Americas
Williams Partners completes sale of olefins facility to NOVA Chemicals
TULSA, Okla. — Williams Partners L.P. announced that it has completed the sale of all of its membership interest in Williams Olefins L.L.C., which owns an 88.46% undivided ownership interest in the Geismar, Louisiana, olefins plant and associated complex, to NOVA Chemicals for $2.1 B in cash, subject to a working capital adjustment.
Linde AG awarded EPC contract for new Braskem polypropylene production line
LA PORTE, Texas and PHILADELPHIA — Braskem, the largest thermoplastics resins producer in the Americas, announced that The Linde Group, a gases and engineering company, has been selected as the lead engineering, procurement and construction (EPC) contractor to build Braskem's new world-scale North American polypropylene (PP) production line.
CB&I awarded material supply contract for ethylene expansion project
THE WOODLANDS, Texas — CB&I announced it has been awarded a contract by PT Chandra Asri Petrochemical Tbk (CAP) to supply materials for the revamp of existing cracking heaters at CAP's naphtha cracker plant in Cilegon, Indonesia.
India buys first ever US crude oil, to step up purchases
NEW DELHI/SINGAPORE (Reuters) — India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October.
Venezuelan crude sales to the US fell in June to lowest in 14 yr
HOUSTON (Reuters) — Venezuelan crude exports to the United States fell to 491,340 bpd in June, the lowest monthly level since early 2003, because of fewer sales by state-run PDVSA to its unit Citgo Petroleum, according to Thomson Reuters Trade Flows data.
Trafigura to receive Permian Basin crude oil, condensate
HOUSTON — Trafigura Trading LLC, a wholly owned subsidiary of Trafigura Group Pte Ltd, has announced the signing of a long-term commitment with Plains All American Pipeline LP for the receipt of crude oil and condensate from Midland, Texas to Corpus Christi, Texas.
Oil rises after signs of US demand, but supply threat remains
LONDON (Reuters) — Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of US demand halted the previous day's slide, although the prospect of oversupply in 2018 prompted yet more analysts to cut their price forecasts.
US proposes cutting total biofuels requirements in 2018
NEW YORK (Reuters) — The US government on Wednesday proposed to reduce the volume of biofuel required to be used in gasoline and diesel fuel next year as it signaled the first step toward a potential broader overhaul of its biofuels program.
AER issues order to Journey Energy following two crude oil emulsion spills
CALGARY, Alberta — The Alberta Energy Regulator (AER) has issued an order to Journey Energy Inc. (Journey) in response to two releases of an unknown amount of crude oil emulsion near Winfield, Alberta that was originally reported to the AER on June 28.
Delek US Holdings announces closing of the acquisition of Alon USA
BRENTWOOD, Tenn. — Delek US Holdings, Inc. announced the closing of the acquisition of the remaining outstanding shares of Alon USA Energy, Inc. common stock in an all-stock transaction. The close of this transaction became effective on July 1.
- 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
