Americas
Brazil court issues injunction suspending fuel tax hike
SAO PAULO (Reuters) — A Brazilian federal court in Rio de Janeiro state issued an injunction late on Thursday suspending a tax hike on fuels, saying the government decision is unconstitutional.
US to reject biofuel program tweaks in blow to refiners, Icahn
WASHINGTON/NEW YORK (Reuters) — The Environmental Protection Agency will reject a proposed overhaul of the US biofuels program that would have shifted blending responsibility away from refining companies further down the fuel supply chain, three sources familiar with the matter told Reuters on Thursday.
Jacobs to acquire CH2M to create $15 B global solutions provider
DALLAS & DENVER — Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. announced that they have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately $3.27 B, including approximately $416 MM of CH2M net debt.
Quanta selected by Enbridge Pipelines for line 3 replacement program in Canada
HOUSTON — Quanta Services, Inc. announced that it was selected by Enbridge Pipelines Inc. for two spreads of the Canadian section of the Line 3 Replacement Program.
Marathon Petroleum to pay $86 MM to settle Texas fire lawsuits
(Reuters) — US oil refiner Marathon Petroleum Corp said on Thursday it would pay $86 MM to settle lawsuits that allege injuries due to a January 2016 fire at its Galveston Bay, Texas refinery.
India's BPCL buys first cargo of US WTI Midland oil
NEW DELHI (Reuters) — State-run Bharat Petroleum Corp has bought 1 MMbbl of low-sulfur WTI Midland grade, the first purchase of the US grade by an Indian company, through a tender, an industry source with knowledge of the deal said.
California reviews gasoline vehicles for pollution
TRAVERSE CITY, Michigan (Reuters) — The California environmental agency that probed Volkswagen AG's diesel vehicles for violating pollution-control rules is now scrutinizing whether some gasoline-powered vehicles are emitting excess pollution, according to a senior official.
Freight train cars burning after derailment in Pennsylvania; residents flee
Hyndman, Pa. (Reuters) — Rail cars carrying gas and sulfur on a CSX Corp freight train skidded off the tracks and burst into flames on Wednesday in a small Pennsylvania town, forcing hundreds of residents to flee their homes as firefighters fought the blaze.
Brazil blocks fuel distributor Ale takeover by Ultrapar
BRASILIA (Reuters) — Brazil's antitrust watchdog Cade voted unanimously on Wednesday to reject Ultrapar Participações SA's proposed acquisition of rival fuel distribution company Alesat Combustíveis SA.
Jacobs signs global enterprise framework agreement with Shell
DALLAS — Jacobs Engineering Group Inc. has signed a global Enterprise Framework Agreement (EFA) renewal with Shell Oil Company to provide concept, front-end engineering, detailed design, procurement, project management, construction management and construction services for Shell projects globally.
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- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
