Americas
Jacobs awarded contract for fuel storage, distribution terminal
DALLAS — Jacobs Engineering Group Inc. has been awarded a contract by Invex Infraestructura 4, S.A.P.I. de C.V. (INI4) for a greenfield fuel storage and distribution terminal in Tula Hidalgo, Mexico.
EIA: Crude oil, petroleum product exports reach record levels in H1 2017
Crude oil exports in the first half of 2017 increased by more than 300,000 bpd from the first half of 2016 to 784,000 bpd, a 57% increase. Petroleum product exports also grew over the same period. Crude oil and propane exports each reached record highs of 0.9 MMbpd, and distillate exports reached a record high of 1.3 MMbpd.
US starts anti-dumping probe into PET resin imports
WASHINGTON (Reuters) — The US Department of Commerce said on Tuesday it began an investigation into whether imports of polyethylene terephthalate (PET) resin from Brazil, Indonesia, South Korea, Pakistan and Taiwan were being dumped in the US market.
Mexico's Pemex fires warehouse workers for oil theft
MEXICO CITY (Reuters) — Mexican state oil company Petroleos Mexicanos (Pemex) said on Tuesday it would rescind contracts held by several workers at a warehouse and distribution center in the central state of Guanajuato as part of a strategy to combat oil theft.
ExxonMobil begins production on new polyethylene line at Mont Belvieu plastics plant
HOUSTON — ExxonMobil Chemical Company announced that it has commenced production on the first of two new 650,000 tpy high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas.
USD partners commence operations at crude terminal in Oklahoma
HOUSTON — USD Partners LP announced the commencement of operations at its destination terminal in Stroud, Oklahoma on Oct. 1. The planned retrofit work necessary to handle heavier grades of crude oil at the terminal was completed on time and under the Partnership’s initial budget.
Materia, Evonik reach agreement on catalyst license
PASADENA, Calif. — Materia, Inc., a supplier of high performance catalysts and advanced polymers, has entered into a license agreement with Evonik Industries, related to olefin metathesis catalysts, following a patent infringement case between the two companies.
US issues permit to expand Enbridge cross-border oil pipeline
CALGARY, Alberta (Reuters) — The United States issued a long-awaited permit covering a 3-mi segment of Enbridge Inc’s Line 67 crude oil pipeline on Monday, allowing the company to nearly double capacity on the cross-border conduit.
Risk premium returns to oil over Iraq fighting, rising US-Iran tensions
SINGAPORE (Reuters) — A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran.
Newest outpost for US crude exports: India
NEW YORK/NEW DELHI (Reuters) — India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of US grades to diversify their imports.
- 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
