Americas
Lubrizol selects Jacobs for EPC services at polyisobutylene unit
DALLAS -- Jacobs Engineering Group Inc. has been selected by Lubrizol to provide engineering, procurement and construction (EPC) services for Lubrizol’s new Polyisobutylene (PIB) unit in Deer Park, Texas.
US crude inventories fall, products build as refining jumps
(Reuters) -- US crude oil inventories fell sharply and stockpiles of gasoline and distillates jumped last week as refineries hiked production rates to the highest since November 2015, the Energy Information Administration said on Wednesday.
Daimler says diesel probes could result in penalties, recalls
FRANKFURT (Reuters) -- Daimler on Wednesday reiterated that recent steps by United States authorities to investigate diesel emissions pollution and so-called auxiliary emission control devices could lead to significant penalties and vehicle recalls.
Europe lures rare diesel cargoes from US East Coast
LONDON/NEW YORK (Reuters) -- US East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.
State prosecutors urge Trump not to withdraw from Paris accord
NEW YORK (Reuters) -- More than a dozen state prosecutors urged President Donald Trump in a letter on Tuesday not to withdraw from the Paris Climate Agreement, which commits the United States, along with 200 other countries, to reducing its greenhouse gas emissions in an attempt to slow global warming.
Cenovus shareholder seeks to halt purchase of ConocoPhillips assets
TORONTO (Reuters) -- A Cenovus Energy Inc shareholder has asked a Canadian regulator to halt the company's recent $12.6 B purchase of some ConocoPhillips assets, saying the new stock issued to help fund the deal has diluted the value of Cenovus shares.
OPTIMIZE ’17: Elevate, collaborate and innovate
HOUSTON -- Aspentech's user meeting kicked off Tuesday with live Irish music introducing the company’s CEO Antonio Pietri. His principal focus was a third solution portfolio—Asset Performance Management (APM)—being added to their Engineering and their Manufacturing & Supply chain solutions. Since OPTIMIZE 2015, they have spent $70 MM on acquisitions and $130 MM on internal R&D.
Oil dips on doubts over OPEC's ability to reduce inventories
LONDON (Reuters) -- Oil eased on Tuesday, paring earlier gains, as doubts about OPEC's ability to reduce global crude inventories put the price on track for its six fall in seven days.
Valero's results beat on strong demand for refined products
(Reuters) -- Valero Energy Corp reported better-than-expected results as sales in its refining business shot up 40%, helped by robust gasoline demand and declining refined product inventories in the United States.
US East Coast refiners eye Texas oil as North Dakota alternative
NEW YORK (Reuters) -- US East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.
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