Economics
Marathon sues BP for breach of contract in Texas oil refinery sale
Marathon Petroleum Corp. alleged BP failed to deliver a Texas oil refinery and three products terminals in the condition promised under a $2.4-B sales agreement signed in 2012, according to a federal lawsuit.
US Federal appeals court hears arguments over Dakota Access pipeline
Three federal appeals judges in Washington, DC, heard arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where the Standing Rock Sioux and other tribes say the project will desecrate sacred land.
New China refinery faces delay as Myanmar seeks extra oil tax
A newly built Chinese refinery near its border with Myanmar is facing a delayed start-up after state firm PetroChina balked at paying an extra tax for piping crude oil through the Southeast Asian nation.
Royal Dutch Shell signs MOU with Iran's National Petrochemical
Royal Dutch Shell signed a preliminary memorandum of understanding with Iran’s National Petrochemical Co. for cooperation in the petrochemical industry.
Norway LNG workers agree to wage deal, avoid strike
Workers and employers at three plants serving Norway's energy industry agreed a wage deal early on Friday, avoiding a strike that could have cut gas supplies to Britain.
BP to set up fuel stations in India, challenge state refiners
Global oil major BP plans to open up to 3,500 fuel stations in India, becoming the second overseas firm drawn to rising demand for gasoil and gasoline in the world's fastest growing major economy.
LNG prices enjoying seasonal gains, but may be short-lived
While the LNG market is heading for structural oversupply next year, and for several years thereafter, there are several short-term factors that have been supporting prices, and should continue to do so for a little while.
Braskem ex-CEO eyes plea bargain in Brazil corruption probe
A former chief executive of Braskem SA is working with investigators in Brazil to establish the petrochemical company's responsibility in a political graft scandal involving its shareholders.
Credit Suisse says US refinery margins rise in three of five regions
Refining margins rose in three of the five US regional petroleum districts in the week ended September 30, according to Credit Suisse.
Norway strike could affect LNG plant, refinery
If wage talks fail, Statoil’s Melkoeya LNG plant and Shell’s Nyhamna gas plant could shut, while ExxonMobil’s Slagen refinery’s maintenance could be prolonged.
- China's Wanhua Chemical starts operation at new east China cracker 4/4
- Brookfield Infrastructure announces the acquisition of Colonial Enterprises for $9 B 4/4
- PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut 4/4
- Japan to curb gasoline prices from June to cushion U.S. tariff blow 4/4
- Evonik presents innovative "Debonding on Demand" concept for more sustainable bonding 4/3
- Oil, gas and refined product imports exempted from Trump’s sweeping tariffs 4/3
