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Scientific Design awards Indian Oil MEG plant license

LITTLE FERRY, New Jersey -- Scientific Design Company, Inc. (SD) today announced that Indian Oil Corporation LTD. Has selected SD’s MEG technology for their complex in Paradip, Odisha, India.

Amec Foster Wheeler awarded auxiliary boiler contract for US methanol plant

Amec Foster Wheeler announces today that its Global Power Group has been awarded a contract and received a full notice to proceed from Yuhuang Chemical Inc., a US-based subsidiary of Shandong Yuhuang Chemical Company Ltd, for the supply of an auxiliary boiler for its methanol facility currently under construction in Louisiana.

Lured by discounts, US East Coast refiners snatch up Brazilian crude

NEW YORK/HOUSTON (Reuters) -- US East Coast refiners are on a Brazilian crude buying spree, market sources say, displacing West African cargoes as producers such as Royal Dutch Shell and Norway's Statoil sell rising output from fields off Brazil's coast.

Magellan says less diesel spilled in Iowa than estimated

(Reuters) -- Magellan Midstream Partners on Tuesday said about 1,100 barrels of diesel had spilled from one of its refined products pipelines in Worth County, Iowa last week, lower than its earlier estimates.

Army Corps of Engineers to give easement to Dakota Access Pipeline

(Reuters) -- The Army Corps of Engineers will proceed with the easement needed to complete the Dakota Access Pipeline, US Senator John Hoeven of North Dakota said in a statement on Tuesday.

Marathon Petroleum's profit beats; says to speed up asset transfer

(Reuters) -- Marathon Petroleum Corp reported a higher-than-expected quarterly profit and said it would speed up the transfer of assets to its unit, MPLX LP.

Valero says record biofuels compliance costs to continue in 2017

NEW YORK (Reuters) -- Valero Energy Corp on Tuesday signaled that record high costs to comply with the US renewable fuels program will continue this year, after the oil refiner was hit with a ballooning tab for the program in 2016.

Honeywell to provide largest Oleflex unit in Europe for Borealis AG

DES PLAINES, Ill. -- Honeywell announced that Borealis AG selected Honeywell UOP's process technology for a proposed plant in Kallo, Belgium, that converts propane into propylene, a primary ingredient for making plastics.

Imperial Oil profit boosted by asset-sale gain

(Reuters) -- Imperial Oil Ltd, majority owned by ExxonMobil Corp, reported a sharp rise in fourth-quarter profit, helped by a gain from the sale of its service stations.

Venezuela's Paraguana refineries at 42% of capacity

(Reuters) -- Venezuela's Paraguana refining complex was operating at about 42% of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system.