Americas
Oil comeback for cut-exempt producers threatens to swamp OPEC
LONDON (Reuters) — OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
Syncrude Canada makes further cuts to June output forecast
CALGARY, Alberta/NEW YORK (Reuters) — Canadian synthetic crude differentials strengthened on Thursday, as market sources said June production forecasts at the Syncrude oil sands project in northern Alberta were trimmed yet again.
MRC Global renews global PVF contract with Chevron
HOUSTON — MRC Global Inc. announced that it has extended its worldwide master contract with Chevron Corporation for seven more years. The contract allows them to provide pipe, valve and fitting (PVF) products and services to Chevron Corporation's global operations and project work.
Petrobras denies Brazil govt meddling in LPG pricing move
RIO DE JANEIRO (Reuters) — The Brazilian government is not meddling in pricing decisions by state-controlled oil producer Petróleo Brasileiro SA, which on Wednesday kept cooking gas out of a pricing system based on international parity.
Oil pipeline protester convicted of burglary in Washington state
(Reuters) — A climate-change activist who disrupted the flow of millions of barrels of crude oil into the United States as part of a coordinated protest of global warming was found guilty of burglary in Washington state on Wednesday. But a Skagit County Superior Court jury deadlocked on a second charge of sabotage against Kenneth Ward, a co-founder of the Climate Disobedience Center.
Chevron Phillips completes PAO capacity expansion at Texas plant
Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) announced today it has successfully completed a low viscosity polyalphaolefins (PAO) capacity expansion at its Cedar Bayou plant in Baytown, Texas.
EIA: US remains the world’s top producer of petroleum, natgas hydrocarbons
The US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
AI company, Beyond Limits, secures $20 MM investment from BP Ventures
PASADENA, Calif. — Beyond Limits, an artificial intelligence (AI) and cognitive computing company, today announced it has secured $20 MM in Series B funding from BP Ventures, the corporate investment arm of global energy business, BP.
MAN Diesel to acquire 40% of Aspin Kemp & Associates
MAN Diesel & Turbo has contractually agreed to acquire a 40% participation in Aspin Kemp & Associates (AKA). AKA is a Canadian company, based in Montague, Prince Edward Island (PEI) which specializes in power supply, energy management and drive systems for marine applications. The company employs around 120 persons at five locations around the world and about 100 people in its PEI locations.
Indonesia's Pertamina to delay some refinery projects over financing
JAKARTA (Reuters) — Pertamina plans to delay some refinery upgrades and a new project, including ventures involving Rosneft and Saudi Aramco, due to financing issues, the Indonesian state oil company said on Tuesday.
- 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
