Americas
US top court hands Chevron victory in Ecuador pollution case
WASHINGTON (Reuters) — The US Supreme Court on Monday handed a victory to Chevron Corp by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment issued against the oil company by a court in Ecuador.
Velocys commercial-scale biorefinery plans move forward
Velocys plc announced that the US Department of Agriculture (USDA) has invited Velocys to submit a Phase II Application to obtain a loan guarantee for a commercial-scale biorefinery. This invitation was made after a successful Phase I Application process. The loan guarantee could apply to up to $200 MM of debt as part of the total installed cost of the project.
Kinder Morgan Canada raises $4.6 B as Trans Mountain faces block
CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd has raised $4.16 B for its Trans Mountain pipeline expansion and could have raised even more, the company said on Friday, despite pressure on banks to back away from the project.
Fire at Mexico's Salina Cruz refinery has been put out
MEXICO CITY (Reuters) — A fire that completely shut down Mexico's Salina Cruz oil refinery has been put out but operations have yet to be restarted, state-owned petroleum company Pemex said on Friday.
MMEX Resources announces plans for initial 10 Mbpd Permian Basin refinery
AUSTIN, TEXAS — MMEX Resources Corp., a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced an agreement with Crown Bridge Partners, LLC for an issuance of up to $3 MM of equity securities, as well as plans to build a 10,000 bpd crude distillation unit near Fort Stockton, Texas as an initial unit for the $450 MM, 50,000 bpd Pecos County refinery project announced by MMEX earlier this year.
Flowchem sale to specialty chemicals company KMG completed
NEW YORK — Arsenal Capital Partners completed the previously announced sale of its portfolio company Flowchem, a manufacturer of pipeline performance products, to KMG, a global provider of specialty chemicals, for $495 MM.
Shareholders approve all-share offer by Wood Group for Amec Foster Wheeler
Shareholders of Wood Group and Amec Foster Wheeler overwhelmingly approved Wood Group’s recommended all-share offer for Amec Foster Wheeler. The deal remains subject to relevant clearances from competition authorities in certain countries where both companies operate. It is expected that the transaction will complete in the fourth quarter of 2017.
Oil hits six-week low as OPEC fails to curb oversupply
LONDON (Reuters) — Oil prices dropped to six-week lows on Thursday, under pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts.
Brazil's Petrobras cuts gasoline and diesel prices
SAO PAULO (Reuters) — Brazil's state-controlled oil company Petroleo Brasileiro SA reduced on Wednesday its average prices at refineries by 2.3% for gasoline and 5.8% for diesel, the company said in a securities filing.
Synthetic crude rises on extended Syncrude oil sands cuts
CALGARY, Alberta (Reuters) — The price of oil sands synthetic crude strengthened on Wednesday after the majority owner in the Syncrude oil sands project in northern Alberta said maintenance on the facility had been extended.
- 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
