Economics
California ban on gas & diesel cars and trucks should concern every American
“California’s radical ban on gasoline- and diesel-fueled cars and trucks will have devastating implications for consumers, energy security and the U.S. manufacturing economy. "
Major traders, banks cut business ties with Russia-backed Indian refiner
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine.
U.S. court upholds Conoco's $8.7 B award for loss of Venezuela assets
A U.S. court upheld a tribunal's $8.75 B award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case.
Venezuela's second largest refinery resumes gasoline production
Venezuela's state oil and gas company PDVSA has restarted gasoline production at the country's second largest refinery after repairing a breakdown.
Phillips 66 announces offer to acquire outstanding publicly held common units of DCP Midstream
Phillips 66 also announced it has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of DCP Midstream for cash.
Brazil's antitrust watchdog postpones decision on Petrobras' refinery sale
Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for $189.5 MM to Ream Participações S.A., a subsidiary of distributor Atem.
Online Exclusive: How chemical manufacturers can navigate inflation
2021 was a bounce back year for chemicals M&A after the challenges of COVID-19. Both deal value and volume returned to historical highs, surpassing pre-pandemic levels.
PDVSA pauses oil-for-debt shipments to Europe, wants product swaps
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy's Eni and Spain's Repsol to provide it with fuel in exchange for future cargoes.
Mexico's Pemex requests $6.5 B more funding for 'Dos Bocas' refinery
Pemex requested this week almost $6.5 B in additional funding from the government to pay for works at the 'Dos Bocas' refinery this year.
Russia's Novoshakhtinsk refinery fully resumes operations
The Novoshakhtinsk oil refinery in Russia's southern Rostov region has fully resumed operations after it was struck by drones in June.
- thyssenkrupp Uhde to build a low-emission polyester plant for KÖKSAN in Turkey 4/9
- Honeywell to supply digital process and automation technologies to the Dangote refinery 4/9
- Technip Energies awarded contract for Long Son Petrochemicals enhancement project in Vietnam 4/9
- Digital Exclusive: How oil and gas operators can strengthen OT security in 2026 4/9
- Japan weighs new release of about 20 days' worth of oil from reserves 4/9
- Germany probes Klesch's planned purchase of bp refinery 4/9
