Americas
Honeywell introduces real-time SCADA as a secure and scalable service
SAN ANTONIO, Texas — Honeywell Process Solutions (HPS) announced the launch of Experion Elevate, a real-time process supervisory control and data acquisition (SCADA) solution delivered as a secure and scalable service.
EIA: Growing octane needs widen price difference between premium, regular gasoline
The difference between US average retail prices for premium and regular gasoline reached 50 cents/gal in late 2016, and it has remained near that level so far in 2017. This price difference, or spread, has been generally increasing since 2000. Many factors on both the supply and demand sides are influencing this trend.
Report: Oil firms could waste trillions if climate targets reached
LONDON (Reuters) — Energy giants including ExxonMobil and Royal Dutch Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met, a thinktank report shows.
ExxonMobil, Synthetic Genomics report breakthrough in algae biofuel research
IRVING, Texas & LA JOLLA, Calif — ExxonMobil and Synthetic Genomics Inc. announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth.
Kirby signs agreement to purchase inland tank barges, towboats
HOUSTON — Kirby Corporation announced the signing of an agreement to purchase certain inland marine assets from an undisclosed competitor for $68 MM.
EIA: US refineries are running at record-high levels
Gross inputs to US petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 MMbpd for the week ending May 26, before dropping slightly to 17.5 MMbpd for the week ending June 2 and 17.6 MMbpd for the week ending June 9. Product supplied to the US market as well as inventories and exports are also at relatively high levels.
Oil prices hit seven-month lows on global oversupply
LONDON (Reuters) — Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend which has undermined attempts by OPEC and other producers to support the market through reduced output.
Petrobras settles US lawsuit with The Vanguard Group
SAO PAULO (Reuters) — Brazil's state-run oil company Petróleo Brasileiro SA on Monday said its board has approved a settlement to end an United States-based lawsuit opened by some affiliates of The Vanguard Group, one of its largest shareholders.
HUG '17: Honeywell Process Solutions Users Group meeting
Honeywell Process Solutions (HPS) is holding media/analyst briefings each day of their Honeywell Users Group 2017 meeting.
Chevron Phillips marks milestone of its $6 B US Gulf Coast petchem project
Chevron Phillips Chemical Company LP announced that the two polyethylene (PE) units of its $6 B petrochemical investment on the US Gulf Coast successfully achieved the major milestone of mechanical completion.
- 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
