Americas
Sunoco to exit refining, seek sale of two US units
Sunoco plans to exit the refining business and has begun a process to sell its refineries located in Philadelphia and Marcus Hook, Penn., the company said on Tuesday.
NOVA inks deals for Marcellus Shale ethane supply, delivery to Canada cracker
NOVA Chemicals has entered into three agreements to help revamp its Corunna cracker in Ontario, Canada, to utilize up to 100% natural gas liquids (NGL) feedstocks.
US Gulf oil production remains 60% shut after Lee
Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs following Tropical Storm Lee, with more than half of oil production still shut in.
Eastman acquires Brazil plasticizer firm Scandiflex
Eastman Chemical has acquired Scandiflex do Brasil S.A. Indústrias Químicas, a manufacturer of plasticizers located in Mauá, São Paulo, Brazil. The acquired Scandiflex plasticizer business and manufacturing capabilities are now part of Eastman’s performance chemicals and intermediates (PCI) segment.
Murphy Oil to sell La. refinery to Valero for $625mn
Murphy Oil has agreed sell its 125,000 bpd refinery and related assets in Meraux, Louisiana, to Valero for $325 million in cash plus the value of hydrocarbon inventory, putting the overall sale value near $625 million.
Tyco buys specialty firm Chemguard for $130mn
Tyco International completed its $130 million acquisition of Chemguard, a leading provider of fire suppression products and specialty chemicals. Founded in 1984 and based in Mansfield, Texas, Chemguard's fire suppression portfolio includes an extensive line of foam concentrates, firefighting hardware and engineered foam systems for a broad range of industrial applications.
Halliburton files Gulf oil spill lawsuit against BP
Halliburton on Thursday filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the Deepwater Horizon incident on April 20, 2010.
US Gulf producers shut in nearly half of oil capacity amid Tropical Storm Lee
Oil and gas operators around the Gulf of Mexico have begun evacuating platforms and rigs due to Tropical Storm Lee, with nearly 48% of oil capacity and 33% of natural gas production shut in. Lee intensified to become a tropical storm on Friday, according to the US National Hurricane Center (NHC), packing winds of 40 miles/hour.
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- Shell Aviation, Accenture, and Amex GBT expand Avelia into a multi-supplier SAF solution 7/16
- ORLEN and Krajowa Grupa Spożywcza sign MoU to accelerate biomethane production in Poland 7/16
- New plants, U.S. trade worries to drive China's 2025 naphtha imports to record 7/16
- Blue Water significantly reduces CO2 emissions by switching to HVO in port operations 7/16
- Swire Shipping launches new carbon insetting program – ‘Voyage to Zero’ 7/16
- China's surplus crude oil surges in June, giving refiners options 7/16
