Economics
Shell signs agreement to sell Denmark refining business
Shell has reached an agreement with Dansk Olieselskab for the sale of Dansk Shell in Denmark, which consists of the 70 Mbpd Fredericia refinery and local trading and supply activities, for approximately $80 MM.
Philadelphia Energy Solutions ends bid to go public
Philadelphia Energy Solutions ended its bid to take the company public, capping a string of bad news for the largest refinery on the US East Coast.
Three firms vie for BP’s share in SECCO JV petrochemical plant
At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals JV SECCO which could fetch more than $2 B.
TPC Group to sell Baytown facility to SI Group
TPC Group has reached an agreement to sell its Baytown operations facility to SI Group. The operations include manufacturing assets for nonene, tetramer, and other propylene derivatives.
Linde Engineering NA expands use of AspenTech software
Linde Engineering North America Inc. has standardized Aspen Technology’s Aspen Capital Cost Estimator technology.
EIA: Narrowing crude oil prices contribute to converging refining profits
Earnings per barrel of crude oil and other inputs processed by refiners that operate mainly in North America were lower in the second quarter of 2016 compared with the same time last year and are now close to per-barrel earnings by refiners operating elsewhere.
China fuel exports cast Q4 pall over global oil products
China's state oil refiners are readying to export more diesel and gasoline in coming months in an already saturated global market.
SK Innovation seeks to expand business cooperation with Sinopec
SK Innovation Co. is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.
EU regulators halt Dow, DuPont merger review to gather data
EU antitrust regulators have halted their scrutiny of Dow Chemical Co and DuPont's proposed merger while the companies provide more information regarding their $130 B deal.
Linde ends merger talks with Praxair
The executive board of Linde AG has decided to terminate the preliminary merger discussions with Praxair.
- 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
- Reliance: India's gasoline demand to peak by 2035, diesel by 2041 4/3
- Mabanaft, HIF Global sign agreement to accelerate e-methanol adoption in the shipping industry 4/3
- Burckhardt Compression awarded digital monitoring services contract for a chemical plant in Saudi Arabia 4/3
- Lummus completes successful startup of electric heater demonstration unit 4/3
