Economics
Rosneft, Trafigura, UCP to buy stake in Essar Oil
Russian oil major Rosneft , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion.
US gasoline glut disappears as refiners tweak production
The US gasoline glut, which dominated discussions about the outlook for crude and fuel markets during the spring and early summer, quietly evaporated during August and September.
Glencore hopes for Moroccan refinery restart to recoup money
Glencore, one of the main creditors of Morocco's sole refinery, still has hopes the idled plant will restart so lenders can gradually recoup their money, despite repeated failures to get it up and running.
Axens files proposal to acquire Heurtey Petrochem
Axens has filed a voluntary takeover bid proposal with the AMF (French capital markets authority) to acquire the shares of Heurtey Petrochem.
BP to vigorously defend against Marathon suit
BP said it would vigorously defend itself against a federal civil suit by Marathon Petroleum alleging that it had failed to deliver a Texas oil refinery in the condition promised under a $2.4-B sales agreement.
US federal agencies ask for another pipeline construction pause
The US Army and Departments of Interior and Justice asked the company building the Dakota Access pipeline to voluntarily halt construction within 20 miles of a contested section of the proposed route.
Philadelphia Energy Solutions laying off nonunion workers
Philadelphia Energy Solutions Inc. has begun laying off nonunion workers at its Philadelphia refinery after the company fell short of a goal of trimming its workforce through voluntary buyouts.
Marathon sues BP for breach of contract in Texas oil refinery sale
Marathon Petroleum Corp. alleged BP failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4-B sales agreement signed in 2012, according to a federal lawsuit.
US Federal appeals court hears arguments over Dakota Access pipeline
Three federal appeals judges in Washington, DC, heard arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where the Standing Rock Sioux and other tribes say the project will desecrate sacred land.
New China refinery faces delay as Myanmar seeks extra oil tax
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation.
- 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
