Economics
Samsung Engineering and OMV sign MoU to jointly develop sustainable projects based on modularization
Samsung Engineering and OMV announced the signing of an MoU to cooperate on projects from the early development stage.
US pipeline operator ONEOK moves into oil, products with $18.8-B Magellan deal
ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 B including debt, bringing natural gas-focused ONEOK into transporting refined products and oil.
Singapore April bunker sales hit three-month high on better prices
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world's biggest refueling hub Singapore in April as prices were more competitive than regional ports.
Turkey doubles Urals oil imports in early May vs early April
Turkey doubled Russian Urals oil imports in the first half of May versus the same period of April as the country profits from cheap crude that is sanctioned by the West.
Stamicarbon awarded a 450-tpd green ammonia plant in the U.S.
Stamicarbon has signed a license agreement with its customer in the USA to develop a basic engineering design package for a 450-tpd green ammonia plant.
NextChem Holding's subsidiary Stamicarbon awarded new contracts for a green ammonia plant in the U.S.
MAIRE S.p.A. announces that its subsidiary NextChem Holding, through Stamicarbon, part of the Sustainable Technology Solutions business unit, has been awarded licensing and basic engineering design contracts for a 450 metric tons per day green ammonia plant by a prominent North American fertilizer producer.
SteelTrace announces selection by Chevron Technology Ventures for esteemed Catalyst Program
SteelTrace, a digital platform provider utilizing blockchain technology to manage all aspects of the steel supply chain, has been selected by Chevron Technology Ventures, LLC as part of its Catalyst Program.
India's Hindustan Petroleum posts biggest jump in quarterly profit in 9 yr
Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins.
Trafigura raises stake in Italian refinery Saras to 12.5%
Global commodities trader Trafigura has raised its stake in Italian refiner Saras to 12.46% from 5.23%, the companies said, strengthening Trafigura's foothold over Mediterranean oil flows.
Iraq ready to resume northern oil exports says minister
Iraq wants to restart oil exports on Saturday through a pipeline that runs from its northern Kurdistan region to the Turkish port of Ceyhan, but is waiting for the go-ahead from Turkey.
- CNOOC completes construction on $2.9-B, 1.8-MMtpy integrated complex in east China 8/22
- bp's Whiting refinery (U.S.) continues to flare days after severe thunderstorm 8/22
- Bachmann introduces latest version M-Target for Simulink 8/22
- U.S. to rule on biofuel waivers, but big oil refiners may need to wait 8/22
- Chinese independent refiner Hongrun buys Canadian, Brazilian crude 8/22
- Ukrainian attack suspends Russian oil flows to Hungary, Slovakia 8/22
