Americas
Mexico orders expropriation of Air Liquide plant at Pemex oil refinery
Mexico's government has ordered the expropriation of a hydrogen plant at a Pemex oil refinery that was sold to French company Air Liquide during the previous administration, after officials ordered a temporary occupation of the facility last December.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
Phillips 66 reports fire at its Billings, Montana, refinery
Phillips 66, said there was a fire at its 60,000-bpd Billings, Montana, refinery which resulted in visible smoke.
Plant's coal exit affirms Solvay’s commitment to pursue sustainable operational practices
From the entrances of its Green River, Wyoming soda ash plant and Brussels headquarters, Solvay leaders announced the successful completion of the North American-based facility’s coal phase-out initiative.
Investors dump oil after U.S. refinery shutdown
Portfolio investors abandoned hope for an early rally in crude prices after a site-wide electricity failure caused an unexpected shutdown in production at bp’s refinery at Whiting in Indiana on Feb. 1
U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuel makers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.
Shell discloses $14-B cost for petrochemical plant, more than double street estimates
Royal Dutch Shell revealed during its recent fourth-quarter earnings call that the construction costs of its petrochemical plant have surged by 130%, surpassing the original estimate.
LLumin and eschbach partner for integrated team communications in enterprise asset management and plant maintenance
LLumin and eschbach announce their partnership to deliver the first rules-based, action-triggering, bi-directional communicating CMMS solution that seamlessly integrates with Shiftconnector, a comprehensive plant process management solutions for process manufacturers.
Louisiana (U.S.) Governor Jeff Landry announces bond allocation for Chevron’s Geismar renewable diesel plant
Governor Jeff Landry announced a $100 MM bond allocation for the expansion project at Chevron’s Geismar Renewable Diesel Plant at the Louisiana Mid-Continent Oil and Gas Association’s annual conference.
U.S. crude stocks rise, gasoline and distillate inventories fall
U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration reports.
- Emirates Biotech selects Sulzer Technology to build polylactic acid production facility 12/18
- Bureau Veritas, Samsung Heavy Industries partner to develop CCS solutions 12/18
- Indonesia's higher biodiesel mandate rollout may be gradual, industry watchers say 12/18
- Major Asian oil exporters close 2025 diesel sales at lower levels vs. 2024 12/18
- Russia's December idle oil refining capacity revised up 35% 12/18
- China's gasoline exports surge in November ahead of tax rebate change 12/18
