Americas
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.
SNC-Lavalin, Saudi Aramco sign MoU supporting in-country opportunities
MONTREAL — SNC-Lavalin and Saudi Aramco today signed a Memorandum of Understanding (MoU) signaling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.
TransCanada clashes with pipeline opponents at Nebraska hearing
LINCOLN, Nebraska (Reuters) — Opponents of TransCanada Corp's proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line's "alternative" path through the state and that the project should be considered dead.
Tankers gather off PDVSA ports amid delays exporting fuel oil
HOUSTON (Reuters) — An accumulation of tankers waiting to load around Venezuelan ports has grown in recent days as state-run oil company PDVSA struggles to deliver fuel oil for exports, according to traders and Reuters vessel tracking data.
Axens expands US catalyst manufacturing plant
Axens completed the expansion of its Calvert City, Kentucky manufacturing plant to produce its Impulse hydroprocessing catalysts Series in North America.
India gov't favors petcoke import ban, US would be biggest loser
NEW DELHI (Reuters) — India’s government is in favor of banning imports of petroleum coke to curb air pollution, according to a government affidavit filed with its top court, which could be a big blow to US refiners who export heavily to the country.
Fuel shippers seek US review of 'excessive' Colonial Pipeline rates
NEW YORK (Reuters) — Oil major Chevron, leading refiner Valero and Delta Air Lines have complained to the US energy watchdog about fees Colonial Pipeline charges to ship gasoline, diesel and jet fuel over its fuel network, the country's largest.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
