Economics
Petronas weighs sale to exit $27 billion Canada LNG project
Malaysian state oil firm Petronas is considering selling its majority stake in a $27 B Canadian LNG plant.
EIA: US exports distillate from Gulf Coast, imports on East Coast
Patterns of US distillate trade can be explained by regional supply and demand imbalances within the East Coast and Gulf Coast regions.
Refinery maintenance eases diesel glut as Europe empties tanks
Traders are rapidly emptying diesel tanks in Europe's storage hub as refinery maintenance lowers global production, offering a brief respite for the heavily oversupplied market.
EIA: Propane exports drove 2016 US petroleum product export growth
In the first half of 2016, the US exported 4.7 MMbpd of petroleum products, almost 10 times the crude oil export volume, an increase of 500 Mbpd over the first half of 2015.
Moody’s predicts sustained negativity for refining industry
Moody's outlook for the refining and marketing industry in North America and Europe, the Middle East and Africa remains negative.
Aruba parliament approves reactivation of Citgo refinery
Aruba's parliament approved a law that permits the reactivation of the Caribbean island's 235 Mbpd refinery, operated by Citgo Petroleum.
Hellenic Petroleum plans bond issue to refinance debt
Greece's biggest oil refiner Hellenic Petroleum is looking to issue new debt in October to refinance a $561.70 MM bond due May, 2017.
Federal Reserve proposes new limits on Wall Street energy bets
The Federal Reserve outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments.
Borealis considers new propane dehydrogenation plant in Belgium
Borealis will study the feasibility of a new propane dehydrogenation plant to be located at the existing Borealis production site in Kallo, Belgium.
Curacao inks deal with China firm to run Isla refinery
The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 B to upgrade the facility.
- thyssenkrupp Uhde selected by Dangote Fertilizer Ltd. to license four urea granulation units in Nigeria 11/21
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Tecnimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
