Americas
Harmony, NextDecade agree to pursue merger valued at $1 B
New York, NY and The Woodlands, TX -- Harmony Merger Corp. and privately held NextDecade, LLC jointly announced that they have executed a non-binding letter of intent to merge, which would result in NextDecade becoming a publicly listed company. Harmony is a publicly traded special purpose acquisition company whose objective is to take a company public via reverse merger.
US judge denies tribe's request to stop oil flow in Dakota Access pipeline
WASHINGTON (Reuters) -- A US federal judge on Tuesday denied a request by a Native American tribe for an emergency injunction to prevent oil from flowing through part of the Dakota Access Pipeline, saying such a move would be against the public interest.
ABB Customer World: Preparing for the digital revolution
HOUSTON -- Collaboration and connectivity is key within the digital revolution ABB CEO Ulrich Spiesshofer said during the welcome keynote address Tuesday morning at ABB Customer World in Houston.
ABB Customer World: Intelligent projects model is the future of oil and gas project execution
HOUSTON -- Oil and gas projects have been conducted the same way for decades. According to ABB, 64% of projects face cost overruns and over 70% are reporting a schedule delay. This has inevitably led to the pursuit of rethinking the way oil and gas companies conduct projects. This idea was the main topic of Tuesday’s plenary session “Innovation in project execution is causing the chemical, oil and gas industry to think differently” at ABB Customer World 2017.
ABB Customer World: ABB unveils digital solutions portfolio, ABB Ability
HOUSTON -- ABB commercially launched ABB Ability at ABB Customer World 2017 in Houston this week, introducing customers to the new digital solutions portfolio that combines cutting-edge technologies to deliver impressive solutions and services that aid in solving a variety of potential complications faced in utilities, industry, transport and infrastructure.
OPEC says oil stocks still increasing, Saudis raise output
LONDON (Reuters) -- OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.
Oil edges off three-month lows, eyes on US inventory
LONDON (Reuters) -- Oil prices recovered modestly from three-month lows on Tuesday, with concerns persisting about rising US inventories and few clear signs that OPEC will extend supply curbs beyond June.
Colombian officials probed for overspending on Reficar refinery
BOGOTA (Reuters) -- Dozens of Colombian officials, including Finance Minister Mauricio Cardenas, are being investigated for overspending of about $6 billion during the renovation of state oil company Ecopetrol's refinery Reficar, the comptroller general's office said on Monday.
KPE to provide FCCU consulting services to Gulf Coast refiner
KP Engineering will provide process engineering services in support of a Cold Eyes Review of the Fluidized Catalytic Cracking Unit (FCCU) for one of the largest refineries in the Unites States.
Ethanol train derails in Iowa, catches fire with no injuries reported
NEW YORK (Reuters) -- More than two dozen tank cars hauling ethanol derailed Friday morning in northwestern Iowa, causing some to catch fire and sending an unknown volume of the biofuel into a nearby creek, officials said.
- BPCL plans $11-B refinery and petrochemical project in South India 12/26
- Mexico's new Olmeca refinery operated at 17% of capacity in November 12/26
- Relevant Industrial announces acquisition of Loy Instrument Inc. 12/26
- Indian state refiners may buy Middle East spot oil to replace Russian shortfall 12/26
- Stellantis unit to pay $4.2 MM to resolve California (U.S.) emissions probe 12/26
- Japan's Taiyo Oil to shut two CDUs at Shikoku refinery for maintenance 12/26
