Management
Olin Corporation lifts systemwide force majeure for chlor-alkali products
Olin Corporation, a leading global manufacturer of chemical products and ammunition, announced that it has lifted its systemwide force majeure on chlor-alkali products declared on July 10, 2024.
New research reveals increasing strategic importance of maintenance in oil and gas industry operations
Jotun has published a new report, derived from a survey of over 1,000 senior professionals, showing that 88% of respondents anticipate an increase in maintenance budgets over the next five years and 75% say that the requirement to report on environmental performance has led to increased investment in maintenance.
Process technology: SICK and Endress+Hauser sign strategic partnership
German sensor company SICK and the Swiss measurement and automation technology specialist Endress+Hauser have agreed on a strategic partnership. Endress+Hauser will take over worldwide sales and service of SICK’s process analyzers and gas flowmeters, with a JV to be established for their production and further development.
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 MM, as part of a turnaround plan for the loss-making venture. Under the deal, Aramco and Sumitomo Chemical will each provide $702 MM in funding to Petro Rabigh and waive loans worth a total $1.5 B.
Chevron announces headquarters relocation to Texas
Chevron Corp. oration has announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas.
Trafigura-Entara consortium to buy French refinery from ExxonMobil
Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, has agreed with ExxonMobil's ESSO SAF to buy the Fos-sur-Mer refinery and Toulouse and Villette-de-Vienne terminals in France.
Shell beats forecasts with $6.3 B second quarter profit
Shell reported second-quarter profit of $6.3 B, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.
KT - Kinetics Technology has finalized the purchase of APS Evolution engineering company
MAIRE announces that KT - Kinetics Technology (Integrated E&C Solutions) has finalized the acquisition of the entire share capital of APS Evolution S.r.l.
US court rejects EPA denials of 2022 small refinery biofuel waivers
A federal appeals court rejected the Environmental Protection Agency’s decision in 2022 to deny small oil refineries temporary waivers from the nation’s biofuels blending program, and sent the matter back to the agency for review.
Italy's Saipem sees business opportunities in green ammonia
Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
