Diesel
BP plans $388mn cleaner diesel project at Cherry Point refinery in Washington
BP will begin a $388mn project in May to install hydrogen diesel units at its Cherry Point refinery in Washington, according to a recent report in the Bellingham Herald newspaper.
Technip awarded EPC contract for Petrobras refinery in Brazil
Brazilian energy major Petrobras awarded Technip, in consortium with Tomé Engenharia, a lump sum turnkey engineering, procurement and construction (EPC) contract for five new units at the Presidente Bernardes refinery in Cubatão, state of São Paulo.
China’s Sinopec to cut fuel exports, lower chemical plant operating rates
Chinese refiner Sinopec will reduce fuel exports and lower chemical plant operating rates in order to increase domestic refined oil products supply, the company said on Tuesday.
Australian Renewable Fuels finalizes acquisition of domestic firm Biodiesel Producers
Australian Renewable Fuels Ltd finalized its acquisition of fellow domestic firm Biodiesel Producers Ltd, seeking to reinforce its offering and global position in the biodiesel market.
Puma Energy buying ExxonMobil's downstream businesses in six Central American markets
Puma Energy has agreed to acquire ExxonMobil's fuels marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Shell sells most of Chilean downstream businesses to Quiñenco
Shell today announced it has agreed to sell most of its downstream business in Chile to Quiñenco for a total consideration of some $614 million.
Obama Administration issues statement on US energy security
On March 30, the office of the press secretary at the US White House issued the following statement concerning the US’ energy security.
New reports predict US auto industry boosting profits with higher mileage standards
As the US ramps up vehicle fuel efficiency standards, two new reports from Citi Investment Research, Ceres and longtime independent industry experts conclude that US automakers will be more profitable at a fleetwide 42 mile per gallon (mpg) average in 2020
Purvin & Gertz releases global petroleum market outlook
Purvin & Gertz announces the release of its Global Petroleum Market Outlook 2011. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2030.
Shell sells Stanlow refinery to Essar Oil (UK)
Shell has signed a sales and purchase agreement for its 270,000 bpd Stanlow refinery in the UK and certain associated local marketing businesses with Essar Oil (UK) Ltd. for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
