Economics
S. Korea's GS Caltex buys North Sea Forties crude for January arrival
The narrowing of Brent's premium to Dubai swaps this month has prompted Asian refiners like GS Caltex to turn their attention to arbitrage crude from Europe.
HollyFrontier in the lead to acquire Petro-Canada lubricants
US oil refiner HollyFrontier Corp. is in advanced talks to acquire Suncor Energy Inc.'s Petro-Canada lubricants division for a little over $1 B.
Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers complete merger
Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers have finalized their merger to form the independent JV company, Hoover Ferguson Group.
SPIE to provide commissioning management support to KNPC Clean Fuels Project
SPIE Oil & Gas Services has been awarded a 5-year contract with Kuwait National Petroleum Co. under the Clean Fuels Project which is currently in the EPC phase of implementation.
Lyondell's Houston refinery draws bids from Aramco, Valero, Suncor
At least three firms including Saudi Arabian state oil giant Saudi Aramco have bid over $1 B for LyondellBasell's refinery in Houston.
UAE's ENOC to self-fund refinery expansion
Emirates National Oil Co. has decided it will self-finance the $1-B expansion of its Jebel Ali oil refinery.
Ivory Coast says to organize debt relief for state oil refinery
Ivory Coast will organize debt relief for the state oil refinery using public and private funds.
ExxonMobil boss, Saudi minister differ on oil investment outlook
ExxonMobil's CEO Rex Tillerson and Saudi Arabia's energy minister took opposing views on declining investment in the oil sector setting the stage for a possible major supply crunch.
Another quarter of weak results looms for US refiners
US independent refiners such as PBF Energy and Phillips 66 are expected to report another quarter of disappointing profits in coming weeks.
Chevron completes first bid round on British Columbia refinery
Chevron Corp. completed an initial round of bidding on its Burnaby, British Columbia, refinery as part of its plan to divest small refineries that are not considered core assets.
- 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
