Americas
Britain's Spirax-Sarco to buy thermal tech firm Chromalox for $415 MM
(Reuters) — Britain's Spirax-Sarco Engineering Plc said it had agreed to buy Pittsburgh-based thermal technology company Chromalox Inc from private equity firm Irving Place Capital for $415 MM on a cash-free, debt-free basis.
Emerson completes acquisition of MYNAH Technologies
AUSTIN, Texas — Emerson announced it has completed the purchase of MYNAH Technologies, a long-time Emerson alliance partner and a provider of dynamic simulation and operator training software.
KBR returns to Malaysia via JV with BIV Builders
HOUSTON — KBR, Inc. announced it has signed a JV agreement with BIV Builders for a standalone, self-sufficient, long-term JV based in Kuala Lumpur, Malaysia. The JV will be known as KBIV.
Venezuela says considering options to repay debts
VIENNA (Reuters) — Venezuela is considering several options to repay its debts, the oil minister said on Thursday, after a deep recession and low crude prices hit output and prompted Caracas to seek funds from China and Russia.
US crude inventories slump amid near record refining
(Reuters) — US crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the Energy Information Administration said on Wednesday, even as gasoline and distillate stockpiles also dipped.
ACC: New report shows potential for major Appalachian petchem industry
WASHINGTON — An economic report released by the American Chemistry Council (ACC) shows that the Appalachian region could become a second center of US petrochemical and plastic resin manufacturing, similar to the Gulf Coast.
Venezuela oil executive arrested in corruption probe
CARACAS (Reuters) — Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and US major Chevron Corp, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt.
Measurement, Control & Automation Association introduces new brand, website
POQUOSON, VA — Parabolic flow curves were the inspiration for the new logo for the Measurement, Control & Automation Association, revealed at the MCAA Industry Forum last month in Atlanta. A completely redesigned website, TheMCAA.org, was also rolled out to the more than 240 attendees at the meeting.
Saudi Aramco plans up to $30-B investment in Motiva by 2023
HOUSTON (Reuters) — Saudi Aramco plans an investment of up to $30 B in its US subsidiary Motiva Enterprises LLC, the company said in an announcement at a business summit in Saudi Arabia.
EIA: Fuel economy improvements are projected to reduce future gasoline use
Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more than offset increases in light-duty vehicle miles.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
