Americas
US Senator trying to get Big Corn behind US biofuels reform
(Reuters) — Senator John Cornyn, the No. 2 Senate Republican, is trying to win support from the Midwest corn lobby for a broad legislative overhaul of the nation's biofuels policy, according to sources familiar with the matter.
Materia, Inc. sells catalyst business to Umicore
PASADENA, Calif. — Materia, Inc., a leading supplier of high performance catalysts and advanced polymers, has entered into an agreement to sell its catalyst business to Umicore, a global materials technology and recycling company with a strong presence in precious metal catalysts headquartered in Brussels, Belgium.
PDVSA at risk of losing Bonaire terminal over maintenance delay
HOUSTON (Reuters) — Venezuela’s PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman said on Tuesday.
Enterprise to implement additional crude oil quality specs at Cushing terminal
HOUSTON — Enterprise Products Partners L.P. announced that it will adopt five new quality specifications for sweet crude oil, also referred to as West Texas Intermediate (WTI) at its terminal in Cushing, Oklahoma. Enterprise’s Cushing terminal is a physical delivery point for NYMEX WTI futures.
Jacobs completes CH2M acquisition
DALLAS and DENVER — Jacobs Engineering Group Inc. announced the completion of its acquisition of CH2M via a cash and stock transaction.
TransMontaigne Partners acquires two refined product, crude oil terminals
DENVER — TransMontaigne Partners L.P. announced that it has completed the previously announced acquisition of the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P.
McDermott, CB&I to combine in $6 B transaction
HOUSTON and THE WOODLANDS, Texas — McDermott International, Inc. and CB&I announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and market leading technology portfolio.
Petrobras enters binding phase for sale of two fertilizer units
RIO DE JANEIRO (Reuters) — Brazil’s state-run oil company Petroleo Brasileiro said on Tuesday it has begun the binding phase for the sale of two fertilizer units, Araucaria Nitrogenados SA and Unidade de Fertilizantes Nitrogenados III.
Oil rises on UK pipeline outage but US supply caps gains
LONDON (Reuters) — Oil edged up towards $64/bbl on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies after a missile was fired by a Yemeni group at the Saudi capital.
Inter Pipeline to build Canada’s first integrated PDH, PP complex
CALGARY, Alberta — Inter Pipeline Ltd. announced that its board of directors has authorized the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant.
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- ExxonMobil introduces Enable™ 1617 performance polyethylene 7/17
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