Europe
European refining investors wary of downturn
Refining margins in northwest Europe averaged $14.5/bbl in 2015 and in the Mediterranean $12.7. But so far in 2016, margins have averaged $10.9/bbl and $10.6/bbl, respectively.
BG shareholders strongly back merger with Shell
BG will now merge with Shell on Feb. 15, nearly two decades after the company was born from British Gas and just a few months after it reached record oil and gas output.
BASF warns of lower-than-expected earnings
Low oil prices, normally a boon to chemical companies, hurt BASF's oil and gas business Wintershall, which accounted for 20% of its 2014 sales.
Praxair to expand Antwerp gases supply to Total, downstream users
Given the significant capacity and infrastructure investments made in the port over the past several years, there is growing demand in this region for nitrogen for blanketing and inerting of chemicals in storage.
Chevron looks to sell 75% stake in South African downstream business
In addition to the 110,000-bpd Cape Town refinery, Chevron also has interests in the Durban lubricants plant on the country's East Coast and a network of service stations.
Iran agrees to supply oil to Greek refiner Hellenic
The agreement was announced after Iran’s Deputy Oil Minister Amir Hossein Zamaninia had discussed potential energy co-operation with Greek Energy Minister Panos Skourletis earlier on Friday.
Linde to supply ethane, NGL extraction units for major Gazprom project
Linde will engineer and supply units for ethane and natural gas liquids (NGL) extraction and nitrogen rejection, as well as for helium purification, liquefaction and storage.
Rosneft, BP to dissolve German refining venture
After restructuring later this year, Rosneft will become a direct shareholder in the Bayernoil refinery and raise its stake in it to 25% from 12.5%, according to the report. Rosneft also plans to increase its stake in the MiRO refinery to 24% from 12%, and in the PCK refinery to 54.17% from 35.42%.
Neste Jacobs to deliver operator training simulator for Porvoo refinery units
After the new simulator has been commissioned in spring 2016, it will be maintained and kept up-to-date with the real plant by utilizing Neste Jacobs' customer support simulator environment.
LyondellBasell unveils senior leadership changes
After four years with LyondellBasell, Timothy D. Roberts, executive vice president of global olefins and polyolefins, has announced his decision to leave the company. Mr. Roberts will be succeeded by Daniel M. Coombs, who joined LyondellBasell in 2015.
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