Crude oil
Calumet buys US synthetic lubes unit from Ashland
Calumet Specialty Products completed its previously-announced purchase of the Hercules aviation and refrigerant lubricants business, the polyol/ester-based synlubes subsidiary of Ashland. The Hercules business was previously in Ashland’s water technologies segment.
HollyFrontier plans 45% expansion for Utah refinery
US-based refiner HollyFrontier says it will expand capacity by 45% at its 31,000 bpd refinery in Woods Cross, Utah, raising capacity to 45,000 bpd by the expected completion in late 2014. The company expects incremental yields from the expansion project to be approximately 60% gasoline and 40% diesel, with expansion costs approximately $225 million.
KBR awarded construction deal on ExxonMobil lube base stock plant in Texas
KBR said Thursday it was awarded a construction contract for ExxonMobil’s new synthetics lubricant base stock facility to be built at ExxonMobil’s refinery and chemical plant complex in Baytown, Texas. The award came from Technip USA, the prime contractor responsible for EPC on the project.
Enterprise, Genesis team up for new Gulf pipeline
Enterprise Products Partners and Genesis Energy plan to build a crude oil gathering pipeline in the deepwater Gulf of Mexico for a consortium of six producers. Enterprise will serve as construction manager and operator of the new pipeline, earning fees for both services.
Republicans pressure Obama for Keystone XL pipeline decision
Republicans are tightening the screws on US President Barack Obama, seeking to force a decision regarding the controversial oil pipeline.
EU agrees in principle to oil embargo on Iran
European Union member states agreed in principle to press ahead with an oil embargo on Iran over its nuclear program, diplomats said Wednesday, in a move that pushed oil prices higher. An oil embargo would be the latest step in international efforts to isolate Tehran economically over concerns Iran is trying to develop nuclear weapons.
Enterprise to build ethane pipeline from Appalachia to US Gulf
Enterprise plans to move ahead with a planned 1,230-mile pipeline to deliver growing ethane production from the Marcellus and Utica shale regions to the US Gulf coast. The pipeline will begin in Pennsylvania with 595 miles of new pipeline extending to Missouri, where Enterprise plans to reverse an existing pipeline and place it in ethane service.
Venezuela seen getting off 'lightly' in $908 million ExxonMobil settlement
An international arbitration panel awarded US oil major ExxonMobil $908 million in a verdict over oil assets nationalized by Venezuelan President Hugo Chavez in 2007. The payout is substantially lower than the $7 billion that Exxon was seeking in restitution.
HP Construction: Middle East
Tecnimont S.p.A., the main operating company of Maire Tecnimont S.p.A., has an engineering procurement, construction and commissioning (EPCC) contract on a lump-sum turnkey basis for a new fertilizers..
Indian Oil to cut jet fuel prices amid weaker crude
Indian Oil Corp. on Saturday said it will trim jet fuel prices by 1.0% beginning January 1 due to a softening in international benchmark rates. State-run fuel retailers revise jet fuel prices every fortnight in line with international crude oil prices.
- Evonik inaugurates its 100,000-tpy alkoxides plant in Singapore 8/27
- Borouge collaborates with Yokogawa on autonomous AI control room 8/27
- Vietnam to make switch to ethanol-blended fuel in move to boost U.S. imports 8/27
- Sherwin-Williams launches single-coat high-performance Acrolon 680 for industrial and marine assets 8/27
- Trump tariffs force much-needed petrochemicals contraction 8/27
- First of five pyrolysis reactors delivered to the tire recycling plant in Uddevalla 8/27
