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Crude oil

Foster Wheeler will engineer new blending plant in Belgium

Foster Wheeler AG’s Global Engineering and Construction Group has been awarded a contract by Kuwait Petroleum International Lubricants for the provision of detailed engineering services for a brownfield lube oil blending plant to be built at Kuwait Petroleum's facility at Antwerp, Belgium.

Shell Global Solutions wants to help refiners manage sulfur levels

Shell Global Solutions launched a sulfur technology platform at the European Refining Technology Conference (ERTC) Annual Meeting in Istanbul, Turkey.

Merichem introduces product to sweeten mercaptans in jet fuel

Merichem has launched MERICAT J, a next-generation technology to remove heavy mercaptans in jet fuel, kerosene and other middle distillate streams.

Husky purchases property from ExxonMobil Canada and moves forward with Sunrise

Husky Energy has signed a purchase and sale agreement with ExxonMobil Canada Ltd. to acquire oil and natural gas properties in Alberta and northeast British Columbia.

Eni starts major heavy oil project in Venezuela

Eni and PDVSA are working on two projects: PetroJunín, dedicated to the development of the Junín 5 Block, located in the Orinoco Oil Belt some 550 kilometers south east of Caracas, and PetroBicentenario, dedicated to the construction and operation of a refinery in the area of the existing industrial coastal complex of Jose.

Chevron to sell fuels marketing and aviation businesses in parts of the Caribbean and Central America

Chevron has agreed to sell its fuels marketing and aviation businesses in Antigua, Barbados, Grenada, Dominica, St. Lucia, St Vincent, Guyana, St. Kitts, French Guiana, Martinique, Guadeloupe, Trinidad, Nicaragua, Costa Rica and Belize to Vitogaz, SA, a wholly-owned subsidiary of RUBIS, an international downstream petroleum company based in France.

Ivanhoe Energy’s Tamarack project marks major advance

Ivanhoe Energy has completed a major milestone towards commercial production at its Tamarack project with the submission of its regulatory application to the government of Alberta, Canada.

Statoil exercises one year option with Aker Solutions at Mongstad refinery

Statoil has exercised a one year option to extend its contract with Aker Solutions at the Mongstad refinery in Norway.

Genesis Energy grabs a 50% interest in Cameron Highway Oil Pipeline

Genesis Energy has executed a definitive agreement to purchase Valero Energy’s indirect 50% equity interest in Cameron Highway Oil Pipeline, a partnership, for $330 million in cash.

Chavez bemoans US regulation and Citgo profitability

The human quote machine and general despot of Venezuela Hugo Chavez is once again in the news, this time for bad mouthing the Venezuelan-owned company known as Citgo.