Economics
Cost cuts help refiner Valero beat profit estimate
Valero Energy Corp.'s quarterly profit beat analysts' estimate by a wide margin, as the largest independent US refiner kept a tight leash on costs.
Total, Glencore and Gunvor bidding for Chevron's South African assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery.
Angola becomes China's biggest oil supplier in September
Angola became China's largest crude supplier for the second time in September, taking the top position from Russia.
Saudi Aramco denies bidding for Lyondell's Houston refinery
Saudi Arabian state oil giant Saudi Aramco denied it had bid for the purchase of LynodellBasell Industries NV's refinery in Houston.
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.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
