Crude oil
Murphy Oil to sell La. refinery to Valero for $625mn
Murphy Oil has agreed sell its 125,000 bpd refinery and related assets in Meraux, Louisiana, to Valero for $325 million in cash plus the value of hydrocarbon inventory, putting the overall sale value near $625 million.
Halliburton files Gulf oil spill lawsuit against BP
Halliburton on Thursday filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the Deepwater Horizon incident on April 20, 2010.
US Gulf producers shut in nearly half of oil capacity amid Tropical Storm Lee
Oil and gas operators around the Gulf of Mexico have begun evacuating platforms and rigs due to Tropical Storm Lee, with nearly 48% of oil capacity and 33% of natural gas production shut in. Lee intensified to become a tropical storm on Friday, according to the US National Hurricane Center (NHC), packing winds of 40 miles/hour.
Refining outlook: Capacity expansion and rationalization
Many factors are reshaping the global refined products industry, leading to inevitable change
Understand differences between thermal and hydrocracking
Successful operation and product yields are controlled by reactions at the molecular level
HP Construction: North America
Gevo, Inc. has plans with South Hampton Resources, Inc., a subsidiary of Arabian American Development Co., to build a hydrocarbon processing demonstration plant at its facility just outside of Houston..
HP Construction: Europe
Süd-Chemie, a member of the Clariant Group, has started construction of what will reportedly be the largest German plant for manufacturing climate-friendly biofuel cellulosic ethanol from agricul..
HP Construction Profile: Eni starts slurry technology project at Italy refinery
Italian oil and gas major Eni has started work on applying Eni Slurry Technology (EST) at its Sannazzaro de’ Burgondi refinery, located near Pavia in northern Italy.EST is Eni’s proprietary ..
Foster Wheeler wins engineering design deal for hydrogen unit at Kazakhstan refinery
Foster Wheeler has been awarded a contract for the basic engineering design of a new hydrogen production unit, based on the company’s Terrace-Wall steam reforming technology, to be built at the Atyrau refinery in Kazakhstan.
Crescent Point buys North Dakota shale acreage
Crescent Point Energy has acquired approximately 750 boe/d of production and more than 78 net sections of lower-risk land in North Dakota through a pair of acquisitions. As a result of the deals, Crescent Point said it was upwardly revising its 2011 capital expenditure plans and production guidance.
- U.S. labor board judge rules Exxon's Texas refinery union lockout was legal 11/28
- U.S. crude stocks fall, gasoline and distillate inventories rise 11/28
- Maersk could use 15%–20% alternative fuels for its fleet in 2030 11/28
- Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs 11/28
- Singapore distillates stocks tick up for fifth week 11/28
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
