Americas
Profits surge for US refiner Marathon Petroleum on strong crack spreads
Marathon's refining and marketing segment posted income from operations of $1.32 billion in the first quarter of 2015, compared with $362 million a year earlier. The increase was primarily due to higher US Gulf Coast and Chicago crack spreads and lower turnaround and other direct operating costs,
Phillips 66: Weaker NGLs trump refining strength
The NGL market environment negatively impacted results for Phillips 66, leading to lower earnings despite a significant increase within the company's refining business.
Chevron’s downstream business soars on higher refined product margins
“Downstream operations were strong, benefitting from lower feedstock costs and improved refinery reliability," said Chevron CEO John Watson.
FS-Elliott opens new US compressor service hub
FS-Elliott’s service center houses the global services group, a team of professionals responsible for providing a full portfolio of support including remote technical assistance, operation and maintenance training, and performance upgrades designed to further improve machinery operation.
OSHA to require new chemicals labeling system beginning this June
Starting June 1, OSHA will put in effect a new Globally Harmonized System of Classification and Labeling of Chemicals (GHS) standard. The new standard will improve communication of safety concerns and handling instructions.
Schneider Electric acquires LimeWare foxray software for automation
Schneider Electric's acquisition of LimeWare provides foxray software to help customers pinpoint and address critical industry challenges, the company said.
Specialty chemicals firm Solenis opens new world headquarters in Delaware
The headquarters will accommodate 120 employees supporting a variety of corporate functions for the specialty chemicals company, which was previously known as Ashland Water Technologies.
CERAWeek ’15: GE leader sees strong momentum for small-scale LNG
Hasan Dandashly, president and CEO of Downstream Technology Solutions for GE Oil and Gas, spoke to us about the role of small-scale LNG in the evolving natural gas marketplace and the opportunities for implementing small-scale gas processing in different world regions.
Shintech commits to new US Gulf ethane cracker, contracts Toyo, CB&I
The new facility will use the licensed ethylene technology by Lummus Technology. The produced ethylene will be supplied as feedstock to Shintech’s existing PVC resin production facilities.
Gas leak at Georgia refinery leads to one worker death, three injuries
The accident started when a worker at the refinery went into cardiac arrest. As he was being helped, a vent was somehow opened, which released the hydrogen sulfide gas.
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