U.S.
U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024
Major U.S. fuel makers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.
Shell discloses $14-B cost for petrochemical plant, more than double street estimates
Royal Dutch Shell revealed during its recent fourth-quarter earnings call that the construction costs of its petrochemical plant have surged by 130%, surpassing the original estimate.
LLumin and eschbach partner for integrated team communications in enterprise asset management and plant maintenance
LLumin and eschbach announce their partnership to deliver the first rules-based, action-triggering, bi-directional communicating CMMS solution that seamlessly integrates with Shiftconnector, a comprehensive plant process management solutions for process manufacturers.
Louisiana (U.S.) Governor Jeff Landry announces bond allocation for Chevron’s Geismar renewable diesel plant
Governor Jeff Landry announced a $100 MM bond allocation for the expansion project at Chevron’s Geismar Renewable Diesel Plant at the Louisiana Mid-Continent Oil and Gas Association’s annual conference.
U.S. crude stocks rise, gasoline and distillate inventories fall
U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration reports.
API launches Standards Subscription Service
The American Petroleum Institute is pleased to announce the latest addition to the API Webstore - the new Standards Subscription Service which offers Webstore customers unlimited, 24/7 access to API’s comprehensive suite of safety standards and technical documents for use across their organization.
U.S. Energy Department selects Delek's refinery for pilot carbon capture project
Delek US Holdings said the U.S. Department of Energy has selected its Big Spring refinery for a pilot carbon capture project and would provide up to $95 MM of federal funding to support its development.
Sugar Valley Energy bio-refinery to address SAF market
Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley, intends to produce SAF for the airline industry.
U.S. manufacturers poised for resumed growth, diesel shortage
Consumption of diesel and other distillate fuel oils is closely correlated with the manufacturing and freight cycle so the business upturn is very likely to result in renewed growth in distillate use in 2024.
Yokogawa releases Extractive Tunable Diode Laser Spectrometer TDLS8220
Yokogawa Corporation of America announced the release of the Extractive Tunable Diode Laser Spectrometer TDLS8220, a new generation OpreX Analyzer product.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
