Americas
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.
Alaska oil companies settle dispute over Trans-Alaska Pipeline tariff charges
ANCHORAGE, Alaska (Reuters) — The state of Alaska will receive hundreds of millions of dollars in a settlement with oil companies over the value of North Slope crude oil shipped through the Trans-Alaska Pipeline (TAP), officials announced.
EIA: US biodiesel production still increasing despite expiration of tax credit
Through the first nine months of 2017, US biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender's tax credit at the end of 2016.
Cuba takes over Venezuela stake in refinery JV
HAVANA/HOUSTON (Reuters) — Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said on Thursday.
Grace to acquire polyolefin catalysts business
COLUMBIA, Md. — W. R. Grace & Co. signed an agreement to acquire the Polyolefin Catalysts business of Albemarle Corporation for $416 MM. The transaction is expected to close in the first quarter of 2018, subject to regulatory approvals and other customary closing conditions.
ECC '17: Transformative change - a necessity for current and future success
At the 49th ECC event, Liam Mallon, President of ExxonMobil Development Co., gave a keynote address entitled, "Transformative change: A necessity for current and future success."
Argentina to levy 8% tax on biodiesel exports
BUENOS AIRES (Reuters) — Argentina will put an 8% tax on biodiesel exports starting next year, the government said in its official gazette on Wednesday, just days after the United States accused the South American country of subsidizing the fuel.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
