Americas
Marathon Petroleum explores spin-off for retail business Speedway
(Reuters) -- Marathon Petroleum Corp announced a series of steps to increase its stock price, including the possible separation of its Speedway retail business, amid pressure from hedge fund Elliott Management.
Refiner Delek to buy rest of Alon USA for $464 MM
(Reuters) -- Refiner Delek US Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas's prolific Permian basin.
NuStar bolsters services at Port Corpus Christi with $93-MM acquisition
CORPUS CHRISTI, Texas – In an asset purchase, which closed Dec. 21, NuStar Energy L.P. added throughput capacity at its Port of Corpus Christi facilities, now capable of handling over 200 MMbpy.
Oil business seen in strong position as Trump tackles tax reform
WASHINGTON (Reuters) -- Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices.
HollyFrontier completes maintenance at Navajo refinery
DALLAS -- HollyFrontier Corporation announced that unplanned fourth quarter maintenance on its Navajo refinery Catalytic Reforming Unit (CRU) has been completed.
Alpek signs agreement with Petrobras for acquisition of PTA-PET facilities
MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it signed a share purchase agreement with Petróleo Brasileiro S.A. for the acquisition of its 100% stake in Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco.
Oil down, but ends year with biggest gain since 2009
(Reuters) -- Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years.
EIA: US crude oil stocks rise, while products draw down
(Reuters) -- US crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the US Energy Information Administration said on Thursday.
France's Technip, Venezuelan firms tapped to refurbish Aruba refinery
ORANJESTAD/HOUSTON (Reuters) -- A consortium formed by France's Technip and Venezuela's Tecnoconsult and Y&V Group was picked to refurbish Aruba's 225,000-barrel-per day refinery, the Caribbean island's government said on Thursday.
Oil steady as rise in US inventory slows upswing
NEW YORK (Reuters) -- Oil prices steadied on Thursday after a surprise increase in US inventories helped stall an upward trend that has pushed global crude benchmarks to their highest levels since July last year.
- Fire at Russian petrochemicals plant kills at least three 4/2
- NH3 Clean Energy selects Linde to deliver FEED for the WAH2 project 4/2
- Phelan Green selects Honeywell process technology for flagship South African eSAF facility 4/2
- Metafuels secures Dutch government grant to advance Rotterdam eSAF project 4/2
- Topsoe partners with Hynfra P.S.A. to advance green ammonia in Jordan 4/2
- China calls for independent refiners to maintain fuel output amid war disruption 4/2
