Economics
Total says incident at Gonfreville refinery did not affect output
A gas blast that injured five people at Total's 247-Mbpd Gonfreville refinery in northern France did not impact production, because the unit was on scheduled maintenance.
Cost cuts help refiner Valero beat profit estimate
Valero Energy Corp.'s quarterly profit beat analysts' estimate by a wide margin, as the largest independent US refiner kept a tight leash on costs.
Total, Glencore and Gunvor bidding for Chevron's South African assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a refinery.
Angola becomes China's biggest oil supplier in September
Angola became China's largest crude supplier for the second time in September, taking the top position from Russia.
Saudi Aramco denies bidding for Lyondell's Houston refinery
Saudi Arabian state oil giant Saudi Aramco denied it had bid for the purchase of LynodellBasell Industries NV's refinery in Houston.
S. Korea's GS Caltex buys North Sea Forties crude for January arrival
The narrowing of Brent's premium to Dubai swaps this month has prompted Asian refiners like GS Caltex to turn their attention to arbitrage crude from Europe.
HollyFrontier in the lead to acquire Petro-Canada lubricants
US oil refiner HollyFrontier Corp. is in advanced talks to acquire Suncor Energy Inc.'s Petro-Canada lubricants division for a little over $1 B.
Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers complete merger
Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers have finalized their merger to form the independent JV company, Hoover Ferguson Group.
SPIE to provide commissioning management support to KNPC Clean Fuels Project
SPIE Oil & Gas Services has been awarded a 5-year contract with Kuwait National Petroleum Co. under the Clean Fuels Project which is currently in the EPC phase of implementation.
Lyondell's Houston refinery draws bids from Aramco, Valero, Suncor
At least three firms including Saudi Arabian state oil giant Saudi Aramco have bid over $1 B for LyondellBasell's refinery in Houston.
- KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit 1/14
- Chinese, Indian refiners seek new supplies as US sanctions tighten grip on Russian oil 1/14
- Clariant to fight 1.4-B euro ethylene lawsuit from BASF 1/14
- Poland's Orlen plans to invest up to nearly $92 B by 2035 1/14
- Genesis Fertilizers, Stamicarbon partner to advance sustainable urea production 1/14
- Sinopec Shanghai Petrochemical to invest $2.9 B to upgrade Chinese operations 1/14
