Crude oil
Foster Wheeler awarded EPCm contract for Engen South Africa pipeline project
Foster Wheeler has been awarded a contract by Engen Petroleum for engineering, procurement and construction management (EPCm) services for Engen’s new multi-products pipeline feeder lines and infrastructure project at the company’s Durban refinery in South Africa.
Albemarle to produce renewable base oils for Amyris, Cosan JV
US specialty chemicals producer Albemarle has agreed to supply base oils to Novvi, a joint venture between Amyris and Cosan focused on the development, production, marketing and distribution of renewable base oils from Biofene, Amyris' renewable farnesene.
Enterprise, Energy Transfer call off proposed JV for Cushing-to-Houston crude pipeline
Enterprise Products has called off its proposed joint venture with Energy Transfer to develop and construct a 584-mile crude oil pipeline from Cushing, Oklahoma to Houston.
Anadarko picks Technip to engineer Gulf oil project
Anadarko Petroleum has issued a letter of intent to France-based Technip for the engineering, construction and transport of a 23,000 ton Truss Spar hull for their Lucius field development. This field is located in approximately 7,100 feet (2,165 meters) of water in the US Gulf of Mexico.
Technip wins design deal for Qatargas refinery expansion
Technip has won the design contract for a capacity-doubling expansion of Qatargas’ Laffan condensate refinery, officials said on Friday. France-based Technip will design facilities to raise output to 292,000 bpd, up from 146,000 bpd. The value of the front-end engineering and design deal was not disclosed.
INEOS venture receives $75mn in US financing for Florida bio-refinery project
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida.
Valero restarting Memphis refinery after recent fire
US refiner Valero is restarting units at its Memphis refinery in Tennessee, which was shut down on Aug. 5 due to a fire in a crude distillation unit. The restart will begin with one of the crude distillation units, FCC, and other key units, the company said.
Fluor wins deal from Chevron to expand oil pipeline in Kazakhstan, Russia
Fluor has been awarded a contract by Chevron Neftegaz - one of three project managers engaged by the Caspian Pipeline Consortium - for its recently-announced expansion project. Fluor will provide project services for the marine terminal and supervisory control and data system (SCADA) portions of the Caspian expansion project.
ExxonMobil to sell downstream units in Malaysia
ExxonMobil affiliates have agreed to sell their interest in three businesses operating in the Malaysian downstream petroleum sector to San Miguel Corp. (SMC). The agreement includes ExxonMobil’s 65% stake in the publicly traded company Esso Malaysia Berhad (EMB), which operates the Port Dickson refinery, as well as its wholly-owned ExxonMobil Malaysia Sdn Bhd (EMMSB) and ExxonMobil Borneo Sdn Bhd (EMBSB) affiliates, which are involved in the retail, industrial and wholesale and aviation fuels businesses.
US invests $510m on military, commercial biofuels
President Barack Obama announced that the US Departments of Agriculture, Energy and Navy will invest up to $510 million during the next three years in partnership with the private sector to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation.
- 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
- Germany's BSW pushes to restore Russian oil to Schwedt refinery, seeks regional legitimacy 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
