Americas
Argentina hikes ethanol blending rate in gasoline
Officials said that the latest ethanol measure would likely become effective from March or April. The ultimate aim was to raise the required blend of ethanol in gasoline to 15%.
PBF to buy four US refined product terminals
The terminals are near PBF Energy's refineries in Delaware City, Delaware, and Paulsboro, New Jersey. The acquisition will approximately double PBF's total system capacity.
API launches web tool to connect veterans with energy industry jobs
To better understand the long-term employment needs of the industry, a recent study from IHS Global estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.
LyondellBasell sells Argentine PP group Petroken
Petroken operates a 180,000-tpy plant in Ensenada and is a leading polypropylene (PP) producer in Argentina. The sale price is estimated at $184 million.
Shell postpones final decision on LNG Canada
The project, proposed by a JV of Shell, PetroChina, Kogas and Mitsubishi Corp., would initially consist of two 6.5 MMtpy LNG production trains with an option to expand with two more trains.
Global fuel demand growth slows as 2016 begins
The US transportation sector continues to send mixed signals about the strength of fuel demand at the end of 2015 and heading into 2016.
Valero reports gas emissions at Corpus refinery
The refinery cited a "compressor malfunction" as the cause of the emissions, according to an environmental filing. The plant said it "routed gas to authorized control device."
US refiner Marathon beats profit expectations as crack spread rises
Marathon Petroleum, which was spun off from Marathon Oil, said the crack spread increased to $6.65/bbl in the fourth quarter from $5.43/bbl a year ago.
US oil, gasoline inventories swell to record highs
US crude imports rose 647,000 bpd while refinery crude runs fell 24,000 bpd, as utilization rates fell by 0.8 percentage point to 86.6% of capacity.
Colombia questions cost overruns at Ecopetrol’s Cartagena refinery
The refinery, which opened in October amid fanfare and a visit by President Santos, has been the target of public wrath after the Comptroller's office found that costs rose to $8 billion, double the initial estimate, on contracts to vendors, project managers and a three-year delay in getting the refinery online.
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