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Reuters

Twenty potential bidders are interested in the refineries that Brazil’s state-controlled oil company Petroleo Brasileiro SA plans to sell Read more

Refining & Petrochemical Processing

Slated for completion by 2022, the refinery is expected to process up to 340,000 barrels per day of heavy crude oil. Read more

Engineering, Procurement & Construction

The waivers from the country’s biofuel laws were fewer than previous year’s and marked an increase in the number of petitions rejected Read more

Regulations

The IEA said global oil demand to May from January grew at its slowest since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war. Read more

Commodities

Oxy CEO 2.png

Courtesy Occidental Petroleum

The earlier-than-expected closing will give the company a head start to evaluate assets that it plans to sell to pay off debt supporting the acquisition. Read more

M&A/Investment

The vessel was intercepted near Iran’s Farsi Island in the Gulf. Read more

Commodities

enbridge.jpg

Photo courtesy Enbridge Inc.

Enbridge Inc. said it would invite bids for contracted space on its Mainline system. Read more

Pipeline/Transportation

Oil prices rose more than 2% on Friday, regaining some ground after their biggest falls in years. Read more

Commodities

The head of the U.S.  Environmental Protection Agency defended his agency’s expanded use of waivers exempting refineries from the country’s biofuel law during a closed-door meeting with farm state senators last week Read more

Regulations

The explosion shut a natural gas pipeline operated by Canadian energy firm Enbridge Inc. Read more

Emergency Response

ExxonMobil Baytown Refinery

Robert Seale © 2018 Robert Seale

Exxon Mobil Corp said on Thursday that production at its 560,500-barrel-per-day (bpd) Baytown, Texas, refinery has been reduced following a fire on Wednesday in the company’s adjoining olefins plant. Read more

Plant Management & Operations

The plant exported its first cargo in May, making it the fourth big LNG export terminal operating in the United States. Read more

Natural Gas/LNG

The deal marks the first acquisition of a U.S. shale gas developer by a Japanese company. Read more

M&A/Investment

The sustained downturn in margins will finally begin taking its toll as some producers run out of money and begin a host of austerity measures to weather the storm. Read more

Commodities

Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean fuel rules start in 2020. Read more

Refining & Petrochemical Processing

Oil prices edged higher on Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the U.S.-China trade war. Read more

Commodities

The company recently began offering voluntary early retirement to eligible employees. Read more

Training & Human Resources

OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions. Read more

Commodities

The Philadelphia Energy Solutions (PES) refinery was a consistent buyer of light sweet crude oil, and the backlog of cargoes bound for PES are either in limbo or in the process of being diverted to neighboring refineries and abroad. Read more

Refining & Petrochemical Processing

Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast. Read more

Plant Management & Operations

Double Eagle Energy Permian LLC is now worth nearly $3 billion. Read more

Industry Segments

  • Irving Oil

    REUTERS/Michael Hawkins

    Irving Oil

    Flames are visible at the scene of a major explosion and fire at the Irving oil refinery in Saint John, New Brunswick October 8, 2018.

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