Crude oil
Car accident shuts major US oil pipeline for days
A major oil pipeline will be shut down for several days after a spill and fire near Chicago caused by a freak car accident. The pipeline was shut down within hours of the accident early Saturday morning and will remain shut down until Thursday morning, an Enbridge spokeswoman said.
BP reaches $7.8bn settlement over Gulf oil spill
BP says it has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the majority of economic loss and medical claims stemming from the Deepwater Horizon accident and oil spill. The cost is approximately $7.8 billion, the company said.
Pakistan rejects US call to drop Iran gas pipeline
Pakistan isn't shying away from a fight with the US over Washington's threat of sanctions if Islamabad continues to push ahead with plans for a gas pipeline to Iran. New Delhi, too, has argued that it needs Iranian crude oil to meet its energy needs, despite pressure from the US to cut back.
BP shuts down Alaska oil processing hub after fire
BP said late Thursday it has shut down an oil-processing center at Alaska's Prudhoe Bay oil field, following a fire. No one was injured and the fire extinguished itself, according to the company. Fire crews found little or no damage inside the building, but facility managers decided to shut down the plant.
Oil trader Gunvor to buy, restart Petroplus refinery in Antwerp, Belgium
Oil trading and logistics company Gunvor Group said Friday it will buy the 107,500 bpd refinery that insolvent Swiss oil refiner Petroplus had shut down in Antwerp, Belgium. The deal is expected to close in six to eight weeks, the company said. Financial details were not disclosed.
Closed-loop control can clamp down on crude unit corrosion
Automating the detection process and controlling applications in real time dramatically boosts performance
HP Impact: BP’s energy outlook to 2030
Global energy demand will continue to grow over the next 20 years, albeit at a slowing annual rate, fueled by economic and population growth in non-OECD countries. Increased energy efficiency and stro..
HP Construction: North America
UOP LLC, a Honeywell company, will provide technology to produce propylene at Dow Chemical Co.’s production site in Texas. Dow Texas Operations will use Honeywell UOP C3 Oleflex technology in a n..
HP Construction: Europe
BASF will build a single-train 300,000 metric-tpy production plant for toluene diisocyanate (TDI) at its site in Ludwigshafen, Germany. It will also expand additional plants for TDI precursors by cons..
HP Construction: Middle East
Qatargas has signed an engineering, procurement and construction (EPC) contract with Samsung Engineering Ltd. for a diesel hydrotreater (DHT) unit that will treat 54,000 bpsd of diesel, from high-sulf..
- Clariant's FAMAX™ catalysts deliver outstanding performance at two Yihua formaldehyde plants in China 5/27
- Aramco and Emerson collaborate on strategic corrosion R&D 5/27
- TotalEnergies extends fuel price cap in France through June 5/27
- MOL says repairing petrochemical plant damaged in explosion could take several months 5/27
- China allows fresh urea exports amid Iran war-fueled fertilizer crisis 5/27
- India ethanol push drives big rise in land farmed to make fuel 5/27
