Americas
Global: Russian oil majors eye Western expansion
Amid declining profits in the domestic market, Russia’s national oil company and leading oil producer, Rosneft, is considering expanding in the European Union (EU) and US refining markets.
Editorial Comment: Is the industry ready for IMO 2020?
In mid-July, hydrocarbon processing industry (HPI) professionals from around the world met in Houston, Texas for Hydrocarbon Processing’s International Petrochemical and Refining Conference (IRPC).
Honeywell completes acquisition of cyber security company
MORRIS PLAINS, N.J. — Honeywell announced that it has completed its acquisition of Nextnine Ltd., which was announced on June 13.
Refiner Phillips 66 quarterly profit beats estimates
(Reuters) — US independent oil refiner Phillips 66 reported a bigger-than-expected rise in quarterly profit helped by strength in its chemicals and refining units.
Icahn's biofuel bet faces significant headwinds
NEW YORK (Reuters) — Billionaire investor Carl Icahn's multimillion-dollar bet against US biofuel prices is looking increasingly risky in the wake of a Friday court ruling that will likely boost the cost of complying with the program.
MMEX Resources Corp. announces land acquisition for Pecos County refinery project
FORT STOCKTON, Texas — MMEX Resources Corp., a development-stage company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced a purchase of 126 acres in Pecos County, Texas for the construction of its Phase I 10,000 bpd crude distillation unit near Fort Stockton, Texas.
Oil near two-month high as producers set to meet again
LONDON (Reuters) — Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of US sanctions against Venezuela.
US court decision may boost biofuels, hit refiners
NEW YORK (Reuters) — The US government may have to require more biofuels to be blended into the country's fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets.
US oil sale ban to Venezuela's PDVSA would hit refining, blending
HOUSTON (Reuters) — Potential US sanctions on sales of light crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state-run firm and Thomson Reuters data.
Strobel Energy Group to design, construct Prairie Catalytic ethyl acetate facility
CLARKS, Neb. — Strobel Energy Group announced that it has executed an Engineering, Procurement and Construction (EPC) agreement with Prairie Catalytic, LLC, a subsidiary of Greenyug, LLC, to design and construct its commercial scale Bio-Ethanol to Ethyl Acetate facility in Nebraska. Ethyl Acetate is a specialty solvent used extensively in products such as paints, coatings, pharmaceuticals, adhesives and a variety of consumer goods.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
