Americas
Phillips 66 in talks for non-core assets sale
U.S. refiner and petrochemical manufacturer Phillips 66 is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said during an energy conference.
Mexico's new Olmeca oil refinery now seen processing 243,000 bpd in 2024
Mexican state oil company Pemex's top executive estimated that the firm's newest refinery will process 243,000 bpd of crude in 2024 during its first year of operations, before ramping up to near full capacity in 2025.
Air Europa to fly to Havana with Cepsa's second-generation biofuels
Cepsa and Air Europa have sealed an alliance whereby the energy company will supply 14.4 tons of SAF to the airline for one year to cover the first monthly Madrid-Havana flight.
Azure announce plans to develop an SAF production facility in Kansas
Once fully operational, the facility will produce approximately 135 MM gallons per year of renewable fuels, primarily SAF.
U.S. fuel inventories surge as refiners boost runs, post holiday lull
U.S. gasoline and distillate inventories posted large builds last week as demand slipped, while crude stocks fell more than expected.
Biden administration slowly puts oil back into the SPR emergency stash
The administration of President Joe Biden is slowly putting oil back into the Strategic Petroleum Reserve, after selling a record amount from the emergency stockpile in 2022.
APA to acquire rival Callon Petroleum in $4.5-B deal
U.S. oil producer APA announced it was buying rival Callon Petroleum in an all-stock transaction valued at $4.5 B including debt, following on the heels of a record year for dealmaking in the largest U.S. shale field.
Curtiss-Wright Exlar announces new Tritex EVA for oil & gas valve actuation
Curtiss-Wright’s Actuation Division announced that its new Exlar Tritex EVA electric valve actuator has achieved CSA Class 1, Division 2 Hazardous Location certification.
Jet Aviation partners with World Fuel Services to offer SAF in Montana and Arizona (U.S.)
Jet Aviation announced that it has signed an agreement with World Fuel Services to secure and offer SAF on-site at its FBOs in Bozeman, Montana, and Scottsdale, Arizona, effective immediately.
NextDecade files to allow TotalEnergies to exit LNG stake
NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.
- Topsoe secures first SAF project in China 4/30
- Borouge increases Q1 net profit nearly 40% to $273 MM 4/30
- NEXTCHEM finalizes acquisitions of HyDEP and Dragoni to boost green H2 production tech 4/30
- DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant 4/29
- Ineos shuts down Canadian unit for maintenance after chemical leak 4/29
- India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery 4/29
