Economics
NAC acquires Swiss Heights Engineering, Bellelli Group and Petrochem Industrie Group
NAC Global Technologies Inc. finalized its acquisition of Swiss Heights Engineering, a company that owns the Bellelli Group and Petrochem Industrie Group.
LNG slump, cost cutting spur rare output curb at Australian plant
Spending cuts and weak global liquefied natural gas prices have forced the operator of the Gladstone LNG project in Australia to consider running the plant at less than full tilt.
Westlake receives regulatory approval to acquire Axiall
Westlake have received all regulatory approvals required for the acquisition of Axiall Corp., including clearance from both the US and Canadian competition authorities.
Mexico announces launch of cap-and-trade pilot program
Mexico will launch a year-long simulation of a cap-and-trade program in November as a test run for a national carbon market expected to launch in 2018.
Icahn urges EPA to change renewable fuel credit market
Billionaire investor Carl Icahn has called on the top US environmental regulator to make changes to a market for renewable fuel credits or else risk "the mother of all short squeezes" that could bankrupt refiners.
Brazil seizes $655 M in assets from Odebrecht, OAS, executives
Brazil's federal auditing court, ordered the seizure of about $655 M worth of assets from engineering firms Odebrecht SA and OAS SA and some of their executives, to recoup losses from contracts related to the country's biggest ever corruption scandal.
US crude stocks fall unexpectedly in week: EIA
US crude stocks fell unexpectedly last week, while gasoline stocks decreased more than expected and distillate inventories rose, according to data from the Energy Information Administration.
South African fuel strike ends as union signs new pay offer
South Africa's petroleum sector employers and striking workers signed a new two-year wage deal on Wednesday, ending a three-week strike that caused limited supply disruptions.
Gunvor secures financing for Rotterdam refinery upgrade
Gunvor secured $200 M in financing for the development and infrastructural upgrade of its refinery in Rotterdam.
EIA: US crude oil exports are increasing and reaching more destinations
The number of countries receiving exported US crude oil has risen since the removal of restrictions on exporting US crude oil in December 2015.
- 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
