Economics
Japan's JX, TonenGeneral merger deal imminent
Japan's JX Holdings and TonenGeneral Sekiyu are set to finalize details Wednesday, August 31 for a new merged company to be formed in April 2017.
Wärtsilä, Gasum aim to develop LNG markets
Wärtsilä and Finland based Gasum signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine and onshore applications.
ExxonMobil, BP, ConocoPhillips decide not to invest in Alaska LNG
ExxonMobil will likely sell their share of the Alaska LNG JV with BP, Conoco Phillips and the state government, as they believe the project will not be profitable under current market conditions.
Profit at China's Sinopec slumps 21.6% in first half
Sinopec said its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices.
Shell and government of Gibraltar sign LNG supply agreement
The government of Gibraltar and Shell signed an agreement for the supply of LNG for use in power generation in Gibraltar.
Oil refiners face reprieve as maintenance tames fuel glut
Oil refiners reeling from tumbling profits can expect some reprieve in the coming weeks as lower production could tame a huge global excess of gasoline and diesel.
LyondellBasell retains bank for potential Houston refinery sale
LyondellBasell Industries has retained Bank of America Merrill Lynch to help with the potential sale of its refinery in Houston.
Hyundai Engineering lowers design costs with 3D technology
Hyundai Engineering used 3D technology to increase the efficiency of engineering design on their $2 B petrochemical plant project.
US crude, gasoline stocks build unexpectedly as refineries cut output
According to the US Energy Information Administration, US crude and gasoline inventories rose unexpectedly last week as refineries cut output.
EIA: Crude price differentials a factor as refining profits converge
Refinery earnings were lower in Q2 2016 compared with the same time last year and are converging among different locations globally.
- Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China 1/15
- Russian oil products trapped at sea by U.S. sanctions 1/15
- California (U.S.) withdraws clean truck EPA waiver request ahead of Trump inauguration 1/15
- Amazon orders 200 new electric heavy trucks from Daimler for Germany, UK 1/15
- Colonial Pipeline shuts main gasoline artery after potential gasoline spill 1/15
- KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit 1/14
