Americas
Valero Port Arthur refinery shuts large CDU, coker
Valero Energy Corp. shut the large crude distillation unit and a coking unit at the 335 Mbpd Port Arthur, Texas, refinery as part of an ongoing plant-wide overhaul.
Brazil's Petrobras to exit biofuels production
Brazil's state-controlled oil company Petróleo Brasileiro SA said it will exit the biofuels sector, as the heavily indebted company seeks to prioritize investment in crude oil and gas production.
Callidus Technologies inaugurates flare testing facility
Callidus Technologies has inaugurated a new facility for the testing of gas combustion flares at its manufacturing facility in Beggs, Oklahoma.
Curacao inks deal with China firm to run Isla refinery
The government of Curacao has signed a preliminary agreement with China's Guangdong Zhenrong Energy to operate the aging Isla refinery and invest some $10 B to upgrade the facility.
Hedge funds pile into gasoline amid pipeline, refinery woes
Money managers have amassed their largest bullish position in US gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring.
CVR’s Wynnewood refinery to receive SCOOP crude from new pipeline
Velocity Midstream has entered into definitive agreements with CVR Refining for the construction of a pipeline and terminal directly linking the fairway of the South Central Oklahoma Oil Province to CVR’s Wynnewood refinery.
Tripwire conducts study regarding IT confidence in industrial cyber security
A study conducted for Tripwire by Dimensional Research, evaluated the confidence of IT professionals regarding the efficacy of seven key security controls, which must be in place to quickly detect a cyber attack in progress.
Koch acquires process optimization solution provider EFT Energy
Koch Industries acquired EFT Energy, a software-as-a-service and solutions provider in the fields of industrial and manufacturing predictive analytics, process optimization, and industrial and commercial energy management.
EIA: Regional refining capacity makes US major importer and exporter of gasoline
The US simultaneously imports and exports gasoline, because of regional differences in gasoline supply and demand balances.
Easy resolution unlikely for contentious Dakota pipeline
Rerouting a long-anticipated pipeline in North Dakota would be a laborious and costly task, delaying startup by months and provoking further opposition from Native American and environmental groups.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- European Commission unveils plan to drop ICE ban in the EU 12/18
