Americas
EIA: US crude oil stocks build for seventh straight week
NEW YORK (Reuters) -- US crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday.
Tallgrass Energy pipeline to build connection to Holly Frontier refinery
LEAWOOD, Kan. -- Tallgrass Energy Partners, LP announced that Pony Express Pipeline has reached an agreement with Holly Frontier Corporation and its affiliates to build facilities to connect Holly Frontier’s refinery complex in El Dorado, Kansas to the Pony Express Pipeline.
Philadelphia Energy Solutions taps its COO to lead company
NEW YORK (Reuters) -- Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday.
Big Corn courts old foe Big Oil to combat electric car threat
SAN DIEGO (Reuters) -- A US biofuels lobbying group on Tuesday said it is seeking to work with longtime rival the oil industry to fight the threat to both from subsidies for electric vehicles.
Brazil's Braskem cuts capex after fine hits earnings
SAO PAULO (Reuters) -- Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing.
Enterprise chooses Honeywell UOP technology for new Texas petchem plant
DES PLAINES, Ill. -- Honeywell announced that Houston-based Enterprise Products Operating LLC has chosen Honeywell UOP's C4 Oleflex technology to produce 425,000 mtpy of isobutylene, which is used to make high-octane fuel and high-performance synthetic rubbers and acrylics.
Refiner HollyFrontier reports smaller-than-expected loss
(Reuters) -- US refiner HollyFrontier Corp reported a smaller-than-expected loss as cost cuts partially offset a decline in refining margins.
Trump seeks to quell ethanol industry worry as Pruitt enters EPA
SAN DIEGO (Reuters) -- President Donald Trump on Tuesday assured ethanol industry advocates of their importance in US energy strategy in an apparent bid to quell concerns over potential changes to policies that mandate the use of such renewable fuels.
Veracity tapped by US DOE to develop next-gen network security
ALISO VIEJO, CA -- Veracity Industrial Networks, a developer of next-generation Operational Technology (OT) network cybersecurity for the industrial internet, announced that it is part of a three-company team tapped by the US Department of Energy to develop a secure networking solution that reduces cyberattacks against US industrial and utility networks.
Oil rises as OPEC aims for deeper output cuts
LONDON (Reuters) -- Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.
- Shell shuts down Singapore oil processing unit to investigate leak 12/27
- Peru declares environmental emergency after oil spill 12/27
- New York (U.S.) to fine fossil fuel companies $75 B under new climate law 12/27
- 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
