-Total is seeking a buyer for a 50% stake in its Port Arthur, Texas, refinery. The French firm has been trying to reduce its downstream exposure in recent years. Total plans to remain as operator of the site if it finds a buyer. The transaction could be worth approximately $188 million based on other recent deals in the refining sector.
-Phillips 66 restored power to its Alliance refinery in Belle Chasse, Louisiana, after a brief outage on Thursday. Via Reuters, there were no injuries as a result of the outage. The local utility provider is investigating the cause.
-Enterprise Products Partners completed the sale of its offshore Gulf of Mexico business to Genesis Energy. Enterprise CEO Michael Creel said his company would use the $1.5 billion in proceeds from the sale to fund growth projects in the Eagle Ford and Permian regions.
-Fairway Energy Partners secured funding to begin work on what will be one of the largest crude oil storage facilities in the Gulf Coast, FuelFix reports. The Pierce Junction storage facility project will see the conversion of three underground salt caverns in southwest Houston to oil storage. Fairway expects the facility to be in service by the end of next year.
-Celanese Corp. named Chris Jensen chief financial officer — a role he has held on an interim basis since May 2014. A 10-year veteran of Celanese, Jensen has also served as senior vice president of finance and global business services, treasurer, controller and assistant controller. Prior to joining Celanese, Jensen worked at the Public Company Accounting Oversight Board and Pricewaterhouse Coopers.
