Americas
TransCanada abandons $12-B pipeline project after green push
CALGARY, Alberta (Reuters) — TransCanada Corp abandoned construction of its Energy East pipeline on Thursday, taking a $798 MM non-cash charge and handing environmental groups a major victory in efforts to hamper Canadian oil development.
Oil weak as OPEC aims to offset rising US output
LONDON (Reuters) — Oil prices fell on Wednesday, pulled down by caution that rising US crude output could scupper a rally that lasted for most of the third quarter.
Renewlogy joins Plastics-To-Fuel and Petrochemistry Alliance
WASHINGTON – The American Chemistry Council’s (ACC’s) Plastics-to-Fuel and Petrochemistry Alliance (PFPA) today announced that Renewlogy, formerly PK Clean, will become its newest member. Renewlogy, based in Salt Lake City, joins technology providers Agilyx, RES Polyflow, and Vadxx Energy in PFPA membership.
Matrix Markets auctions 4.750 MMbbl of storage capacity
HOUSTON — Matrix Markets LLC announced that 4.750 MMbbl of LOOP capacity allocation contracts (CACs) were sold during the Oct. 3 auction.
SNC-Lavalin awarded engineering, licensing contract for Dorogobuzh project
MONTREAL — SNC-Lavalin announced that it has been awarded a contract by Novgorodskiy GIAP, a subsidiary of Acron Group, for the development of engineering design packages and licensing services for a fertilizers project located in the Smolensk region of the Russian Federation.
AFPM Summit '17: Daily editions of the official conference newspaper
AUSTIN -- Enclosed are digital copies of the daily editions of the official conference newspaper of the AFPM 2017 Operations & Process Technology Summit, held at the JW Marriott.
Buckeye Partners resumes operation at its Yabucoa oil terminal
HOUSTON (Reuters) — Buckeye Partners has resumed full operations at its oil terminal and storage tanks in Puerto Rico two weeks after it closed the facility ahead of Hurricane Maria, the company said on Tuesday.
EIA: State taxes on gasoline in 2017 up 4.5% from 2016
In EIA’s latest update of state gasoline and diesel fuel taxes data, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia in effect as of July 1, 2017, was 27.9 cents per gallon (cents/gal), up 4.5% from the same time last year.
India's Reliance makes first purchase of US crude
NEW DELHI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for US oil versus global benchmarks, three trade sources said on Tuesday.
Oil prices fall for a second day on oversupply concerns
TOKYO (Reuters) — Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a Q3 rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped.
- 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 announces $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
