Refining
Holly and Frontier merge to create HollyFrontier
Holly Corp. and Frontier Oil Corp. have merged. Factoring in various variables, it can be safely interpreted that the new company has an enterprise value of $7 billion.
Shell, Vitol and Helios reach agreement on African downstream businesses
Shell today announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helios Investment Partners for a total consideration of some $1 billion
Shell receives offer for Stanlow refinery in the UK
Shell today confirmed it has received an offer from Essar Energy to buy its 272,000 bpd Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3 billion.
Total sells stake in Spanish company to Abu Dhabi entity
Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. IPIC, a wholly owned entity of the Abu Dhabi government, is currently a shareholder of CEPSA with a stake of 47.06%.
Atlas Inspection Technologies expands across US
Atlas Inspection Technologies, a Seattle-based provider of remote visual inspection solutions for the industrial and manufacturing sectors, announced further expansion across North America.
15 groups seek to bar EPA funding for E15
NPRA, the National Petrochemical & Refiners Association, was one of 15 organizations signing a letter to the leadership of the US House of Representatives supporting a measure by Rep. John Sullivan (R-Oklahoma) that would bar the Environmental Protection Agency (EPA) from using federal funds to cover EPA costs involved with increasing the amount of ethanol in gasoline from the current 10% to 15%.
Ethanol companies join RFA to form advocacy council
Leaders in the world’s ethanol industry recently announced that they are coming together in conjunction with the Renewable Fuels Association (RFA) to form the Advanced Ethanol Council (AEC).
US refining margins improve, but some refineries remain at risk
During the fourth quarter of 2010, US refining industry performance improved relative to the prior quarter. While the US Gulf Coast crack spreads were somewhat lower in the fourth quarter, the light-heavy crude oil price differential (LLS-Maya) continued to favor refineries with heavier crude slates.
KBR and Valero startup benzene reduction projects
KBR today announced that Valero Energy has successfully started up advanced reformate splitters at three of its US refineries.
Catalyst recycling comes to Oklahoma
Veolia ES Technical Solutions and Oklahoma Materials Recycling (OMR) have signed a teaming agreement whereby Veolia will exclusively provide up-front sales and marketing services for OMR’s catalyst recycling plant currently under construction in Atoka, Oklahoma.
- Eneos plans to shut Marifu CDU in mid-January for maintenance 12/26
- China's 2026 first batch fuel export quotas steady year on year 12/26
- Singapore fuel oil stockpiles rise to two-week high 12/26
- Asia refinery 2025–2026 maintenance/outages 12/26
- Serbia's NIS gets U.S. approval to negotiate sale of Russian stake 12/26
- India's Reliance gets one-month US concession to buy Rosneft oil 12/24
