Crude oil
Eni unveils strategic plan
Eni today presented the company's 2011-2014 strategic plan to the financial community in London. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M.
KiOR signs offtake agreement with Hunt Refining for renewables
KiOR has signed an offtake agreement with Hunt Refining. Hunt has agreed to purchase renewable gasoline and diesel blendstocks and fuel oil produced at KiOR’s first commercial facility to be located in Columbus, Mississippi. In addition to the offtake of renewable fuel blendstocks, the two companies have agreed to collaborate on information and resources aimed at optimizing the performance of their products and services.
Offshore logjam breaking as oil field services sector rebounded in 2010
Strong oil prices and rising E&P budgets leading continued strong oil field services activity and improving financial performance is predicted in 2011.
CERAWeek 2011 begins in Houston today
In Houston, Texas, energy executives worldwide have gathered for the 30th CERAWEEK conference.
BP speaks up at CERAWeek
Robert Dudley, Chief Executive, BP plc, addressed the 2011 CERAWeek congress with a message of a new era and new responsibilities for the energy industry.
CHS investing $26 million in refined fuels infrastructure
CHS Inc., an energy, grains and foods company, announced today it is investing $26 million in enhancements to strengthen its refined fuels supply infrastructure in the northern plains region of the US.
Sunoco completes sale of Toledo refinery
Sunoco, Inc. announced it has completed the previously announced sale of its refinery in Toledo, Ohio ,to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC.
RINA coordinates EU information highway development
International classification society RINA is coordinating, on behalf of the Italian Ministry of Transport, a €16 million EU-funded project to develop a new information highway for shipping and logistics.
Neste Oil and ADNOC partner in VHVI base oils
Finland's Neste Oil and Abu Dhabi National Oil Co. (ADNOC) have entered into a partnership concerning very high viscosity index (VHVI ) base oils.
Oil futures drop on Feb. 24 leaving behind a 28-month high
As MarketWatch reported in a piece yesterday, Crude oil traded as high as $103.41 a barrel Thursday, Feb. 24, as supply disruptions in Libya and fears of contagion among other countries in the Middle East and North Africa spooked investors
- BASF’s Intermediates division produces entire portfolio of acid chlorides and chloroformates at its Ludwigshafen site using renewable electricity credits 3/23
- ANDRITZ to supply refining technology for cellulosic ethanol pilot plant in the U.S. 3/22
- Brazilian city trials new biofuel aimed at replacing diesel entirely 3/22
- South Korea to review restructuring plan for largest petrochemical complex 3/22
- Shell says Pearl GTL facility's train two in Qatar requires around a year for full repair 3/22
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years 3/22
