Americas
Exxon climate-change probe goes to Massachusetts top court
BOSTON (Reuters) — ExxonMobil Corp will urge Massachusetts' top court on Tuesday to allow it to avoid handing over records to the state's attorney general amid a probe into whether the oil company misled investors and consumers about its knowledge of climate change.
Oil eases 1% on profit-taking as US output eyed
NEW YORK (Reuters) — Oil fell more than 1% on Monday on profit-taking as the market eyed signs of rising US production, though prices remained close to recent 2-yr highs thanks to last week's decision by OPEC and other producers to extend output cuts.
US judge orders oil-spill response plan for Dakota Access Pipeline
WASHINGTON (Reuters) — A federal judge ordered Energy Transfer Partners LP to coordinate with local tribes and the Army Corps of Engineers to create an oil-spill response plan for the controversial Dakota Access Pipeline by next April, a decision he said will allow oil to keep flowing and prevent spills.
Shell Midstream Partners to acquire additional assets from Shell
HOUSTON — Shell Midstream Partners, L.P. entered into a purchase and sale agreement to acquire from wholly owned subsidiaries of Shell a 100% interest in five products terminals and partial interest in two Gulf of Mexico corridor pipelines and in two strategic onshore pipelines for $825 MM.
US regulator raises concerns about weights on energy pipelines
CALGARY, Alberta/WASHINGTON (Reuters) — A US regulator's preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands of miles of underground energy lines.
ExxonMobil to merge refining, marketing divisions
IRVING, Texas — ExxonMobil Corporation announced it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Company, in 1Q 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division by ExxonMobil’s board of directors, effective Jan. 1, 2018.
Global Project Data
<i>Hydrocarbon Processing</i>’s Construction Boxscore Database is tracking more than 1,700 active downstream projects around the world.
Business Trends: Propane dehydrogenation technology is transforming the propylene business
Propylene demand has been increasing rapidly in recent years, and traditional processes are struggling to keep up.
Industry Perspectives: New downstream project announcements drop 14% in 2017
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 770 new projects have been announced over the past 3 yr.
Editorial Comment: Hydrocarbon Processing forecasts $361 B in total HPI spending in 2018
What is the state of the global hydrocarbon processing industry (HPI)?
- 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
