Crude oil
Shell to close Australia refinery amid high competition, will convert site to fuel import terminal
Shell is proposing to convert its Clyde refinery and Gore Bay terminal in Sydney, Australia, into a fuel import terminal.
NuStar Energy buys South Texas refinery, terminal from AGE for $41 mn
NuStar Energy has closed on its purchase of certain refining and terminal assets of bankrupt firm AGE Refining for $41 mn excluding net working capital. The deal includes a refinery in San Antonio, Texas.
Chem safety board faces ‘significant challenges’ in US Deepwater Horizon investigation
The US Chemical Safety Board (CSB) continues to face “significant challenges” in its ongoing investigation into the Deepwater Horizon oil rig explosion, as companies and witnesses have sought to evade subpoenas for testimony and records and various investigation groups have not coordinated effectively, the agency said.
China’s Sinopec to cut fuel exports, lower chemical plant operating rates
Chinese refiner Sinopec will reduce fuel exports and lower chemical plant operating rates in order to increase domestic refined oil products supply, the company said on Tuesday.
Marathon Oil subsidiary Speedway named top US retail gasoline brand for third year
For the third year in a row, Speedway is the highest-ranked gasoline brand in the US, according to the Harris Poll EquiTrend survey of more than 25,000 consumers.
Koch Pipeline wins API’s top safety, environmental award for 2010
Koch Pipeline Co. employees won the API 2010 distinguished award for outstanding safety and environmental performance, considered the API’s highest award in the field, the company said.
IPIC proceeds with plan for $3bn UAE refinery, gives engineering deal to Shaw
International Petroleum Investment Co. (IPIC) announced that it is proceeding with the implementation of a 200,000 bbl/day refinery at Fujairah, at an estimated cost of $3 billion.
Eagle Ford crude on the express to Corpus
Flint Hills Resources has completed long-term arrangements with Anadarko Petroleum Corp. and Harvest Pipeline Company that will bring additional quantities of Eagle Ford crude and condensate production to Corpus Christi.
Ex-Im Bank gives initial approval for $2.8 billion in financing for Colombian refinery
The Board of Directors of the Export-Import Bank of the US today voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee to Colombia’s Refinería de Cartagena S.A. (Reficar).
Puma Energy buying ExxonMobil's downstream businesses in six Central American markets
Puma Energy has agreed to acquire ExxonMobil's fuels marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
- 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
