Americas
TC Energy has submitted plan to restart Keystone pipeline after spill
TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years.
Adding EVs to U.S. biofuels law is environmental agency's 2023 task
The Biden administration could change the nation's biofuel blending law next year to offer lucrative credits to electric vehicle manufacturers like Tesla, a major rewrite that the oil industry criticizes as subsidizing the EV industry.
U.S. begins buying back oil for strategic reserve
The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 MM barrel release from the stockpile.
Mexican airline Volaris exploring sustainable fuel options
Mexican low-cost carrier Volaris is exploring options to obtain sustainable aviation fuel (SAF), including a potential deal in the United States, the airline's top executive said in an interview following the company's investor day.
Chevron unlikely to invest more in Venezuela in short term, says CEO
Chevron Corp is unlikely to add investment in Venezuela in the next six months despite a recent U.S. license to allow it to expand its operations in the South American country, Chief Executive Michael Wirth said.
United Airlines invests millions into proposed Oregon biofuel refinery
United Airlines will add $37.5 MM into a proposed biofuel refinery in northwest Oregon, per a report by OPB.
Refiner Phillips 66 to boost investor returns by up to $12 B
Refiner Phillips 66 said it plans to return up to $12 B more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up as much as 3%.
Fire breaks out at Chevron's El Segundo, California refinery
Chevron said fire crews responded to an isolated fire inside its 269,000-barrel-per-day El Segundo refinery in California on Tuesday, with no injuries due to the incident.
Phillips 66 plans to lay off 1,100 workers by end-2022
Refiner Phillips 66 said on Wednesday, it plans to reduce its employee headcount by 1,100 to help cut costs and meet its savings target of $500 MM by end-2022.
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
- Sherwin-Williams unveils new advanced energy barrier that eliminates threat of corrosion under insulation 6/26
- SIBUR develops new polyethylene grade for beverage packaging 6/26
- Sasol and Topsoe to refocus SAF partnership as Zaffra JV prepares for wind-down 6/26
- Indonesia sets 3-month transition period for B50 biodiesel program 6/26
- Middlemen offer Iranian oil to Indian refiners after U.S. waiver 6/26
- Germany joins opponents of EU methane law, warns it could up-end jet fuel supply 6/26
