Crude oil
Sunoco completes sale of Toledo refinery
Sunoco, Inc. announced it has completed the previously announced sale of its refinery in Toledo, Ohio ,to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC.
RINA coordinates EU information highway development
International classification society RINA is coordinating, on behalf of the Italian Ministry of Transport, a €16 million EU-funded project to develop a new information highway for shipping and logistics.
Neste Oil and ADNOC partner in VHVI base oils
Finland's Neste Oil and Abu Dhabi National Oil Co. (ADNOC) have entered into a partnership concerning very high viscosity index (VHVI ) base oils.
Oil futures drop on Feb. 24 leaving behind a 28-month high
As MarketWatch reported in a piece yesterday, Crude oil traded as high as $103.41 a barrel Thursday, Feb. 24, as supply disruptions in Libya and fears of contagion among other countries in the Middle East and North Africa spooked investors
Holly and Frontier merge to create HollyFrontier
Holly Corp. and Frontier Oil Corp. have merged. Factoring in various variables, it can be safely interpreted that the new company has an enterprise value of $7 billion.
Total sells stake in Spanish company to Abu Dhabi entity
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. IPIC, a wholly owned entity of the Abu Dhabi government, is currently a shareholder of CEPSA with a stake of 47.06%.
US refining margins improve, but some refineries remain at risk
During the fourth quarter of 2010, US refining industry performance improved relative to the prior quarter. While the US Gulf Coast crack spreads were somewhat lower in the fourth quarter, the light-heavy crude oil price differential (LLS-Maya) continued to favor refineries with heavier crude slates.
Mubarak exits stage right
What will this mean for IOCs doing business in the region?
New licensing agreement makes a wastewater splash
GE has completed a new expanded licensing agreement that will allow the company to continue offering high-efficiency reverse osmosis (HERO) systems to help more of its industrial customers increase their water usage efficiency and reuse capacity as the international community works to address mounting shortages of clean water.
Slurry-phase hydrocracking—possible solution to refining margins
Opportunity crudes require more hydrogen addition to upgrade orphan product streams into higher-value ‘clean’ products
- Veolia and SBM Offshore partner to deploy near-shore, floating desalination units 1/15
- Formosa Petrochemical extends Taiwan cracker shutdown due to weak derivative margins 1/15
- Cargill advances maritime Decarbonization with delivery of first green methanol dual-fuel vessel 1/15
- Key U.S. energy, power trends at home and on world markets 1/15
- U.S. to finalize 2026 biofuel quotas by early March, drop import penalties 1/15
- India's Nayara Energy buys only Russian oil in Dec for 5th straight month 1/15
