Crude oil
PDVSA awards Foster Wheeler with design deal for new refinery in Venezuela
Foster Wheeler has been awarded a process design and front-end engineering design (FEED) services contract by PDVSA for the new Batalla Santa Ines refinery Phase I hydroskimming section to be built in Barinas, Venezuela.
US refiners Holly, Frontier complete merger
HollyFrontier on Friday announced the completion of the merger of Holly Corp. and Frontier Oil Corp. The merger combines two leading independent refiners to create the most profitable (on a per barrel basis) independent refiner in the US, the companies said.
Marathon finalizes spinoff of downstream business
Marathon Oil has completed the spin-off of its downstream business, making Marathon Oil an independent upstream company and Marathon Petroleum the fifth-largest US crude oil refiner, the companies said on Friday.
July 4 travel likely to fall in US amid high fuel costs, reducing gasoline demand
The American Automobile Association (AAA) forecasts 39 million Americans will travel 50 miles or more from home during the Independence Day holiday weekend, a 2.5% decline from the 40 million people who traveled a year ago.
Valero acquires two Chevron product terminals in Kentucky
Valero Terminaling and Distribution Co., a subsidiary of Valero, has successfully completed the acquisition of Chevron’s product terminals in Louisville and Lexington, Ky., for an undisclosed amount.
Sunoco Logistics to buy US East Coast terminals from Sunoco, Conoco
Sunoco Logistics announced today that it has reached an agreement with former parent company Sunoco to purchase the Eagle Point tank farm and related assets, located in Westville, N.J., for approximately $100 million in deferred distribution units.
NOVA Chemicals to build new polyethylene lines in Canada, expand ethylene output
As a part of a strategy to capitalize on emerging feedstock opportunities and growing North American demand, NOVA Chemicals said it has begun feasibility and engineering work for the construction of two new polyethylene assets to be located at its sites in Alberta and Ontario.
Louisiana crude terminal will have capacity doubled
U.S. Development Group (USDG), a Houston-based developer of unit train logistics and terminal facilities, said Wednesday that it is expanding its St. James Rail Terminal (SJRT), a crude oil and condensate handling and distribution hub located in the Gulf Coast region of Louisiana.
Safety-Kleen begins work on third North America used oil re-refinery
Safety-Kleen Systems plans to move forward with preliminary engineering for its third North American used oil re-refinery, designed to further solidify the company's position as the world's leading re-refiner, it said on Wednesday.
Husky shuts Lima refinery in Ohio for repairs
Husky Energy has temporarily suspended production at its refinery in Lima, Ohio, in order to carry out repairs on a crude unit furnace, the company said on Wednesday.
- Nextchem completes acquisition of Ballestra, expanding its technology portfolio in phosphates and fertilizers 6/25
- ABB's SensyMaster flowmeter receives SIL 2 certification for use in safety-critical process applications 6/25
- INEOS Oligomers announced two new product launches across its specialty chemicals portfolio. 6/25
- Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions 6/25
- Hynfra secures critical land rights for 120,000-tpy green ammonia plant in Jordan 6/25
- Maire signs MoU to explore SAF production in Kazakhstan 6/24
