-Quantum Energy has secured a site in North Dakota on which to build a 20,000-barrel-per-day oil refinery. The company signed a purchase agreement with Northstar Transloading to buy 80 acres adjacent to the Northstar transload in East Fairview, N.D. Quantum will produce 7,000 barrels of diesel per day from Bakken crude and market the diesel in the Bakken region.
-Foster Wheeler agreed to buy a division of Siemens Energy that supplies clean air technologies to power plants and industrial facilities. The purchase includes the assets of the former Wheelabrator Air Pollution Control Co. and the Advanced Burner Technology Co. Foster Wheeler said in a statement it does not expect the acquisition to interrupt the timing of its impending merger with AMEC. AMEC in February entered an agreement to buy Foster Wheeler for $3.3 billion.
-The American Fuel and Petrochemical Manufacturers joined two other groups in asking the Supreme Court to review California’s Low Carbon Fuel Standard. Platts on Thursday reported two groups representing the ethanol industry petitioned the high court to review the law.
-Federal regulators approved a plan by Energy Transfer Partners to build a natural gas pipeline from Texas to Mexico. The proposed pipeline would stretch from Hidalgo County, Texas, to an area near the city of Reynosa in the Mexican state of Tamaulipas. It would be built and operated by Houston Pipe Line Co., a subsidiary of Energy Transfer Partners.
-CONSOL Energy today announced company president Nicholas J. Deluliis would become its new CEO in May. Current CEO J. Brett Harvey will become executive chairman of CONSOL Energy. Harvey, who has been CEO since 1998, oversaw CONSOL Energy’s IPO in 1999 and steered its market value growth to approximately $9 billion. Deluliis is a 23-year veteran of the company who has served as president since 2011. Deluliis also served as president and CEO of CNX Gas Corp. from 2005 to 2009.
