Economics
Idemitsu says still unable to talk to founding family on Showa Shell takeover
Japanese refiner Idemitsu Kosan Co. said it was still unable to talk to its founding family which is opposed to the firm's plans for a takeover of smaller rival Showa Shell Sekiyu.
Saudi crude will continue to be supplied to PKN ORLEN refineries
PKN ORLEN has extended its contract with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania until December 31, 2017.
Use a mixed-solvent process to boost lube base oil yields and profitability
Through research and development (R&D), the commercial application of a mixed-solvent (MS) approach using a mixture of different co-solvents resulted in higher lube raffinate yields without affecting the lube oil quality.
People
Abdulaziz F. Alkhayyal has been elected to the board of directors of Marathon Petroleum Corp., increasing the board’s size to 11.
Pentair Valves & Controls facilitates total cost of ownership improvements
Pentair is working with major chemical and petrochemical companies around the world to promote and implement standardization programs and processes with the goal of increasing efficiency and reducing total cost of ownership in areas such as procurement, installation, and maintenance of valves and controls equipment, and inventory control processes across multiple plant sites.
Uganda says refinery talks terminated, in talks with new potential investors
Talks to build an oil refinery in Uganda with a consortium led by Korea's SK Engineering have collapsed, but the East African nation still hopes to find a lead investor for the project by year end.
Chevron Wheatstone LNG cost blowout to $34 B hits Woodside
Woodside Petroleum faces an 8% rise in its expected costs on the Wheatstone LNG project in Australia, after operator Chevron Corp. flagged total costs would jump to $34 B.
HollyFrontier to acquire Suncor Energy's Petro-Canada lubricants business
HollyFrontier has entered into a definitive agreement to acquire Suncor Energy's Petro-Canada Lubricants business.
GE and Baker Hughes to create fullstream digital industrial service company
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create a world-leading oil and gas technology provider with a unique mix of service and equipment capabilities.
ExxonMobil warns low oil prices may dent reserves nearly 20%
Exxon Mobil Corp. warned it may need to slash proved reserves on its books by nearly 20% if oil prices stay low for the rest of 2016.
- 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
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
