Economics
Western Refining halts activity at Yorktown refinery
Western Refining is suspending refining operations at its Yorktown refinery due to the poor outlook for East Coast refining margins.
Frontier puts positive spin on Cheyenne refinery fire
The late July fire at Frontier Oil’s Cheyenne refinery has been problematic for the company, but its leadership does not see the incident as having a long term effect on Frontier’s overall bottom line.
Shell and Delek can’t get it done in Canada
Canada Products (Shell) and Delek US Holdings, Inc. have agreed to end negotiations regarding a potential sale of the Shell Montreal East refinery.
API says US Senate energy bill threatens jobs, economic growth
The US Senate bill recently unveiled by Majority Leader Harry Reid moves forward with provisions that will cost American jobs, slow economic growth and will place our energy security at risk, according to a statement by American Petroleum Institute President and CEO Jack Gerard.
New oil spill containment system planned by major oil companies
A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico was announced today by Chevron, ConocoPhillips, ExxonMobil and Shell.
Aramco, Total sign Jubail refinery financing
SAUDI Aramco and Total have closed a low-cost, $8.5bn project financing for Saudi Arabia's Jubail export refinery. Signed in late June, the deal – the first project financing in Saudi Arabia to feature an Islamic bond – was comfortably oversubscribed, receiving commitments for over $13.5bn. The financing covers 70% of the total project cost; the remainder will be funded directly by the sponsors, working together as Saudi Aramco Total Refining & Petrochemical's (Satorp), of which Aramco holds 62.5% and Total the remainder.
IEA says China overtakes the US to become world’s largest energy consumer
IEA calculations based on preliminary data show that China has now overtaken the United States to become the world's largest energy user. China's rise to the top ranking was faster than expected as it was much less affected by the global financial crisis than the United States.
Norcorom refinery to change hands
AMIN subsidiary International American Refineries, Inc., has acquired all outstanding shares of Norcorom Industries. Norcorom owns a refinery in Ingleside, Texas, with a capacity of 40,000 bpd.
ABB snaps up K-TEK
ABB has completed its acquisition of the Prairieville, Louisiana, company K-TEK, which becomes part of the Measurement Products business unit within ABB’s Process Automation division.
CPFD Software set to distribute Barracuda in China
CPFD Software LLC, the creators of the Barracuda simulation package for particle-fluid systems, announced the signing of a distribution agreement with Hi-Key Technology to distribute and support Barracuda in China.
- Allied Biofuels signs PIA with Uzbekistan to advance $6-B biofuels refinery project 4/10
- Nufarm strengthens strategic collaboration to support long term growth in biofuels production 4/10
- Pertamina and CRecTech sign MoU to explore pilot biogas-to-biomethanol facility in SEZ, Indonesia 4/10
- Shell Chemicals and Syensqo partner to deliver low-carbon ethylene oxide solutions 4/10
- HAMR Energy’s nationally significant fuel projects selected for Australian Government’s Investor Front Door Pilot 4/10
- HD Hyundai Heavy Industries builds world's first ammonia-powered vessel 4/10
