, following a decline in oil prices.
China company signs MOU with BP to supply crude to Isla refinery
Commodity trader Guangdong Zhenrong Energy Co. has signed a memorandum of understanding (MOU) with BP for commercial cooperation on an oil refinery in the Caribbean.
Pemex plans crude processing ramp-up by year-end
Mexico's state oil company Pemex plans to ramp up crude processing by the end of the year, after refining hit the lowest levels in at least five years in September following a series of plant stoppages.
BP announces investment of $30 MM in biojet producer Fulcrum
BP subsidiaries BP Ventures and Air BP businesses have created a strategic partnership with Fulcrum BioEnergy, a pioneer in the development and production of low-carbon jet fuel, in which BP will invest $30 MM.
Colonial Pipeline restarted Line 1 on Sunday
Colonial Pipeline said Line 1 began shipping gasoline between Houston and Linden, New Jersey, on Sunday morning for the first time since a deadly October 31 explosion and fire near Helena, Alabama.
Woodfibre LNG receives project funding
Pacific Oil & Gas Ltd. has authorized the funds necessary for the Woodfibre LNG Project to proceed.
Four years after rescue, Philadelphia refinery reels as investors profit
Four years after private equity firm Carlyle Group and a partner purchased Philadelphia Energy Solutions, the refinery faces another existential crisis.
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