Project Management
Phillips 66 to acquire publicly held common units of DCP Midstream, LP
Phillips 66 and DCP Midstream, LP announced that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit.
Chevron to send 500,000-barrel cargo of Venezuelan oil to its Pascagoula refinery
U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters.
Sponsored Content: How can we deliver one of the fuels of the future?
The world needs more energy than ever before. Which means we need a sustainable system that can meet these growing demands, whilst also addressing CO2 emissions and the overall impact on the environment.
Decarbonization is at the forefront of environmental innovation
Earth’s carbon dioxide levels have increased appreciably within the last several decades, which directly correlates to rising environmental concerns of GHG emissions, pollution and disruptions of marine and terrestrial environments, among others.
China's Sinopec appoints new chief for trading arm Unipec
Chinese refining giant Sinopec Corp has appointed Zhong Fuliang, vice president of its trading arm Unipec, as the new managing director of the unit, according to a company representative.
2022 SAF production increases 200%
The International Air Transport Association (IATA) estimates that SAF production will reach at least 300 MM liters in 2022—a 200% increase on 2021 production of 100 MM liters.
Oman's OQ, Kuwait Petroleum International and SABIC plan petrochemicals complex
Oman's state energy company OQ has signed an agreement to develop a petrochemicals complex in the Duqm economic zone with Kuwait Petroleum International and Saudi Basic Industries Corp.
API, AMEXHI and IOGP renew MoU to strengthen collaboration in Gulf of Mexico
The MoU establishes a stronger partnership and coordination among the three associations, including joint forums.
Tanker rates for refined petroleum products reach multiyear highs during 2022 (1)
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.
Strike action to resume at Exxon Mobil’s UK Fawley oil refinery in January
Strike action at Exxon Mobil’s 270,000 bpd Fawley oil refinery in southern England is set to resume on Jan. 9, a GMB union spokesperson said this week.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
