Americas
Despite alliance, Russian shipper holds Venezuela oil hostage over debts
ST. EUSTATIUS/HOUSTON (Reuters) -- Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 MM—money the crisis-stricken nation desperately needs.
Nebraska farmers could derail Keystone XL pipeline
NELIGH, Nebraska (Reuters) -- When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project "with efficiency and with speed."
Dominican Republic ratifies terms of Odebrecht's $184-MM plea deal
SAO PAULO (Reuters) -- A judge in the Dominican Republic on Wednesday approved terms of a $184 MM fine on Odebrecht SA, which sought a plea deal after admitting to bribing officials to win contracts in the country.
Trump's EPA to reconsider oil and gas emissions rule
WASHINGTON (Reuters) -- The US Environmental Protection Agency will reconsider a rule on greenhouse gas emissions from oil and gas operations and delay its compliance date, the agency said on Wednesday in the Trump administration's latest move to reduce regulations.
ExxonMobil, SABIC select location for proposed petchem project on US Gulf Coast
HOUSTON -- ExxonMobil Chemical Company and SABIC each announced the selection of a site in San Patricio County, Texas for potential development of a jointly owned petrochemical complex on the US Gulf Coast.
Hastings Equity ventures into downstream sector, acquires Specialty Welding and Turnarounds
HOUSTON -- Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy services and equipment companies, is pleased to announce its seventh Fund III platform investment in Specialty Welding and Turnarounds, LLC.
White House meeting on Paris climate deal postponed
WASHINGTON (Reuters) -- A White House meeting that was to help determine whether the United States should withdraw from the Paris climate accord has been postponed, an administration official said on Tuesday.
Loblaw to sell gas station business for $402 MM
(Reuters) -- Canadian grocery and pharmacy retailer Loblaw Cos Ltd said on Wednesday it would sell its gas station business to asset manager Brookfield Business Partners LP for about $402.17 MM.
Petrobras opposes Brazil plan to boost biofuels after selloff
SAO PAULO (Reuters) -- Brazil's state-controlled oil company Petróleo Brasileiro SA has expressed strong opposition to a government-led program to increase the use of biofuels following its recent decision to completely withdraw from the sector.
Parkland Fuel to buy Chevron Canada's downstream fuel business
(Reuters) -- Chevron Corp, the second-largest US-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp, a marketer of petroleum products, for $1.09 B.
- 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
