Americas
BP accuses Monroe Energy of wrongfully terminating contract
NEW YORK (Reuters) -- BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in 2016, costing the oil major at least $59 MM in damages, according to a federal court filing.
Banned at sea: Venezuela's crude-stained oil tankers
HOUSTON/PUNTO FIJO, Venezuela (Reuters) -- In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.
PBF Logistics announces acquisition of Toledo terminal from Sunoco Logistics
PARSIPPANY, N.J. -- PBF Logistics LP announced that its wholly owned subsidiary has acquired the Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP for $10 MM. The Toledo Terminal is directly connected to and currently supplied by PBF Energy Inc.'s Toledo refinery.
Siemens opens doors to new facility serving Gulf Coast O&G industry
Siemens opened the doors of a new service center in Geismar, La, devoted to serving the region’s oil and gas industry, and related markets. Judy Marks, CEO for Siemens USA and Executive Vice President for New Equipment Solutions at the Dresser-Rand business, and Tim Holt, CEO for Siemens Power Generation Services Division, were among several senior executives who joined employees for a special ribbon cutting ceremony at the facility.
Oil slides as US pumps more, but OPEC and North Korea loom
LONDON (Reuters) -- Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.
Williams Partners to sell stake in petchem plant for $2.1 B
(Reuters) -- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46% of an olefins plant in Louisiana to Nova Chemicals for $2.1 B in cash.
Fairway begins operations at Houston crude oil storage facility
HOUSTON – Fairway Energy Partners, LLC announced that it has commenced initial commercial operation at its Pierce Junction Crude Oil Storage Facility. The project will serve the Houston area’s crude oil storage needs driven by the growth of pipeline-delivered crude oil into and through the Houston market.
Venezuela's PDVSA reactivates El Palito refinery alkylation unit
CARACAS (Reuters) -- Operations at the alkylation unit at Venezuelan state oil company PDVSA's El Palito refinery resumed on Sunday, according to the refinery's Twitter account.
Utah establishes gasoline and diesel refinery exemption
DALLAS -- Utah Governor Gary Herbert signed Senate Bill 197—effective Jan. 1, 2018—establishing an exemption for the purchase or lease of machinery, equipment, normal operating repair or replacement parts, catalysts, chemicals, reagents, solutions or supplies used or consumed by a refiner who owns, leases, operates, controls or supervises a refinery used to produce gasoline or diesel fuel.
US to launch probe into Argentina, Indonesia biodiesel imports
WASHINGTON/JAKARTA (Reuters) -- The United States said on Thursday it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidization.
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- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
