Crude oil
Phillips 66 eyes additional rail capacity to transport North Dakota shale oil
Phillips 66 is ordering 2,000 railcars to transport oil from shale fields in North Dakota to refineries on the US coasts. The company currently refines about 100,000 bpd of shale oil but says it can handle 500,000.
Phillips 66 rethinks possible Louisiana refinery sale
Phillips 66 will decide by this summer whether to sell its refinery in Belle Chasse, La., said CEO Greg Garland. Phillips 66 has considered a sale of its Alliance refinery in Belle Chasse since December 2011, but is now rethinking the prospect amid falling prices for Light Louisiana Sweet crude oil, Garland said.
Brenntag buys Italy additives distributor Petrolube
German chemical distribution major Brenntag has signed an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. The deal strengthens Brenntag’s strategic relationship with Infineum, a manufacturer of specialty additives.
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HP Construction: Africa
ABB has started up a new lube-oil blending plant (LOBP) built by Oryx Lubrifiants Togo SA, an affiliate of Oryx Oil and Gas, part of the Addax and Oryx Group, in Togo, West Africa. Located in the free..
BP may sell stake in Russian crude venture TNK-BP
BP said Friday that it had received unsolicited indications of interest regarding the potential acquisition of its 50% stake in Russian crude oil venture TNK-BP. The company was formed in 2003 as the result of the merger of BP’s Russian oil and gas assets and the assets of Alfa Access Renova.
Motiva inaugurates major Texas refinery expansion
Executives of the companies that jointly own Motiva - Peter Voser, CEO of Shell, and Khalid Al-Falih, CEO of Saudi Aramco - turned the ceremonial valve commemorating the start of oil flowing through new processing units at the complex. The expanded refinery can process a wider variety of crude oils.
Shell to expand Athabasca oil sands as CEO sees Canada output growing
Shell will expand its Athabasca oil sands project by a third by the end of the decade, and Canada will make up a larger share of Shell's energy production over that period, CEO Peter Voser said. That would bring the project, in which Shell owns 60%, to at least 335,000 bpd of production.
Petrobras targets domestic market for refining unit
Costs associated with transporting oil products to hubs in Europe, the US and Asia make it less practical than using production domestically in Brazil, an executive said.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
