Americas
Secretary of Energy announces integrated biorefinery optimization projects
WASHINGTON, D.C. — US Secretary of Energy Rick Perry announced that the Department of Energy (DOE) has selected eight projects to negotiate for up to $15 MM in total DOE funding to optimize integrated biorefineries.
ExxonMobil Baytown, Beaumont refineries begin fuels production
IRVING, Texas — ExxonMobil said that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey.
Venezuelans face growing queues to buy gasoline
PUERTO ORDAZ, Venezuela (Reuters) — Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles.
Phillips 66 to sell assets to MLP in $2.4-B deal
(Reuters) — Phillips 66 Partners LP, the master limited partnership (MLP) of Phillips 66, said it would buy assets from the refiner in a deal valued at $2.4 B, including debt, in its biggest acquisition ever.
OPEC says winning battle to curb oil glut
VIENNA (Reuters) — OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday.
Dow announces start-up of world-scale ethylene production facility, polyethylene unit in Texas
MIDLAND, Mich. — DowDuPont Materials Science, the business division of DowDuPont to be named Dow, announced the startup of its new integrated world-scale ethylene production facility and its new ELITE enhanced polyethylene production facility, both in Freeport, Texas.
Stormy weather exposes shortcomings of world's oil refineries
BRUSSELS/LONDON (Reuters) — Hurricane Harvey's crippling impact on US oil refinery operations this month and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining capacity around the globe.
Energy contract lawsuits expected to jump in Harvey's wake
HOUSTON (Reuters) — Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of US fuel output and pushing some oil production offline.
California cities sue big oil firms over climate change
(Reuters) — California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents.
Chevron Phillips Chemical begins startup of polyethylene units at Old Ocean, Texas
THE WOODLANDS, Texas — Chevron Phillips Chemical Company LLC announced it has successfully completed commissioning and begun start-up of its new polyethylene units at Old Ocean, Texas.
- 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
